Posted on 05/27/2021 7:22:07 AM PDT by SeekAndFind
Amazon CEO Jeff Bezos is once again making people wish they’d bought stock in the company back in 1998. The Amazon monolith is about to gobble up one of the most iconic studios in the history of cinema.
The Wall Street Journal:
Amazon.com Inc. AMZN said it has agreed to acquire Hollywood studio MGM Holdings, a deal the e-commerce giant is betting can jump-start its Prime Video streaming platform and position it to compete with industry heavyweights including Netflix Inc. and Walt Disney Co.
The purchase, which was unveiled Wednesday morning, has an equity value of $6.5 billion, people familiar with the matter said. Including debt, the value of the deal is $8.45 billion, Amazon said. It is the second-largest acquisition in the company’s history behind its $13.7 billion purchase of Whole Foods in 2017.
In MGM, Amazon will get a library of over 4,000 films, including iconic franchises such as “James Bond” and “Rocky,” and classics such as “The Silence of the Lambs,” “Raging Bull” and “12 Angry Men.” The TV catalog includes critically acclaimed shows such as “The Handmaid’s Tale,” “Fargo” and “Vikings.”
As the Journal notes, this continues a trend of media mergers in recent years. A trend that probably doesn’t bode well for either movies or television.
The rapidly changing nature of the way entertainment is delivered to us is behind the acquisition:
Media executives have buzzed for years about the possibility of mergers with companies such as Amazon and Apple Inc., but the tech giants avoided big-ticket deals as they built out their streaming platforms.
Now, the landscape is shifting. Traditional studios are keeping more content for their homegrown streaming services, such as NBCUniversal’s Peacock and WarnerMedia’s HBO Max, instead of licensing it to the likes of Amazon and Netflix.
(Excerpt) Read more at pjmedia.com ...
One more business to boycott.
Bezos would be a good Blofeld.
It means more mind control. bezos will make sure that the “entertainment” conforms to the new, fascist, “woke” criteria.
bezos is delusional. He thinks his riches give him the right to change the world.
Movies are mostly crap now
Anti-trust, what’s that?
If this is truly a problem, it can be solved by shortening the duration of copyrights to films to say, 10 years.
RE: If this is truly a problem,
Not a problem for me personally. I don’t have to watch anything that I don’t like.
He could not do more damage to the Bond franchise than has recently been done.
Hollywood never recovered from the 2007 writers strike.
One more business to boycott.
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Might as well boycott all media, then.
IIRC, she enticed Bond to pop his cork.
Less choice or they open up the film vaults and we can choose anything made. Anything new will be the same dreariness we have been seeing for a few decades with more “wokeness’ in them.
I wonder what else Stromberg had in his booze stash aboard that escape hatch, lol?
Hollywood produces mostly crap movies. I watch a lot of foreign movies on Amazon Prime. I particularily like Korean crime dramas and am totally comfortable with sub-titles.
To me this is deck chair shuffling. When I swore off movies and big entertainment in general the delivery method wasn’t the reason but content. To the best of my ability I won’t send whoever any more money. I’ve already sent enough in my life to them.
UK movies and TV programs getting better by the day.
I always thought the illuminati stuff was BS until I saw bezos, zuckerman, soros and bill gates (among others) in action. They all demonstrate the golden rule...those with the gold, rule.
I take The Epoch Times.
My lovely liberal schoolteacher wife is being slowly converted by the barely conservative Wall Street Journal Editorial page.
Other than that, I’m here.
Netflix for Kim’s Convenience. A guilty pleasure.
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