Amazon to buy MGM! See Post #11 (1 Viewer)

[Sam Posten]

Hmmm

Amazon Pondering Deal to Buy MGM

Amazon is in discussionsto acquire MGM Holdings, said a person familiar with the situation, in what would be the ecommerce giant’s biggest move yet to expand in entertainment. MGM owns a major film library, with interests in the long running James Bond franchise as well as other well known ...

www.theinformation.com

 

[TravisR]

Again?

Assuming MGM still wants in the neighborhood of $10 billion dollars, I still don't understand why Amazon is even entertaining this idea. Sure, James Bond is popular but the vast majority of the rest of the MGM library means nothing to the mainstream audience using Amazon Prime so why spend billions on it?

 

[MatthewA]

Whoever buys it is going to take on its debt, and that's why it's been passed around like a hot potato over the years.

 

[jcroy]

The only MGM property which might be able to convince me to subscribe to amazon prime, is if they do a revival or reboot of Stargate SG-1.

 

[Adam Lenhardt]

I actually don't think this would be a terrible thing, if it happened. MGM has been on life support for decades now, and Amazon has the kind of deep pockets it needs to get out from under its debt.

 

[Sam Favate]

If Amazon buys MGM, there goes my dreams of a 4k box set of James Bond discs.

("James Bond in 4k! Exclusively on Amazon Prime!")

 

[Chip_HT]

As long as MGM joins the ranks of Movies Anywhere, I really don't care who buys them.

 

[Robert Crawford]

Apple values MGM less than Amazon:

Comcast, Apple Kicked MGM Tires, Valued Studio Less Than Amazon Does - Media Play News

NEWS ANALYSIS — With Amazon reportedly considering spending $9 billion to acquire MGM to supercharge its movie and TV production ambitions, questions remain just how valuable the vaunted Hollywood studio … Continue reading "Comcast, Apple Kicked MGM Tires, Valued Studio Less Than Amazon Does"

www.mediaplaynews.com

 

[Atari]

Bezos is basically a Bond villain, so it makes sense he would buy them.

 

[Bartman]

What happened to MGM? I had many good quality MGM laserdiscs, many DVDs of questionable quality and some of good quality and just a handfull of carefully researched Blu-rays (once bitten, twice shy). From what we've seen with Warner Archive there is not a huge market for old movies, in fact, Warner Archive would be the best home for future MGM releases.

 

[Worth]

Looks like it's a done deal...

MGM Sold to Amazon for $8.45 Billion in Blockbuster Deal

The tech giant will add a big collection of Hollywood classics and potential franchises to its Prime membership mix.

www.hollywoodreporter.com

 

[Garysb]

MGM Prime. Remember "The Alamo". Sold for about 40% more than others like Apple and Comcast thought MGM was worth.

James Bond, Meet Jeff Bezos: Amazon Makes $8.45 Billion Deal for MGM (Published 2021)

Metro-Goldwyn-Mayer, while diminished, commanded a premium price, with Amazon seeking to bolster its crucial Prime membership offering.

www.nytimes.com

 

[Ronald Epstein]

I don't immediately have an opinion on Amazon owning MGM. It was pretty inevitable that one of the streaming companies would look to purchase them.

Now that it is a done deal, NO TIME TO DIE should see the light of day.

I am wondering if it will still be released theatrically or Amazon will charge a premium for its viewing on their service.

 

[Bartman]

I know so little about Jeff Bezos that I can't tell whether this is a shrewd business decision or a vanity purchase?

It will be interesting to see if MGM 4K UHD titles become available for streaming, has Bezos purchased a suitable production house for such a vast film library?

 

[Peter Apruzzese]

Now that it is a done deal, NO TIME TO DIE should see the light of day.

I am wondering if it will still be released theatrically or Amazon will charge a premium for its viewing on their service.

From what I understand, Eon Productions would have to approve of a move like that. As of now, it's set for an October worldwide theatrical release.

 

[Malcolm R]

It will be interesting to see if they actually run this as a movie studio, producing new films for theatrical release then to Amazon streaming, or if they're just interested in the catalog and as a possible feeder for Amazon originals.

I imagine this won't affect the release of the new Bond film, as all of those agreements for distribution and release were signed more than a year ago.

 

[Lord Dalek]

It will be interesting to see if MGM 4K UHD titles become available for streaming, has Bezos purchased a suitable production house for such a vast film library?

Lol MGM's film library is a fraction of what it was prior to 1986.

 

[Lord Dalek]

https://www.indiewire.com/gallery/united-artists-100-years-best-movies/the-mark-of-zorro-1920/

Somebody needs to tell IndieWire UA doesn't own at least 20 of these films.

 

[Worth]

I don't immediately have an opinion on Amazon owning MGM. It was pretty inevitable that one of the streaming companies would look to purchase them.

Now that it is a done deal, NO TIME TO DIE should see the light of day.

I am wondering if it will still be released theatrically or Amazon will charge a premium for its viewing on their service.

I don't think Amazon has ever had a title that was a streaming exclusive - they've always released their films theatrically.

 

[DeWilson]

Just Announced That Amazon bought MGM - Wonder if that will have any affect on Kino-Lorber and Scorpion Releasing's The MGM owned The American International Pictures Library titles! (and any United Artists Titles!).