Preparing for another deal, Amazon may buy James Bond film making company MGM
Following the announcement of the merger of Warner Media and Discovery Media, the legendary e-commerce company Amazon is now in talks to acquire Metro Goldwyn Mayer (MGM). It will compete directly with major companies like Netflix. According to news, the Information and other media, the deal could cost between five and 10 billion dollars.
MGM has rights to broadcast the James Bond series
The MGM company has rights to all animation films, as well as broadcast, performance and distribution rights for all James Bond films. In addition to James Bond, MGM Studios also has intellectual property rights to the film series Rocky and all TV shows.
MGM is one of Hollywood’s premier studios
A report by a news agency stated that MGM has a library of 4000 movies and 17,000 hours of TV, including RoboCop, The Pink Panther, The Silence of Lambs, etc. MGM was established in 1924 and the deal would lead to a change in ownership of MGM. MGM is one of Hollywood’s premier studios.
Warner Media merges Discovery Media
The US telecom company AT&T recently announced the merger of its Warner Media unit, which owns CNN and HBO, and Discovery Media. It is being told that AT&T’s media business can be merged with Discovery’s reality-TV empire to form a large media holdings company. The move will compete with Netflix Corporation and the Walt Disney Company. This is a significant change in AT & T’s strategy. Under this, the telecom and media business will be unified. AT&T will receive $43 billion when the deal is completed. AT&T’s shareholders will hold a 71% stake in the new company, while Discovery Media shareholders will hold 29%.
