With Amazon looking to bolster its Prime Video offering to be a clear competitor in the streaming service world, they’ve now bought Metro-Goldwyn-Mayer (MGM) for an astounding $8.45 billion.
MGM, the movie and television studio has been around for 97 years and they’ve finally got Amazon to buy them, and for roughly 40 percent more than other prospective buyers, including Apple and Comcast.
MGM was once said to the home of “more stars than the heavens,” said Louis B. Mayer. However, they’re a shell of what they once were, with their large production lot and film library being sold off decades ago.
Sony Pictures now owns the lot and Warner Bros. owns classic MGM films such as Singin’ in the Rain, The Wizard of Oz, and Gone With the Wind.
One major thing that Amazon is getting though is the James Bond franchise. However, it does come with a couple of caveats. They will only own 50 percent of the 007 franchise. The other half is owned by Barbara Broccoli and her brother, Michael G. Wilson.
For those that may not know, In 1995, Cubby Broccoli gave control of Eon Productions, the production company responsible for the James Bond franchise to Barbara and her half-brother Michael G. Wilson; they continue to run the company to this day.
The sibling duo has creative control, they get to decide when to make a new Bond film, who will take on the title role and they get to choose if any television spinoffs get made. This is something they’ve put a kibosh on in the past.
The 25th movie in the Bond franchise, No Time to Die is scheduled to release in theaters on October 8th of this year. Universal Pictures will be handling the overseas distribution.
Now, this isn’t all that Amazon will be getting of course. MGM still has 4,000 older movies that they own, that come from two MGM divisions in United Artists and Orion, which include Rocky, RoboCop, The Pink Panther and Silence of the Lambs.
It seems Amazon Prime is going to be stacked with some great stuff to watch.