In transient: Amazon’s acquisition of MGM has lastly been accomplished. So any longer, MGM’s 4,000 motion pictures, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards now “belong” to Amazon and can most likely be launched to Amazon Prime Video quickly.
Amazon introduced it might buy MGM in 2021 for $8.45 million, however like most acquisitions from massive firms, they must be reviewed by FTC. Rumor was the authority would problem the deal, however virtually a 12 months has handed for the reason that announcement, and nothing occurred.
Earlier this month, a separate report claimed Amazon had despatched all the required knowledge to FTC so they may consider the acquisition. Moreover, it knowledgeable the company that it might shut the take care of MGM in mid-March, even when the FTC did not reply throughout the deadline.
Amazon saved its phrase and introduced the deal to purchase MGM was full, introducing the practically century-old media firm to Amazon Studios. As a end result, MGM’s huge lineup of flicks like Thelma & Louise, The Silence of the Lambs, The Magnificent Seven, Raging Bull, and older classics will quickly be built-in into Amazon Prime Video. Additionally, long-running franchises comparable to James Bond, Rocky, and others, will finally turn into out there.
So excited to share that MGM is now a part of Prime Video and Amazon Studios
— MGM Studios (@mgmstudios) March 17, 2022
“MGM has an almost century-long legacy of manufacturing distinctive leisure, and we share their dedication to delivering a broad slate of authentic movies and tv reveals to a worldwide viewers,” stated Mike Hopkins, SVP of Prime Video and Amazon Studios. “We welcome MGM staff, creators, and expertise to Prime Video and Amazon Studios, and we sit up for working collectively to create much more alternatives to ship high quality storytelling to our clients.”
Amazon’s acquisition of MGM will certainly broaden its Prime Video lineup, however the tech big is not the one one pulling extra content material to its platform. Less than a 12 months in the past, WarnerMedia introduced it might merge with Discovery to create a brand new world leisure firm. For now, HBO Max (Warner) and Discovery+ are nonetheless two separate apps, however as soon as the merger closes, the 2 will mix into an enormous streaming service.