Amazon is proud to announce today that it has signed an agreement to purchase Metro Goldwyn Mayer (MGM) for the tidy $ 8.45 billion. Enough to allow the American giant to improve its Amazon Prime Video offering with some of the films and series from yesterday and today that are particularly appreciated by millions of fans around the world.
Amazon offers the legendary MGM studios
The rumors were therefore founded, Amazon has MGM studios in their sights. For Jeff Bezos’ company, the goal is obviously to find a place of choice in the content distribution segment through Amazon Prime Video. The MGM acquisition will allow Amazon to add significant value to its catalog, and a shame for Apple, which has been one of the potential buyers for a while.
“MGM has an extensive catalog of over 4,000 films and 17,000 television series including Fargo, The Handmaid’s Tale, Stargate and Vikings, which together have won over 180 Academy Awards and 100 Emmys,” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios. “The real financial value of this transaction is the wealth of intellectual property in the vast catalog that we are working with the talented team at MGM to redefine and develop. It’s very exciting and offers many opportunities for high quality storytelling. “
Remember that the MGM catalog has many very popular productions such as Basic Instinct, Creed, James Bond, Gone With the Wind, Poltergeist, Raging Bull, Robocop, Rocky, Le Silence des Agneaux, Stargate, Thelma and Louise, Tomb Raider and The Pink contains panthers… Of course, without forgetting the films from the James Bond saga.
To see now whether Amazon will keep MGM’s cinematographic pedigree (which will celebrate its 100th anniversary in 2024!), Or whether the American group will take the opportunity to grant itself the exclusivity of certain content via Amazon Prime Video. We are thinking in particular of House of Gucci, Respect or the next James Bond, No Time to Die. Please note that completion of this transaction is subject to regulatory approvals and other customary sales conditions for the time being.