Amazon has confirmed its acquisition of MGM – the parent company of the James Bond series – for an estimated $ 8.45 billion. The studio, which has a long and rich history in the film world, also owns series like Rocky.
It’s by strain, and a accord has been rumored for a little while now. In total, THR reports that MGM has a library of over 4,000 movies and 17,000 hours of television. This acquisition is expected to provide a massive boost to Amazon Prime’s content library.
MGM shares the rights to James Bond with Eon Productions, and Variety notes that this means that Amazon is unlikely to do anything as daring as releasing the upcoming Bond film No Time To Die on its service. streaming. Still, in terms of the backlog of content and properties, it’s a big deal for Amazon.
“The real financial value of this deal is the treasure of [intellectual property] in the complete catalog that we plan to reinvent and develop with the talented team at MGM, ”says Mike Hopkins of Amazon.
Movies Amazon mentioned in the ad included Rocky, Poltergeist, Silence of the Lambs, Robocop, and The Magnificent Seven – giving you an idea of the kind of content you’re likely to see making a permanent home on the streamer. MGM also does shows like Fargo, The Handmaid’s Tale and Vikings. It is therefore an important purchase.
James Bond is also a key part of it – Variety notes that Amazon is “anticipating” the possibility of using properties like Bond, Pink Panther and Rocky for new originals.