Amazon is the world's largest company, and in fact, there is no area where Amazon doesn't have its mark. Amazon eventually got weary of all the other tech giants buying up film studios and decided to get one itself, and acquired one of the most iconic film studios MGM (Metro Goldwyn Mayer) for $8.5 billion.
Amazon, in a press release, said that it intends to “preserve MGM’s heritage”. And since MGM had been trying to find a client for years amid a rapidly shifting market, Amazon acquiring such heritage is just golden luck to the company. This deal is also motivated by Amazon’s drive to be a legitimate player in Hollywood.
The Legacy of MGM
MGM houses the most lovable franchises in the decades we have seen, and some of the best are its James Bond films. The studio brags a massive catalogue of over 4,000 movies and 17,000 TV shows. Aside from James Bond Franchise, it also owns The Handmaid’s Tale Franchise, Rocky Franchise, Pink Panther Franchise, Vikings Franchise and even more than you expect.
The upcoming movies from the studios include the Bond film ‘No Time to Die’. It also has quite a few exciting releases in the pipeline apart from the bond series, consisting of The Addams Family 2, House of Gucci, Respect, and the untitled Paul Thomas Anderson film.
As reported by Variety, MGM began looking for a buyer back in December itself. While both Apple and Comcast had reportedly assumed acquiring the company, but a deal couldn’t be reached. Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios, in a statement said:
The MGM obtainment will enable Amazon to provide a reinvigorated platform to MGM’s significant movies, and better compete against other streaming platforms. Amazon’s Prime Video is still way behind when compared to Netflix in terms of subscriber base. Amazon will also have to think about the new streaming giant that will be created after AT&T’s, Warner-Media and Discovery’s merger next year.
Did you ever wonder the fact that MGM is worth two Marvels? Yes, Disney acquired Marvel for $4 billion in 2009 and Lucasfilm for $4.05 billion in 2012, then merged them with Pixar, Disney, and National Geographic for Disney+ in 2019. That comes off like a sweet deal next to the $71.3 billion Disney paid for 20th Century Fox’s movie studios and non-news television networks.
It also emphasizes how MGM, one of the oldest movie studios in America, has thrown away the lead it once had in the industry to be sold for less than ten billion. Warner Media is being sold off and merged with Discovery for $43 billion for a better play against Disney+, Netflix, and Universal’s Peacock after AT&T bought the brands in the $108 billion Time Warner gain back in 2018.
Altogether these numbers are pretty notional yet, so let’s take a look at what $8.5 billion can get you in more critical terms:
Purchase James Bond
The Amazon acquisition might rewrite No Time To Die’s release plans (Like literally, this movie has postponed so many time that people have even lost track of how many times, honestly). But it also implies that the James Bond collection will likely land on Prime Video after living dispersed on various platforms for the prior decade.
The question is, If you expected to spend those sweet, sweet billions on the utmost Bond experience, here’s what that would get you: 6,470 Aston Martin DB5 spy cars, 314.8 million shaken vodka martinis at Dukes Bar in London, 1.6 million tuxedos and a lot more of what you desired.
What's a movie without a snack!
What’s the point of enjoying movies without some nice snacks when watching and whisper to your friends about the film. From rich meals to fast food, here’s how and what you could eat: A giant Sixty billion homemade chocolate chip cookies, 1.7 billion cheeseburgers, 950,000,000 large movie theatre popcorn, 1.3 billion large cokes, 3.5 billion breakfast tacos and more etc.
Amazon Shopping Celebration
Amazon is the most prominent names around the globe and sells absurd things at all price points on its store, like literally anything. Here are a few of the other ways they could spend $8.5 billion within the company itself.
70.8 million 1-year Amazon Prime memberships, 851 million months of Amazon Music, 42.5 million Echo Studio speakers, etc. Amazon could even provide $6,500 to each of its 1.3 million U.S employees who overworked during last year’s pandemic.
But what would you spend $8.5 billion on? All the food you could ever eat or the super expensive life of a worldwide spy? Comment below and let us know.