Amazon looks like it’s taken a sizeable step towards owning its own movie studio, as a huge offer goes in for MGM.
Sooner or later, went the theory, one of the major streaming services would snap up either a cinema chain or a movie studio, and get their feet firmly under the table of the traditional business. It’s been several months now since rumours spread that MGM’s for sale. These two elements of story now appear to be coming together.
It’s being reported this morning that Amazon has bid a bit of its small change, $9bn, to acquire the MGM studios, presumably with free shipping included for that price.
It’s the size of the MGM library that’s one of the core attractions for Amazon, with thousands of movies and TV shows in its library. Furthermore, some big names too: Rocky, James Bond, RoboCop, Stargate… it’s quite a list.
We’re at the stage of the negotiation where nobody is really saying anything, and as such it’s a bit wait and see for the minute. But Amazon has the wallet to tackle a deal like this, and MGM is for sale.
More as we hear it…
—
Thank you for visiting! If you’d like to support our attempts to make a non-clickbaity movie website:
Follow Film Stories on Twitter here, and on Facebook here.
Buy our Film Stories and Film Stories Junior print magazines here.
Become a Patron here.
Related Stories
- No James Bond announcement at Honorary Oscars, but producers thank Amazon MGM
If there's frost between Eon Productions and Amazon MGM over the James Bond films, there was no evidence at the weekend.
Over the weekend, the producers of the James Bond series, Barbara Broccoli and Michael G Wilson, received their honorary Oscar over the weekend. They picked up their gongs at The 15th Governors Awards, alongside other [...]
- James Bond 26 | New report suggests Amazon/EON friction at heart of new film delay
The James Bond saga remains in limbo, and a new report suggests that disagreements between Barbara Broccoli and Amazon are the hold-up.
There’s been a deep-seated suspicion that all hasn’t been well behind the scenes of the James Bond saga. Ever since the release of No Time To Die, there’s been no sign of a new [...]
- Chitty Chitty Bang Bang | Matilda and Pride’s Matthew Warchus to direct new version
Amazon and EON are bringing Chitty Chitty Bang Bang back to the screen, and Matthew Warchus has signed up to direct the movie.
EON Productions might be taking its time over wherever the James Bond saga is going next, but it’s got a different Ian Fleming-linked project up and running with Amazon MGM. Seems to be [...]
- Sophie Turner set to play Lara Croft
Sophie Turner seems to have won the battle to become Lara Croft in Amazon's new Tomb Raider series, due to begin production soon.
Amazon's upcoming television adaption of Tomb Raider looks to have its most vital element now in place: Game Of Thrones' Sophie Turner has reportedly won the race to play Lara Croft, one [...]
- Secret Level | Full trailer for new animated series from makers of Love, Death & Robots
A new trailer has emerged for Secret Level, a videogame-themed, animated anthology series from the creators of Love, Death & Robots.
Hopes are high that Amazon's upcoming Secret Level series will be that rarest of unicorns: an incredible video game adaptation. Of course, these rarities do exist, HBO's The Last Of Us being generally regarded as [...]
