Amazon has purchased MGM studio for the a purchase price of $8.45 billion with IPs including James Bond, Robocop, Rocky, Tomb Raider, and many more.
In regards to the James Bond franchise, Amazon will only own 50% as the other 50% and complete creative control is still owned by Barbara Broccoli and her brother, Michael G. Wilson, who makes the decisions when to make a new James Bond film, who should play the title role and whether remakes and television spinoffs get made, with the NY Times noting they have blocked such efforts in the past.
Check out the full press release below for the details.
Amazon and MGM have signed an agreement for Amazon to acquire MGM
Metro Goldwyn Mayer’s vast library has over 4,000 beloved film titles, including 12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Thelma & Louise, Tomb Raider, The Magnificent Seven, The Pink Panther, The Thomas Crown Affair, and many other icons
MGM has one of the industry’s most exciting upcoming film slates, including House of Gucci, No Time to Die, Respect, The Addams Family 2, and the untitled Paul Thomas Anderson film
Catalog also includes 17,000 TV shows, including thousands of fan favorites like The Handmaid’s Tale, Fargo, and Vikings
Collectively, MGM has won more than 180 Academy Awards and 100 Emmys
(BUSINESS WIRE)--May 26, 2021--
“MGM has a vast catalog with more than 4,000 films—12 Angry Men, Basic Instinct, Creed,
“It has been an honor to have been a part of the incredible transformation of Metro Goldwyn Mayer. To get here took immensely talented people with a true belief in one vision. On behalf of the Board, I would like to thank the MGM team who have helped us arrive at this historic day,” said Kevin Ulrich, Chairman of the Board of Directors of MGM. “I am very proud that MGM’s Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM’s storied history with Amazon is an inspiring combination.”
Completion of this transaction is subject to regulatory approvals and other customary closing conditions.