Amazon’s MGM Buyout Completed, Now Owns Bond Movies & More
(Pocket Ribbon) – Amazon has successfully acquired MGM in an $8.45 billion (£6.44 billion) deal. That includes the entire Bond franchise.
The buyout, first announced in May 2021, was subject to regulatory approval and neither US nor EU regulators have opposed the deal.
It means that Amazon Prime Video now has access to a huge catalog of movies from the past and the future.
In addition to a library of over 4,000 films, many of which are modern classics, it contains the Bond franchise and the latest outing for 007, No Time to Die.
Other recent movies are now also owned by Amazon, including The Addams Family 2 and House of Gucci.
MGM is also the studio behind many Oscar winners, such as Silence of the Lambs, Raging Bull, Thelma & Louise, 12 Angry Men and Poltergeist.
However, the deal doesn’t include some of the studio’s best-loved oldies like The Wizard of Oz and Singin’ in the Rain previously acquired by Ted Turner and Warner Media.
“MGM has a nearly century-long history of producing exceptional entertainment, and we share their commitment to deliver a wide variety of original movies and TV shows to a global audience,” said Mike Hopkins, Senior Vice President of Prime Video.
“We welcome MGM employees, creators and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver high-quality stories to our customers.”
Written by Rik Henderson.