Amazon announced a takeover Metro-Goldwyn-Mayer… The deal is valued at $ 8.45 billion.
The company said MGM, which has nearly a century of filmmaking history, will be an excellent addition to Amazon Studios, which mainly focuses on the production of television programs. According to the official statement, the American corporation “will help preserve the legacy of MGM and its library of films”, as well as provide users with more convenient access to all of the studio’s existing work.
Metro-Goldwyn-Mayer catalog contains over 4,000 films and 17,000 TV episodes, allowing Amazon to expand its platform Prime Video lots of popular entertainment content. Moreover, now Amazon will be able to release new original tapes for such iconic series as “Pink Panther“,”Rocky“and”007“.
At the same time, MGM shares the rights to James Bond with Eon Productionswhich has complete control over the spy franchise and approves everything from marketing and casting to distribution model. This means that Amazon will have to obtain additional agreements for any IP activity, including the possibility of issuing “No time to die“on the Prime Video streaming service.
“The real financial value of this deal is a treasure trove of [интеллектуальной собственности] in an extensive catalog that we plan to rethink and develop together with the talented MGM team. It’s incredibly exciting and opens up many possibilities for creating [новых] high quality stories, “said Mike Hopkins, senior vice president of Prime Video and Amazon Studios.
MGM purchase is second largest for Amazon after acquisition Whole Foods for $ 13.7 billion in 2017. The company did not disclose exactly when it plans to complete the merger with MGM, which is subject to regulatory approval.
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