Amazon recently signed an agreement to acquire Hollywood studio MGM (Metro Goldwyn Mayer). The $ 8.45 billion deal will see the merger of the nearly a century-old filmmaker with Amazon Studios. Here’s what it means for a regular streamer for film fans.
According to amazon, The deal will allow the tech giant to help preserve MGM’s legacy and list of over 4,000 films and 17,000 TV shows, including James Bond, silence of the Lambs, Thelma and Louise, Fargo And Vikings.
Amazon says it wants to “empower MGM to continue doing what they do best: telling great stories”, while making it easier for film lovers to access the studio’s existing works.
Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios, MGM has won more than 180 Academy Awards and 100 Emmys in its catalog.
“The real financial value behind this deal is the treasure of IP, which we plan to develop and develop together with MGM’s talented team. It is very exciting and provides a lot of opportunities for high quality storytelling. Does “.
Danyal Rashid, thematic analyst at GlobalData, believes the deal could allow Amazon to improve its Prime Video offering with MGM’s familiar characters and franchises, making it a heavy- Need to keep up with hitters.
“While Amazon boasts many top-tier titles, such as major original titles BOSCH And The man in the high castle, And has secured special content such as Borat Baad Movie Movie And 2 coming to America“It still lags behind its peers in terms of content”, Rashid said.
“Amazon didn’t worry too much before that, because Prime Video has long been seen as an addition to Prime rather than a main feature. However, the need to dominate content has come to the forefront in the streaming wars, with the entry of players like Disney into the streaming market in 2019, combined with Netflix’s continued scale of its blockbuster productions. This has forced Amazon to look externally for the content.
“MGM provides a great complement to the Amazon platform. Titles such as James Bond (Although it will be co-owned) and of rock Not only does Amazon provide instantly recognizable blockbuster content, it also gives the firm an opportunity to differentiate the characters and the story. This will allow Amazon to ‘milk’ this IP effectively.
For more information about streaming services, be sure to check out Netflix vs. Amazon Prime Video and Netflix vs. Disney Plus.
The deal will give MGM control over the impressive library of favorites including James Bond, of rock (And this Creed Franchise) and Robocop Films, as well as TV shows, that the retail giant had some stake, including Maid story And Vikings, Meaning they will be available on the Prime Video service. But there are many people who are not fans of Amazon and, after Prime Video’s focus on streaming, what will be its impact on cinema releases and physical media? This is still unknown and we will gain clarity on this issue in the coming months. This shows the continued push for streaming as another stunning studio now looks to become streaming-first, similar to the 20th-century studio.