Thursday 27 May 2021

Amazon buys James Bond studio MGM

The name's Prime, Amazon Prime. Amazon has bought Metro-Goldwyn-Mayer (MGM) bringing James Bond to Amazon Prime.

“The real financial value behind this deal is the treasure trove of [intellectual property] in the deep catalog that we plan to reimagine and develop together with MGM’s talented team,” Mike Hopkins, senior VP of Prime Video and Amazon Studios, said in announcing the deal. “It’s very exciting and provides so many opportunities for high-quality storytelling.”

Once the $8.45 billion takeover deal is completed by the end of the year, MGM will continue to operate as a brand label within the Amazon company.

Kevin Ulrich, MGM’s chairman, said in a statement, “I am very proud that MGM’s Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM’s storied history with Amazon is an inspiring combination.”

This isn't expected to have any material impact on the distribution of No Time To Die as Eon Productions, owned by the Broccoli family, has a significant say. However, the future of the James Bond franchise could be very different.

No Time To Die, Daniel Craig's delayed final outing as James Bond, is in cinemas this October.

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