Amazon Studios and MGM’s merger has been accomplished

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Practically a 12 months in the past, Amazon introduced plans to merge with the storied MGM studio for $8.5 billion {dollars}. Now, the deal has been accomplished, and Amazon is firmly answerable for MGM’s movie and TV library. That is nearly a century’s value of content material that options over 4,000 motion pictures, together with the James Bond movies, in addition to a tv empire that has greater than 17,000 episodes.

The $8.5 billion price ticket could also be small in comparison with the $71.3 billion that Disney paid for Fox’s entertainment property in 2019. However the end result and the endgame are the identical. Amazon wished MGM’s titles to broaden its choices on Prime Video, which was additionally the first motivation for Disney — to make use of Fox’s titles to beef up the picks on Disney+ and Hulu. The upcoming WarnerMedia and Discovery merger would be the subsequent large deal in Hollywood, but it surely most likely will not be the final.

To mark the completion of the merger, MGM’s chief working officer, Chris Brearton, launched the next assertion.

“We’re excited for MGM and its bounty of iconic manufacturers, legendary movies and tv sequence, and our unimaginable workforce and inventive companions to hitch the Prime Video household. MGM has been chargeable for the creation of a few of the most well-known and critically acclaimed movies and tv sequence of the previous century. We stay up for persevering with that custom as we head into this subsequent chapter, coming along with the good workforce at Prime Video and Amazon Studios to offer audiences with the perfect in entertainment for years to come back.”

Based on Deadline, Amazon has no plans to mess with the Bond franchise, which could be the single-most profitable property now below its management. Moreover, “Amazon is worked up by MGM’s slate and does not anticipate modifications in launch dates or on initiatives which can be in progress” and “Amazon is just not planning to make all MGM content material unique to Prime Video.”

The report additionally notes that MGM’s new house owners aren’t abandoning theatrical releases. That mentioned, the door is open for extra MGM motion pictures to be Prime Video exclusives.

MGM’s Licorice Pizza can be nominated for Finest Image at this 12 months’s Academy Awards. If it wins, it would turn into Amazon’s first-ever Oscar in that class.

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