amazon mgm purchase billion James Bond race color no woman, Barbara Broccoli says

The reports had been coming in for weeks that Amazon was circling MGM, but today it became official. Amazon has in agreement to buy out (pending regulatory approval) the historical Hollywood studio, and all its assets, for $8.45 billion, barely a little less than the $9 billion number that had been unsettled around. It's calm a premium price for a studio that many valued closer to $5 trillion, but Virago wanted MGM's franchises and film library to bolster Amazon Prime's streaming platform.

MGM had been shopping itself roughly awhile now, but no cardinal was biting every bit the studio wanted far more than analysts (and other potential buyers) mentation it was worth. However, Virago is seeing the sale of WarnerMedia to Discovery and realizing its want to powerfully pad its streaming efforts with better-known entities. MGM delivers that to Virago, with 4,000 movies and 17,000 TV shows in its catalog along with valuable franchises suchlike Tomb Raider, Rocky, Pink Panther, RoboCop, andStargate. There are also the prestige films in MGM's lengthy library with the studio apartment claiming more than 180 Oscars and 100 Emmys. It definitely expands Amazon's streaming subroutine library in a truly drastic and quality way.

There's likewise the giant elephant in the room: James Bond. The franchise is a money-making juggernaut and the crown bejewel of MGM's IPs. However, part of the reason that other studios sawing machine MGM's value at around $5 billion is because of Bond's unique rights agreement. Eon Productions, the studio that has made every Bond film and is run by the same family that kicked the franchise off, has unimagined creative insure over the character. That means Amazon can't just run with the franchise and do whatever IT wants (TV shows, spin-offs, time period films) systematic to capitalise happening the name.

Instead, it'll need approval from Eon for anything information technology wants to do with the character, and the studio has been reluctant to do anything but the diarrheic films. Eon is also a big fan of showy releases, meaning we probably won't see James Bail bond landing place on Amazon Prime Video twenty-four hours and date any time soon. But notably, the Bond films are in transition at the here and now, with No Time to Die being Daniel Craig's last outing As the character.

No of that seems to have put a damper on the sale for Amazon, though. "The real financial value hindquarters this deal is the trove of [intellectual property] in the deep catalog that we plan to reimagine and develop conjointly with MGM's gifted team," said Mike Hopkins, senior VP of Peak Telecasting and Amazon Studios, highlighting the vast regalia of franchises the streamer can showtime spinning up. "It's very exciting and provides so many opportunities for high-quality storytelling."

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