Amazon and MGM have just announced a definitive merger agreement whereby Amazon will catalog MGM’s movies and television shows for a purchase price of $ 8.45 billion. The acquisition, which will close in the next few weeks, was officially announced a few moments ago.
The purchase agreement between Amazon and MGM not only includes the studio’s assets but also all the rights to its franchises and films, some of the most important in the history of cinema.
The Agent 007 – James Bond with an award-winning movie catalog including Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Thelma & Louise , Tomb Raider, The Magnificent Seven, The Pink Panther, The Thomas Crown Affair, and many other icons.
With this acquisition, it is expected that all of MGM’s intellectual property, films, and a collection of 17,000 TV series, will be available on Amazon Prime Video.
Metro-Goldwyn-Mayer Studios Inc (MGM) was founded in 1924 by Marcus Loew and Louis B. Mayer, it was part of the golden age of cinema, it has a wide and award-winning film career that in recent years has expanded to TV shows.
CEO Jeff Bezos said that Amazon is “really excited about MGM” during the company’s annual shareholder meeting Wednesday.”
The acquisitions thesis here is really very simple: MGM has a vast, deep catalog of much beloved intellectual property,” Bezos said, “and with the talented people at MGM and the talented people at Amazon Studios, we can reimagine and develop that IP for the 21st century. “The two companies said that the completion of the deal “is subject to regulatory approvals and other customary closing conditions.”
Today with the career of the streaming service we live a series of acquisitions to compete with Netflix, Disney, HBO, Apple+ among others
With the Covid-19 pandemic, a new reality has been established in entertainment that seems to be on every home TV.