Amazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands

Reuters2021-05-26

(Reuters) -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ...

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Comments

Sheryl85
2021-05-27
Sheryl85
wow
- CL777ReplySheryl85:
  [Cool]
- Sheryl85:
  [Shy]
- CL777:
  Yea
- Sheryl85:
  [Happy]
- Sheryl85:
  [Happy]
LuluDog
2021-05-27
LuluDog
Overall I think this is positive. They really need something for prime video plus they will surely follow Disney playbook and somehow make money off all the characters of the movies.
SalTheFun
2021-05-27
SalTheFun
Interesting...... MGM will have big sales with Amazon online shop????? Waiting
RichTee
2021-05-27
RichTee
Nice
- MOON88:
  I think can buy and keep
PooYen
2021-05-27
PooYen
Please like and comment. Thanks. [Smile] [Happy] [Cool] [Smile] [Cool]
- Jimmy_Lim:
  [微笑]
Gamestonk
2021-05-27
Gamestonk
Wow
- Gamestonk:
  Wow
- PooYen:
  Please like and comment. Thanks. ‌[Smile] ‌‌[Happy] ‌‌‌[Cool] ‌‌[Smile] ‌‌[Cool]

Leave a comment

190

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It's very exciting and provides so many opportunities for high-quality storytelling,\" said Mike Hopkins, senior vice president of Prime Video and Amazon Studios.Amazon's Prime Video faces a long list of competitors including Netflix Inc (NASDAQ:NFLX), WaltDisney(NYSE:DIS) Co's Disney+, HBO Max and Apple Inc (NASDAQ:AAPL)'s Apple TV+. The companies are increasing spending and expanding in international markets, aiming to capture the pandemic-led shift to binge-watching shows online.Amazon has also made big bets courting fans of live sports and has picked up lucrative licenses to stream games, including a long-term deal with the National Football League that was estimated to cost about $1 billion per year.The proliferating streaming services are also scrambling for brands that they can expand and libraries of older shows and movies. Analysts have said this is a big motivation for another round of consolidation of media properties after a brief hiatus during the pandemic.Underscoring the trend, AT&T Inc (NYSE:T) announced a $43-billion deal last week to spin out its WarnerMedia business and combine it with Discovery (NASDAQ:DISCA) Inc, one of the most ambitious yet in the streaming era.\"Amazon is seeking to become a more prominent player in the entertainment world, and there's no better way to do that than by buying one of the most iconic movie studios in Hollywood,\" said Jesse Cohen, senior analyst at Investing.com. \"It's all about content as the streaming war heats up.\"The acquisition is Amazon’s second-biggest after Whole Foods Market, which it bought for $13.7 billion in 2017.The price represents a lofty premium relative to other deals. The price is about 37 times MGM’s 2021 estimated EBITDA - or almost triple the enterprise value-to-EBITDA multiple that Discovery’s deal implied for AT&T’s content assets - according to Reuters Breakingviews.MGM started a formal sale process in December, when it was estimated to be worth about $5.5 billion.The deal can be viewed as a doubling down on business strategy that Jeff Bezos, Amazon’s CEO, articulated at a conference in 2016: “When we win a Golden Globe, it helps us sell more shoes,” he had said, referring to Amazon's diverse business divisions.In April, Amazon posted its fourth consecutive record quarterly profit and boasted more than 200 million Prime loyalty subscribers.Amazon shares rose 0.3% in early trading.LUCRATIVE FRANCHISE RIGHTSAmazon has picked up Academy Awards over the years and slowly moved from art-house fare toward content with wider appeal. The MGM acquisition accelerates that move, giving it rights to James Bond, one of the most lucrative franchises in film history that’s earned nearly $7 billion at the box office globally, according to MGM.MGM also has a massive library of classic films including \"Rocky,\" \"Moonstruck,\" and \"The Silence of the Lambs.\"The potential to mine this intellectual property, by making new shows and films based on popular characters, will help Amazon draw viewers to Prime, two former Amazon executives told Reuters.Still, efforts by Amazon to profit off MGM's library won’t be easy, or cheap.In many cases, MGM’s content is tied up in multi-year deals with television networks, the former Amazon executives said. Amazon cannot air MGM’s reality show “The Voice,” for instance, which contractually is in the hands of NBC.Bringing a new installment of the James Bond saga to Prime viewers may be a particularly difficult task, the sources said. The terms under which MGM acquired the franchise leave control in the hands of the Broccoli family, the Bond films’ producers.News of the acquisition followed quickly on the return of Jeff Blackburn, Amazon’s former senior vice president overseeing content and M&A, who had left early this year.Incoming Amazon CEO Andy Jassy had particular trust in Blackburn after decades at Amazon together, hoping he'd shepherd a complicated merger, the sources said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":132349697,"gmtCreate":1622073725819,"gmtModify":1704178817066,"author":{"id":"3563253186452228","authorId":"3563253186452228","name":"Sheryl85","avatar":"https://static.tigerbbs.com/b7a9183a9332355f694e2f0af874b0ed","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/132349697","repostId":1113786599,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4522268,"gmtCreate":1622505946776,"gmtModify":1680792260449,"authorId":3560241002253187,"author":{"id":3560241002253187,"authorId":3560241002253187,"name":"CL777","avatar":"https://static.tigerbbs.com/e9aef3dd830373a0427a3447b1b564e3","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3563253186452228,"repliedAuthor":{"id":3563253186452228,"authorId":3563253186452228,"name":"Sheryl85","avatar":"https://static.tigerbbs.com/b7a9183a9332355f694e2f0af874b0ed","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":132349697,"type":1,"supId":4521945,"prevId":4522200,"content":"[Cool]","text":"[Cool]","html":"[Cool]"},{"id":4522200,"gmtCreate":1622505685513,"gmtModify":1680792253872,"authorId":3563253186452228,"author":{"id":3563253186452228,"authorId":3563253186452228,"name":"Sheryl85","avatar":"https://static.tigerbbs.com/b7a9183a9332355f694e2f0af874b0ed","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132349697,"type":1,"supId":4521945,"prevId":0,"content":"[Shy]","text":"[Shy]","html":"[Shy]"},{"id":4521945,"gmtCreate":1622504853261,"gmtModify":1680792245304,"authorId":3560241002253187,"author":{"id":3560241002253187,"authorId":3560241002253187,"name":"CL777","avatar":"https://static.tigerbbs.com/e9aef3dd830373a0427a3447b1b564e3","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132349697,"type":1,"supId":0,"prevId":0,"content":"Yea","text":"Yea","html":"Yea"},{"id":4463891,"gmtCreate":1622076856130,"gmtModify":1680791223844,"authorId":3563253186452228,"author":{"id":3563253186452228,"authorId":3563253186452228,"name":"Sheryl85","avatar":"https://static.tigerbbs.com/b7a9183a9332355f694e2f0af874b0ed","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132349697,"type":1,"supId":4463000,"prevId":0,"content":"[Happy]","text":"[Happy]","html":"[Happy]"},{"id":4463886,"gmtCreate":1622076849668,"gmtModify":1680791220812,"authorId":3563253186452228,"author":{"id":3563253186452228,"authorId":3563253186452228,"name":"Sheryl85","avatar":"https://static.tigerbbs.com/b7a9183a9332355f694e2f0af874b0ed","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132349697,"type":1,"supId":4463533,"prevId":0,"content":"[Happy]","text":"[Happy]","html":"[Happy]"}],"langContent":"EN"},{"id":132352964,"gmtCreate":1622073549858,"gmtModify":1704178809110,"author":{"id":"3581546699205694","authorId":"3581546699205694","name":"LuluDog","avatar":"https://static.tigerbbs.com/3907b71bbdbc645cd47ba9a5e5798afe","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"&nbsp;Overall I think this is positive. They really need something for prime video plus they will surely follow Disney playbook and somehow make money off all the characters of the movies.","listText":"&nbsp;Overall I think this is positive. They really need something for prime video plus they will surely follow Disney playbook and somehow make money off all the characters of the movies.","text":"Overall I think this is positive. They really need something for prime video plus they will surely follow Disney playbook and somehow make money off all the characters of the movies.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132352964","repostId":1113786599,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132324258,"gmtCreate":1622073312874,"gmtModify":1704178798355,"author":{"id":"3579809773434763","authorId":"3579809773434763","name":"SalTheFun","avatar":"https://static.tigerbbs.com/69c72146aa04d3efddd999f936505379","vip":1,"crmLevel":8,"crmLevelSwitch":1},"htmlText":"Interesting...... MGM will have&nbsp;big sales with Amazon online shop????? Waiting&nbsp;","listText":"Interesting...... MGM will have&nbsp;big sales with Amazon online shop????? Waiting&nbsp;","text":"Interesting...... MGM will have big sales with Amazon online shop????? Waiting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132324258","repostId":1113786599,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132364186,"gmtCreate":1622072888645,"gmtModify":1704178785429,"author":{"id":"3582291091769891","authorId":"3582291091769891","name":"RichTee","avatar":"https://static.tigerbbs.com/6d1b850ce27aa1d55b877917181b0ccd","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132364186","repostId":1113786599,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4462615,"gmtCreate":1622073157727,"gmtModify":1680791190280,"authorId":3575859659136593,"author":{"id":3575859659136593,"authorId":3575859659136593,"name":"MOON88","avatar":"https://static.tigerbbs.com/f09b0d1b368ce9762e9af5a440d99d98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132364186,"type":1,"supId":0,"prevId":0,"content":"I think can buy and keep","text":"I think can buy and keep","html":"I think can buy and keep"}],"langContent":"EN"},{"id":132381260,"gmtCreate":1622072276850,"gmtModify":1704178764123,"author":{"id":"3576743360399762","authorId":"3576743360399762","name":"PooYen","avatar":"https://static.tigerbbs.com/90f2bad6620330727869f3a5a51a046a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment. Thanks. [Smile] [Happy] [Cool] [Smile] [Cool]&nbsp;","listText":"Please like and comment. Thanks. [Smile] [Happy] [Cool] [Smile] [Cool]&nbsp;","text":"Please like and comment. Thanks. [Smile] [Happy] [Cool] [Smile] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132381260","repostId":1113786599,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465258,"gmtCreate":1622080981288,"gmtModify":1680791236525,"authorId":3581248195467606,"author":{"id":3581248195467606,"authorId":3581248195467606,"name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132381260,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"EN"},{"id":132380738,"gmtCreate":1622072203124,"gmtModify":1704178760686,"author":{"id":"3575009081709881","authorId":"3575009081709881","name":"Gamestonk","avatar":"https://static.tigerbbs.com/0fca263e180995788f829a20ba7eb602","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132380738","repostId":1113786599,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4463444,"gmtCreate":1622075463022,"gmtModify":1680791211242,"authorId":3575009081709881,"author":{"id":3575009081709881,"authorId":3575009081709881,"name":"Gamestonk","avatar":"https://static.tigerbbs.com/0fca263e180995788f829a20ba7eb602","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132380738,"type":1,"supId":4462324,"prevId":0,"content":"Wow","text":"Wow","html":"Wow"},{"id":4462324,"gmtCreate":1622072290897,"gmtModify":1680791189747,"authorId":3576743360399762,"author":{"id":3576743360399762,"authorId":3576743360399762,"name":"PooYen","avatar":"https://static.tigerbbs.com/90f2bad6620330727869f3a5a51a046a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132380738,"type":1,"supId":0,"prevId":0,"content":"Please like and comment. Thanks. ‌[Smile] ‌‌[Happy] ‌‌‌[Cool] ‌‌[Smile] ‌‌[Cool] ","text":"Please like and comment. Thanks. ‌[Smile] ‌‌[Happy] ‌‌‌[Cool] ‌‌[Smile] ‌‌[Cool] ","html":"Please like and comment. Thanks. ‌[Smile] ‌‌[Happy] ‌‌‌[Cool] ‌‌[Smile] ‌‌[Cool] "}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":190,"commentSize":74,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1113786599"}