{"id":260074,"date":"2021-05-26T19:55:40","date_gmt":"2021-05-26T16:55:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/amazon-steps-through-the-stargate-with-mgm-purchase-review-geek\/"},"modified":"2021-05-26T19:55:40","modified_gmt":"2021-05-26T16:55:40","slug":"amazon-steps-through-the-stargate-with-mgm-purchase-review-geek","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/amazon-steps-through-the-stargate-with-mgm-purchase-review-geek\/","title":{"rendered":"#Amazon Steps through the Stargate with MGM Purchase \u2013 Review Geek"},"content":{"rendered":"

“#Amazon Steps through the Stargate with MGM Purchase \u2013 Review Geek”<\/strong><\/p>\n

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\"The
MGM<\/span><\/figcaption><\/figure>\n

If you want to run a successful streaming service, you have to gobble up old movie studios and their collection of IP. Amazon announced<\/a> that it is buying MGM for $8.45 billion, securing the rights to James Bond<\/em>, Robocop<\/em>, Stargate<\/em>, Rocky<\/em>, The Pink Panther<\/em> and thousands of other titles.<\/p>\n

MGM was founded in 1924, and in its nearly 100-year history, it has produced over 4,000 movies<\/a> and 17,000 TV shows. The studio has dipped its toes into nearly every format and genre, including cartoons and made-for-TV adaptations of books, and is currently working on titles like House of Gucci<\/em>, the\u00a0Aretha Franklin biopic Respect<\/em>,\u00a0No Time to Die,<\/em> The Addams Family 2<\/em>, and a Paul Thomas Anderson film.<\/p>\n

Needless to say, acquiring MGM will greatly expand Amazon\u2019s Prime Video library and place the company in a position to develop sequels for beloved franchises. The deal will also diminish rival streaming services\u2019 libraries, as Prime Video will become the only service to host some of MGM\u2019s classics. (Of course, this change will happ<\/a>en slowly, as Amazon has to respect contracts written before the MGM acquisition.)<\/p>\n

The idea that Amazon can buy an iconic studio like MGM might come as a surprise, even for the high price of $8.4 billion. But MGM isn\u2019t as profitable as it used to be. The studio has had a rough time navigating the last few decades, having been bought and sold several times by Kirk Kerkorian<\/a> before falling in the hands of a consortium. After filing for bankruptcy<\/a> in 2010, the studio was taken over by creditors, who are (probably) glad to see it fall under Amazon\u2019s control.<\/p>\n

As with any major acquisition, Amazon\u2019s MGM purchase is still pending. But it will probably pass through lawmakers\u2019 desks without a hitch, given what we saw when Disney bought Fox, or when AT&T bought Time Warner, or when Viacom bought CBS, or when AT&T bought DirecTV, or when T-Mobile bought Sprint, and so on.<\/p>\n

Source: Amazon<\/a><\/small>\n<\/div>\n