There's another pending studio merger... As the dust settles from a potential WarnerMedia and Discovery merger, The Information is reporting that Amazon is stepping in to buy MGM. This will not only bolster their streaming library with new and old titles, but it gives them access to a studio lot they can use to prioritize more original content. The offer Amazon made to buy MGM is around $9 billion, according to Variety. MGM owns titles such as Carrie, Logan's Run, Get Shorty, The Real Housewives of Beverly Hills, The Hills and has franchises such as Creed and James Bond. It's a deep catalog full of profitable titles Amazon can use to spin into their own reboots, remakes, and intellectual property. Not to mention showcasing the popular originals. MGM has been a force in movies and television for almost 100 years. Why would MGM sell? Read More...
Published By: NoFilmSchool - Tuesday, 18 May, 2021