Amazon to buy Hollywood studio is grand news ever by any online shopping platform. The big and famous Metro Golden Meyer (MGM) film studio for $ 9 billion. According to online news -There has been talking of several major companies, including Amazon, trying to buy MGM, but Hollywood sources have confirmed it. Amazon’s interest in buying the studio has entered a new phase, with a budget of $ 7 billion to $ 10 billion.
— Michael Markovitz (@mmarkovitz) May 18, 2021
According to media sources, MGM Holdings, the parent company of MGM Studios, has been considering a sale since the end of last year. Amazon’s acquisition of MGM Studios will be a significant move forward for its Prime streaming service.
MGM Studios has a vast library of films and television shows spanning the last ten decades, from Hollywood’s Golden Age to the present. It is the setting for some of the most popular films of all time, such as Ben-Hur and The Wizard of Oz. It is best known for producing the James Bond film franchise and the television series The Handmaid’s Tale.
Warner Bros. announced a partnership
On Monday, Warner Bros. Entertainment, which owns the Harry Potter and Batman franchises, and Discovery’s home, food, nature, and science shows announced a partnership.
Warner Media is a company owned by Warner Bros. With shows like Game of Thrones and Succession under its belt, HBO and HBO Max now have about 64 million subscribers worldwide. However, it is currently outstripped by larger competitors such as Netflix, which has 208 million users, and Disney+, which has over 100 million.
Discovery, which owns Animal Planet and the Discovery Channel, covers more than 88 million US households, with 15 million subscribers to its Discovery+ streaming service, which launched in January. “This is a streaming arms race, and AT&T is making an aggressive strategic move to bulk up its content in the fight against Netflix, Disney, and Amazon,” Wedbush Securities analyst Dan Ives told the BBC.
MGM executives, who have been finding a buyer since late last year, are considering offers and it is said that the $ 9 billion price tag for this large and old film studio has been set, while others have announced the price of $ 5 billion.
Amazon and its member in the world
Amazon currently has more than 200 million Prime members worldwide and last year, 175 million of these members used online show content and the company is trying to expand this part of its business by purchasing a large collection of MGM movies and series.
Metro Golden Mayer (MGM) claims to have one of the largest movie and TV series in the world and in the studio’s list of 4,000 films, a series of famous films such as “James Bond”, “The World of Warcraft”, “Rocky”, “RoboCup” and “Pink Panther” along with films such as “Silence of the Lambs”, “Seven Wonders” And “four weddings and one burial” are seen.
The studio also has the right to broadcast 17,000 episodes of television series, including “Vikings”, “Fargo”, “The Tale of Nadima”, “Fame”, “American Gladiators”, “Stargate”, etc.
The media and entertainment sector is only a small part of the great Amazon empire and last year, the company spent $ 11 billion on movies, series and music for its prime and online show services, up 40 per cent from last year. Amazon to buy Hollywood studio would be a really big step in this era of the pandemic.