Oh great. Why not just call her Double O no you di'n't.
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 ...
"He could not do more damage to the Bond franchise than has recently been done."
Oh great. Why not just call her Double O no you di'n't.
The deal includes “The Apprentice”. Any outtakes of Donald Trump doing or saying anything remotely damaging to his image now belongs to Bezos.
“Movies are mostly crap now”
I agree. I used to be fond of Hallmark movies but since they started included uncanny characters in the plots, I am now reluctant to watch some of them. We prefer those available on Great American Channel (GAC)
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