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Amazon Buys MGM - Gains rights to James Bond, Rocky etc


PeteJ
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MGM currently has ownership of over 4000 titles and 17,000 hours of television programming. This includes big franchises such as the James Bond films (with No Time to Die currently slated for October 8, 2021), Rocky, The Hobbit, Pink Panther, Candyman, and RoboCop as well as acclaimed TV series The Handmaid’s Tale and Stargate.

‚ÄúMGM has a vast catalog with more than 4,000 films ‚Ķ as well as 17,000 TV shows ‚Ķ that have collectively won more than 180 Academy Awards and 100 Emmys,‚ÄĚ Senior Vice President of Prime Video and¬†Amazon Studios, Mike Hopkins said. ‚ÄúThe real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM‚Äôs talented team. It‚Äôs very exciting and provides so many opportunities for high-quality storytelling.‚ÄĚ

 

The studio also has the rights to upcoming projects such as Henry Golding-led G.I. Joe spinoff Snake Eyes; the Aretha Franklin biopic Respect; Nia DaCosta’s Candyman pic; Ridley Scott’s star-studded crime drama film House of Gucci; a third Creed film; a Pink Panther reboot; Ron Howard’s Thai cave rescue film Thirteen Lives; Peter Dinklage-led musical film Cyrano; a Tomb Raider sequel starring Alicia Vikander; the long-awaited Legally Blonde sequel featuring the return of Reese Witherspoon’s Elle Woods; and George Miller’s epic fantasy film Three Thousand Years of Longing.

 

 

https://www.comingsoon.net/tv/news/1175432-amazon-to-acquire-mgm

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Blimey, who'd have thought a bookseller would end up owning one of the most famous movie studios.

 

Hopefully the back catalogue will be on prime relatively quickly.

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EON have already said Bond’s future will remain theatrical.

 

Also, MGM apparently own the company that makes the US version of The Apprentice. So people have been saying Bezos now controls the alleged Trump outtakes. 

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6 minutes ago, Danster said:

Hopefully the back catalogue will be on prime relatively quickly.

 

There is already an MGM Amazon Channel available as an add-on subscription (like Britbox and BFI Player):

 

https://www.amazon.co.uk/gp/video/storefront/ref=atv_hm_hom_c_FVXlzZ_74?contentType=subscription&contentId=mgm&benefitId=mgm

 

I wonder if MGM films will stay listed on that separate add-on subscription channel, or will be mixed into the main Prime Video catalogue? Maybe they'll only be merged once rights deals elsewhere expire?

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I feel like there’s a joke about product placement and how hideously low rent most of Amazon’s products are but I’ve just not got it.

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No need for Q anymore,  Bond will order his gadgets on the app and have them delivered in a day with Prime. Same day if he’s hanging around MI6 headquarters. 

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The proposed scene where the baddie tortures Bond in a warehouse  by getting him to pick orders for 16 hours without a toilet break were obviously deleted.

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Great news, every major franchise and IP on earth steadily getting in the hands of a few mega corporations. Looking forward to all the new creative endeavors in filmmaking this is going to sprout. Just think of all the possible crossovers lol!

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The old adage was that content was king, but as we've seen with games its not enough now to just produce good content and hope it sells enough to cover what it cost to make, you've got to have the content on these platforms like game pass, netflix, prime etc to extract the value out of them

 

As soon as that became obvious the big platform holders buying up all the content producers became a no brainer. 

 

The place it hasn't really happened is music, suspect that the streamers pay so little for that content its not worth buying out record companies to gain access.

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I think it is also partially due to the fragmentation of the market causing a "land grab". Film/media producers see the subscription money that Amazon and Netflix attract and decide to cut out the middle man and run their own streaming service (Disney for instance). To counteract this Netflix and Amazon Prime now have to buy up these catalogues and companies to keep competitive otherwise if it carries on they will have no big name production company movies as they will all have their own service.

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1 hour ago, Gotters said:

The old adage was that content was king, but as we've seen with games its not enough now to just produce good content and hope it sells enough to cover what it cost to make, you've got to have the content on these platforms like game pass, netflix, prime etc to extract the value out of them

 

As soon as that became obvious the big platform holders buying up all the content producers became a no brainer. 

 

The place it hasn't really happened is music, suspect that the streamers pay so little for that content its not worth buying out record companies to gain access.

 

Film  TV requires you to at least look at it for half an hour, whereas music can be consumed in minutes, pretty much any time, anywhere, .  So trying to lock that behind walled gardens doesn't work.

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Article speculating on how this might affect the Bond series:

 

https://www.mi6-hq.com/sections/articles/ten-questions-what-happens-to-james-bond-amazon-mgm?id=04884

 

Summary:

 

* No Time To Die's cinema release should not be affected.

* MGM recently made a deal for its streaming release to debut on Paramount+. That's not ideal for Amazon, but the regulatory approval for Amazon's MGM takeover might not be complete until October anyway. 

* DVD/BR releases and TV broadcasts of the films should continue.

* As for the upcoming game, they ask: what if Amazon were to buy IO Interactive? :o

 

* On how this might affect future production of Bond films and spin-offs:

 

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We'll be seeing Bond 26 really soon, now, right?

Probably not. Although MGM's financial uncertainty has been behind many of the delays of James Bond films in the 21st century, EON has not been rushed to produce James Bond films on a regular schedule, either. One recent notable example was EON waiting an entire year for Sam Mendes to be available to accept an offer to direct 'SPECTRE'. Also, Barbara Broccoli has increased her non-Bond production output, whether it be on stage or with small-budget films, and this is unlikely to change. The series will need a reboot after the departure of Daniel Craig following his record-breaking tenure. EON as a production company is not equipped to deal with more than one major project at a time in the same way that other major franchises have been run under bigger studios. Amazon will likely want to green-light a multi-film deal with EON on a fixed timeline, neither of which is well suited to EON's current modus operandi. It could be a source of friction. The good news is that securing the budget will not be a problem anymore.

 

I can't wait for the Felix Leiter spin-off series!

Not so fast... With Danjaq maintaining veto power over creative decisions, they can not be forced into producing anything Amazon may want. Shortly after the deal announcement, Barbara Broccoli and Michael G. Wilson gave a statement to Variety: "We are committed to continuing to make James Bond films for the worldwide theatrical audience." Although this immediately pertains to 'No Time To Die', one may read between the lines that they are reticent to move away from the blockbuster cinema format and will likely push back at attempts to create streaming series based on spin-off IP.

 

Why doesn't Amazon just buy the other 50% of rights from Danjaq?

Barbara Broccoli and Michael G. Wilson don't need the money. If they sell their 50% of the James Bond rights to Amazon, giving Amazon complete control, they will have little leverage in the entertainment industry as a tiny production company that produces loss-making Indie films. It is possible that Amazon cuts a deal with EON to green-light a schedule of James Bond films in return for funding pet projects.

 

 

 

But the most important bit of news is buried here:

 

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What else could we see?

We can probably expect to see a James Bond branded landing page on Amazon in the near future, showcasing all of the content and products they have available. Amazon may release the special content and documentaries from the past home media releases on to Prime. There is a chance too that James Bond Jr may be resurrected as Amazon will own the rights to distribute the series (Barbara Broccoli is understood to have been the force keeping the show from being released since its initial syndication run in the early 1990s).

 

:omg: I know everyone here will be looking forward to seeing this exciting cartoon again!

 

jr5.jpg.7e2ae5f324ef76651d4bd9a9f320481d.jpg

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On 27/05/2021 at 09:40, Clipper said:

I think it is also partially due to the fragmentation of the market causing a "land grab". Film/media producers see the subscription money that Amazon and Netflix attract and decide to cut out the middle man and run their own streaming service (Disney for instance). To counteract this Netflix and Amazon Prime now have to buy up these catalogues and companies to keep competitive otherwise if it carries on they will have no big name production company movies as they will all have their own service.

 

Practically all the new major entrants in TV/Film streaming have funded new exclusive content for their services.

 

MGM seems a bit like the situation with ZeniMax, a company not doing amazingly well as an independent entity looking to sell itself to the highest bidder, which just happens to be a streaming platform needing exclusive content to push their service. The previous rumours over a year ago were that Apple was the frontrunner to buy them, with all the other likely buyers being non-film companies, but Amazon have more money than sense than the competition.

 

Music streaming isn't interesting financially as none of the current platforms is printingmoney.gif, they barely make fuckall as-is.

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According to Bezos himself, the reason Amazon thought MGM was worth way more than Apple considered it worth was because of the mountain of brands they can now leverage to make new TV shows:

 

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Amazon founder, chairman and CEO Jeff Bezos said the ecommerce giant‚Äôs $8.45 billion bid for MGM was driven by a desire to obtain the storied studio‚Äôs intellectual property ‚ÄĒ and create new offshoots based on that.

 

‚ÄúWe‚Äôre looking forward to reimagining and developing the deep catalog of MGM,‚ÄĚ said Bezos, speaking Wednesday at Amazon‚Äôs annual shareholders meeting.

 

He continued, ‚ÄúThe acquisition‚Äôs thesis here is really very simple: MGM has a vast, deep catalog of much-loved intellectual property. With the talented people at MGM and Amazon Studios, we can reimagine and develop that IP for the 21s century‚Ķ People who love stories are going to be the big beneficiaries.‚ÄĚ

 

After weeks in negotiations, Amazon on Wednesday announced a definitive agreement to acquire MGM for $8.45 billion (including debt).

In his remarks, Bezos cited MGM films and franchises including ‚ÄúJames Bond,‚ÄĚ ‚ÄúThelma and Louise,‚ÄĚ ‚ÄúRaging Bull,‚ÄĚ ‚ÄúRobocop‚ÄĚ and ‚ÄúTomb Raider,‚ÄĚ as well as TV shows like ‚ÄúThe Handmaid‚Äôs Tale‚ÄĚ and ‚ÄúVikings.‚ÄĚ

 

 

https://variety.com/2021/digital/news/jeff-bezos-amazon-mgm-acquisition-1234982179/

 

Bezos has in the past stated making a hit TV show should be easy as he cited the 'formula' to do so, yet Amazon still don't have a proper massive hit yet, so have now resorted to buying up some known brands to slap on top to achieve success. Maybe it really is that easy, but given the history of Hollywood, probably not.

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A TV sequel to Thelma and Louise in which every episode they slowly fall ever further into the grand canyon.

 

(In fact you could actually do that by having each one be a narrative wrapper to flashback episodes but I really hope I'm wrong)

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On 26/05/2021 at 21:43, makkuwata said:

I love the Colbert theory. Bezos has the N word tapes.

 

On 26/05/2021 at 23:46, makkuwata said:

And also the N word tapes and that time Tom Arnold says he saw him call Eric the R word. Let’s nip this in the bud.

 

What are you on about? 

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2 minutes ago, Chadruharazzeb said:

 

 

What are you on about? 

 

Donald Trump was alleged to have used racial slurs while filming The Apprentice and this was caught on tape. Whether he did, or if recordings exist are different matters, but as The Apprentice will be owned by Amazon as part of the MGM buyout, and Trump and Bezos have had an ongoing spat for years, there's speculation that Bezos might allow them to be made public.

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...thereby strengthening his popularity with his base even further, one assumes.

 

Unless we think his comments about sexually assaulting women have been widely misinterpreted by millions of Americans as a love of domestic cats.

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