Amazon is in talks to buy MGM for $9 billion

James Bond, The Handmaid’s Tale, Rocky, Stargate, Robocop, Legally Blonde, Vikings, a historic catalog of movies courting again many a long time, an array of manufacturing and distribution firms, and the content material community Epix — these are the issues that Amazon would possibly personal if it buys storied movie big MGM for billions of {dollars} in the very close to future.

Amazon has reportedly provided $9 billion for the corporate, according to Variety, following a scoop from The Information earlier in the day that urged a variety of $7-10 billion for a possible deal, and Variety means that $9 billion was additionally the quantity that MGM was reportedly hoping to get.

Between these components, the truth that MGM has been up for sale since December 2020, and the jealousy that comes with the sudden impending existence of a brand new media big earlier at present as AT&T spins off WarnerMedia and combines it with Discovery, it wouldn’t be very shocking if Amazon and MGM made a deal. The Information was barely much less bullish in its report at present, although, writing that “The status of Amazon’s discussions with MGM is unclear and it’s possible no deal will result.”

In December, The Guardian reported that MGM has a library of 4,000 movies and 17,000 hours of TV. James Bond in explicit is one of the most valuable film franchises ever made — an inventory that’s solely rising smaller because the Disney umbrella and Marvel Cinematic Universe swallow as many rivals as it might.



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