When Disney bought out 20th Century studios it was certainly a shock. It was statement to all studios it was a game of survival of the fittest. Streaming services in the last 10 years have slowly risen from the flames reminded change to the game plan was a must to survive. It was only a matter of time these streaming channels would gain the clout and respects as the studios do. Now as the channels expand, one has step forward Amazon and they want to buy MGM.
Variety are reporting Amazon have been in talks to acquire MGM for $9 billion. The report also states have been in talk for several weeks in a deal that could see Prime Video get their hands on nearly 4,000 films. Not forgetting the 17,000 hours of television which could easily see many old titles being expanded into potential sequels and prequels. If the deal goes through they will have their hands a massive slice of Hollywood history.
The news of MGM looking for a buyer is not new news. We learned back in December they were looking for a buyer with more recently Amazon were monitoring things. The report did mention several amounts, everything from $5 billion up to $10 billion. No One from Amazon or MGM could confirm or deny these figures.
Amazon are certainly are on the hunt for more subscribers or at least a library that would attract more people. I was recently a member of Prime Video, it was the lack quality films made myself leave. The original content was a mixed bag Without Remorse, Coming 2 America and Borat Subsequent Moviefilm. If this deal goes through this could push Prime Video higher up the streaming channel food chain.
They hope something will be sorted in the coming weeks. If it does happen they will own the likes of The Hobbit, Rocky/Creed, RoboCop, The Pink Panther, Stargate and The Silence of the Lambs. Oh did we mention James Bond? Now there’s something, could No Time To Die when it’s finally released, will their home release be as a Amazon Prime Original?