With news leading into what were clearly going to be final negotiations, it seems that MGM has officially been acquired by tech juggernaut Amazon for a staggering $8.45 billion.
“Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works. Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling.”
MGM has a wide catalog of films including a handful of blockbusters. Most notably, of course, is James Bond. The rest of the MGM portfolio consists of films like Rocky, Robocop, Creed, Silence of the Lambs, Tomb Raider, Stargate, and others.
“It has been an honor to have been a part of the incredible transformation of Metro Goldwyn Mayer. To get here took immensely talented people with a true belief in one vision. On behalf of the Board, I would like to thank the MGM team who have helped us arrive at this historic day. I am very proud that MGM’s Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM’s storied history with Amazon is an inspiring combination.”
-Kevin Ulrich, Chairman of the Board of Directors of MGM
While we hope that some of these film franchises continue in their current path without major influence or interference from the execs at Amazon, the most pressing on the list of films is James Bond and how that franchise will go. Currently, No Time to Die is scheduled for a release this October in the US but after multiple delays, we hope that it doesn’t get pushed again. Whatsmore, this will be Daniel Craig’s final James Bond film. Unless Amazon throws some insane amount of money at him. More likely, the film franchise will likely be rebooted after Craig takes his final bow. Either way, only time will tell.