It looks like Amazon has just acquired a major studio, and with that comes thousands of hours’ worth of content for the streaming service.
As per The Verge, Amazon has just struck a deal to purchase Metro Goldwyn Mayer (or MGM) for $8.45 billion. The purchase of the studio is said to earn Amazon over 4000 films and 17,000 hours of television with properties like 12 Angry Men to modern television shows like The Handmaid’s Tale and Vikings. MGM also gives Amazon rights to reality shows like Shark Tank and The Voice.
Senior VP of Prime Video Mike Hopkins, who was also said to have orchestrated the deal, had this to say about the acquisition:
“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team… It’s very exciting and provides so many opportunities for high-quality storytelling.”
Several franchises under the MGM banner include the Robocop films as well as Rocky, Legally Blonde, and the Hobbit movies. Of course, the biggest franchise under MGM is the Bond movies, and with Daniel Craig set to end his run with No Time to Die, this acquisition comes in perfect timing with a reboot of the character.
With the MGM franchises kind of waning down over the past few years, hopefully the Amazon streaming service can bring some new life into the studio’s properties. Besides the Bond movies, there’s just so much more to explore down the line.
In the meantime, fans wait for the long-delayed No Time to Die which is now set to release this Oct. 8.