Amazon buys MGM, the studio behind James Bond

Amazon is buying MGM Studios for $ 8.45 billion, the company said on Wednesday. MGM is co-owner of the James Bond franchise with Eon Productions.

The $ 8.45 billion deal provides Amazon with an extensive library of movie and TV shows to fill its Prime Video content boxes. According to Mike Hopkins, head of Prime Video and Amazon Studios, MGM has a catalog of more than 4,000 films and 17,000 TV shows. MGM is also home to franchises like Rocky, The Handmaid’s Tale, RoboCop, Legal Blonde, and the Epix TV network.

The 97-year-old film and television studio Metro-Goldwyn-Mayer owns part of the James Bond franchise, one of Hollywood’s most famous film series. The James Bond brand, which is also controlled by Eon Productions (Barbara Broccoli and Michael G. Wilson), is one of the most successful film franchise companies at 60. The films and the character also represent a lifestyle known in all parts of the world and reaching many areas of popular culture.

With the James Bond series as part of Amazon Prime Video would be a strong proposition for Amazon in the highly competitive streaming market.

The deal is Amazon’s second-largest acquisition after paying $ 13.7 billion for Whole Foods in 2017.

Amazon has said the MGM deal is “subject to regulatory approvals and other customary closing conditions.”

The latest Bond movie No time to die is expected to open in October this year after being delayed several times due to the Covid-19 pandemic. It’s unknown if the MGM deal will change anything about the premiere date or the movie’s streaming capabilities.

Amazon’s acquisition of MGM opens up opportunities for spin-off series and new Bond films, although Amazon does not gain full control of Bond: the terms under which MGM acquired the franchise leave control of the broccoli family, Bond Film producers.

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