Amazon is in talks to shop for MGM for $9 billion


James Bond, The Handmaid’s Story, Rocky, Stargate, Robocop, Legally Blonde, Vikings, a historic catalog of movies relationship again many a long time, an array of manufacturing and distribution firms, and the content material community Epix — those are the issues that Amazon would possibly personal if it buys storied movie massive MGM for billions of greenbacks within the very close to long term.

Amazon has reportedly introduced $9 billion for the corporate, according to Variety, following a scoop from The Information previous within the day that advised a variety of $7-10 billion for a possible deal, and Selection means that $9 billion used to be additionally the volume that MGM used to be reportedly hoping to get.

Between the ones elements, the truth that MGM has been up on the market since December 2020, and the sudden existence of a new media giant that will see AT&T spin off WarnerMedia and combine it with Discovery, it wouldn’t be very unexpected if Amazon and MGM made a deal. The Data used to be somewhat much less bullish in its document as of late, even though, writing that “The standing of Amazon’s discussions with MGM is unclear and it’s imaginable no deal will consequence.”

In December, The Guardian reported that MGM has a library of four,000 movies and 17,000 hours of TV. James Bond specifically is one of the most valuable film franchises ever made — an inventory that’s best rising smaller because the Disney umbrella and Wonder Cinematic Universe swallow as many competitors as it may.



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