Entertainment

Amazon in talks to purchase MGM

  • Last Updated:
  • Aug 19th, 2021 11:51 am
[OP]
Sr. Member
User avatar
Dec 14, 2016
625 posts
381 upvotes
GTA (not the game)

Amazon in talks to purchase MGM

https://www.cnn.com/2021/05/18/media/am ... index.html
Hong Kong (CNN Business)Amazon is reportedly in talks to buy MGM, the vaunted film studio that was a staple of Hollywood's Golden Age. A tie-up would give the tech firm a big brand to wield as competition in streaming grows fiercer by the day.

MGM's iconic logo of a roaring lion has played before tons of classic films, including the "James Bond" series, and the studio could be valued at between $7 billion and $10 billion, according to The Information, which cited a person familiar with the situation. The New York Times and the Financial Times have also reported the talks.
If you're delivering a pizza to a guy, and he comes to the door naked, don't ask for a tip.
12 replies
Deal Fanatic
Aug 5, 2006
6544 posts
3349 upvotes
Global Village
MGM, Lionsgate and AMC Networks have all been mentioned as takeover targets. The Knives Out sequel bidding war with NF probably convinced Amazon they need to buy a studio to get big movie blockbusters on Prime. And they might want to take a shot at a lavish James Bond TV series.

https://www.hollywoodreporter.com/busin ... 234955045/

https://www.nytimes.com/2021/05/17/busi ... mazon.html
All day I dream about sports
Newbie
Jan 20, 2010
84 posts
229 upvotes
Markham
Amazon Said To Be Near Deal To Buy MGM For $9 Billion

U.S & CANADA

James Bond 21 films and New Stargate Series from Amazon Original

Its 4,000 film titles include the James Bond, Hobbit, Rocky/Creed, RoboCop and Pink Panther franchises, as well as movies like “The Silence of the Lambs,” “The Magnificent Seven” and “Four Weddings and a Funeral.” The MGM TV library includes approximately 17,000 episodes of programming, including “Stargate SG-1,” “Stargate Atlantis,” “Stargate Universe,” “Vikings,” “Fargo,” “The Handmaid’s Tale,” “Get Shorty,” “Condor,” “Fame,” “American Gladiators,” “Teen Wolf” and “In the Heat of the Night.” Unscripted shows in its portfolio include “The Voice,” “Survivor,” “Shark Tank,” “”The Real Housewives of Beverly Hills” and “The Hills.”

https://deadline.com/2021/05/amazon-nea ... 234763190/
Images
  • AA1E3558-FD01-4A87-9310-D1DC6155F46C.jpeg
Last edited by itech92 on May 25th, 2021 5:37 pm, edited 1 time in total.
Deal Guru
Jul 23, 2007
13804 posts
5882 upvotes
Toronto
itech92 wrote: Amazon Said To Be Near Deal To Buy MGM For $9 Billion
Yeah, the trades are a week behind on this one
Deal Addict
User avatar
May 31, 2009
1714 posts
590 upvotes
If anyone watched Colbert last night, it seems like Bezos over paid by almost double the valued price. The reason why Bezos bought MGM is because they also own the show and now all the editing room tape from Donald Trumps The Apprentice. Apparently filled with some damning footage of Trump saying some of the most racist and vial language around.


This is payback
[external link removed]
Deal Fanatic
Jun 20, 2020
7170 posts
7830 upvotes
Toronto
Will Jeff Bezos Release "The Apprentice" Tapes To Shame The Former President?

Published on 25 May 2021
Why would one of the world's richest men pay almost twice the value for a struggling movie studio? Perhaps Jeff Bezos wanted to get his hands on outtakes from "The Apprentice," rumored to contain filthy, racist comments by the former president. #Colbert #BTSonLSSC #Monologue
Deal Guru
Dec 5, 2006
10659 posts
5660 upvotes
Markham
Do you guys watch Colbert for business analysis?
Deal Fanatic
Aug 5, 2006
6544 posts
3349 upvotes
Global Village
Dhanushan wrote: What MGM Deal Means For Netflix, Hulu & Disney+ Shows Amazon Will Now Own
Before the recent big bucks sale to Amazon, MGM owned major TV properties that streamed elsewhere, such as The Handmaid's Tale. What happens to them?

https://screenrant.com/amazon-mgm-shows ... u-netflix/




No Face With Stuck-out Tongue And Tightly-closed Eyes
Hulu and Crave own the streaming rights to Handmaids, Prime would get them only after those deals expire.
All day I dream about sports
Deal Addict
User avatar
Aug 16, 2004
2135 posts
772 upvotes
Toronto
So Ernst Stavro Bloefeld finally bought James Bond.
CDDB3EFB-0CA4-45AB-9839-FAF0212AC1D4.jpeg
LRT: Let's Ruin Toronto

Top