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Amazon could buy MGM for $ 9 billion

According to Variety, Amazon is in talks with the studios behind James Bond. Jeff Bezos’ firm could buy them back for as little as $ 9 billion.

Metro-Goldwin-Mayer Inc is about to let out its last roar. The Lion Studio had been looking for a buyer since last December. It looks like he’s finally found it, and as you might expect, it’s on the SVOD streaming platform that you have to look for. According to Deadline, Amazon has been in talks with MGM for several weeks. The deal would be orchestrated by Mike Hopkins, Vice President of Amazon Studios and Kevin Ulrich, Chairman of the MGM Board of Directors. If no information has been confirmed by the two entities, the amount disbursed by Amazon would be much higher than the studios’ expectations. In fact, last December, MGM valued its company at more than $ 5.5 billion. Amazon could finally buy it back for 9 billion. On the other hand, we will still have to wait for the official statements from Amazon to be clear about it. This redemption should not be completed for several months, as is often the case in this type of transaction.

James Bond will land on Amazon Prime Video?

If Amazon finally gets hold of MGM, the platform will be able to enrich its catalog with many new productions. Among the films produced by the studio founded in 1924 by Marcus Loew, we find those of the most famous spy. The James Bond saga, which is about to return to our screens next October, could therefore change sides and join the ranks of Jeff Bezos’ streaming service. It will not be the only one since the large catalog of the MGM also includes the trilogy The Hobbits, Rocky, Thesilenceofthelambs, 4 weddings and a funeral but also series like Stargate SG-1, The Handmaid’s Tale or Fargo. This is all content that can come and expand the ranks of Prime Video, if this redemption is validated. This could also allow the firm to take its offer beyond its simple platform, by investing in dark rooms. Thus, Prime Video would become a size contender for disney which can already boast of playing on all fronts, in cinemas and on its streaming service.

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