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Amazon grows again with the acquisition of MGM, an American film company born in 2024 and owner of the rights to great sagas such as Rocky and 007.
Amazon acquired Metro-Goldwyn-Mayer for $ 8.45 billion (MGM), a historic movie production company that will bring a rich movie collection to the Prime Video catalog to add to the long list of names in the streaming platform’s library. Thanks to the constantly expanding offer, the website of the e-commerce giant targets large numbers.
Amazon’s entertainment division has been a relatively small part from the start compared to the size of the company as a whole. Even so, the company spends billions a year managing rights to the content posted on the platform. It should also be added that some subscribers use it for free, purchasing the Amazon Prime package, without a special subscription dedicated to viewing. However, last year alone, Prime Video’s movies, series and shows were watched by over 175 million users with 200 million subscribers. For Mike Hopkins, senior vice president of Prime Video and Amazon Studios, the deal could be an opportunity to exploit: “It’s very exciting and offers so many opportunities for high-quality storytelling.”
Amazon and MGM, deal
The owner of a group of companies including Anchorage Capital Group, Highland Capital Management and Solus Alternative Asset Management, MGM has been potentially on the market since December 2020. The first information about a possible purchase by Amazon began to circulate in the environment in mid-May. According to Variety, Hopkins was negotiating what the Wall Street Journal said appeared to be nearing completion on May 24.
Amazon and MGM how the library changes
Thanks to the appearance of MGM titles, Amazon Prime Video will be able to touch a total of about 4,000. films, to which should be added another 17 thousand. hours of TV content. It will be easier for the platform to win a place next to the most famous brands in the industry, i.e. Netflix and Disney Plus, with their extremely rich and engaging libraries for all types of viewers.
MGM, in turn, will have two great movie sagas as dowry, i.e. Rocky and James Bond, not to mention the most interesting productions in the serial format, such as Vikings or The Handmaid’s Tale. In addition to these successes, numerous television programs are also worthy of attention, especially The Voice, the format of which has spread all over the world, gaining valuable viewership results during numerous sessions.
Amazon and Other Entertainment Companies
Amazon is not the only company that has recently focused on acquiring manufacturing companies to expand its portfolio of offers. Recently, Warner Media and Discovery have joined forces to form Disney’s most serious rival. Both have their own proprietary streaming services, HBO Max and Discovery Plus, respectively, aiming to standardize the proposals by making the complete solution even more coherent and attractive to the general public.
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