Amazon in talks to buy MGM for $9 billion

[shadow_operative 15932]

https://www.theverge.com/2021/5/17/22441330/amazon-mgm-offer?utm_campaign=theverge&utm_content=entry&utm_medium=social&utm_source=twitter 

 

James Bond, The Handmaid’s Tale, Rocky, Stargate, Robocop, Legally Blonde, Vikings, a historic catalog of films dating back many decades, an array of production and distribution companies, and the content network Epix — these are the things that Amazon might own if it buys storied film giant MGM for billions of dollars in the very near future.

Amazon has reportedly offered $9 billion for the company, according to Variety, following a scoop from The Information earlier in the day that suggested a range of $7-10 billion for a potential deal, and Variety suggests that $9 billion was also the amount that MGM was reportedly hoping to get. 

Between those factors, the fact that MGM has been up for sale since December 2020, and the jealousy that comes with the sudden impending existence of a new media giant earlier today as AT&T spins off WarnerMedia and combines it with Discovery, it wouldn’t be very surprising if Amazon and MGM made a deal. The Information was slightly less bullish in its report today, though, writing that “The status of Amazon’s discussions with MGM is unclear and it’s possible no deal will result.”

In December, The Guardian reported that MGM has a library of 4,000 films and 17,000 hours of TV. James Bond in particular is one of the most valuable film franchises ever made — a list that’s only growing smaller as the Disney umbrella and Marvel Cinematic Universe swallow as many rivals as it can.

Edited May 18, 2021 by shadow_operative

[Js1 85662]

Yes! I have heard a little about this, as there's been some talk about rebooting or a brand new Stargate series.  It's an MGM property and they have been hesitant to put any money towards it. 

Amazon hands out money for sci-fi/fantasy shows. 

[jeevsie 3740]

Crap.  They beat my offer.

[Brothahorn 10087]

I like this if they put everything on Prime video.

[atomheartbevo 89942]

30 minutes ago, Brothahorn said:

I like this if they put everything on Prime video.

This, even after we have all of these services like Disney, HBO, etc., there's still so much content out there that hasn't shown up on streaming services, or doesn't show up consistently - sometimes it'll be on a service for several months, then disappears for a long time.

I want the promises of yesteryear when we were told that all content ever created for TV and that was still around, would be available at our fingertips.

How is Misfits of Science featuring a young Courtney Cox not available outside of some YouTube videos?

Edited May 18, 2021 by atomheartbevo

[Neonmoon 38130]

10 hours ago, jeevsie said:

Crap.  They beat my offer.

I don’t think a handjob and a pack of Cools was going to win 

[Parliament 14357]

Great.  We're goona get a shitty James Bond series.

[atomheartbevo 89942]

9 minutes ago, Parliament said:

Great.  We're goona get a shitty James Bond series.

Amazon is spending $465 million on the first season of its Lord of the Rings series.

It's dumping somewhere around $10 million into each episode of the first season of its Wheel of Time series.

If they get James Bond, it'll be like "see you Clancyverse, we're going to do James Bond shows".

[WBT 20722]

A gritty series actually based on the Fleming novels, in period, would be all kinds of badass.

[tx 3 putt 77718]

a new stargate series ????????

[idigTexas 2297]

10 hours ago, Neonmoon said:

I don’t think a handjob and a pack of Cools was going to win 

Cools?  Only a jive turkey would smoke those instead of Kools, and they would probably put them out on my floor.