Rumor says Amazon wants to buy a MGM cinema studio


An interesting rumor fleets around which belonged to sources of the industry familiar with the negotiations between Amazon and Iconic Movie Studio MGM. According to sources, Amazon and MGM negotiated weeks on a transaction that could see Amazon by the cinema studio for $ 9 billion. Previous reports suggested that Amazon and other technology companies surrounded MGM to try to buy the movie studio.

Amazon seeks to buy a large cinema studio like MGM is not a real surprise because it currently produces many movies and TV shows. The sources of the industry have recounted the variety that the agreement is pushed by the Senior VP of the Amazon studios and the video of choice Mike Hopkins, which is in talks directly with the Chairman of the Board of Directors MGM Kevin Ulrich.

It was confirmed in December 2020 that MGM is looking for a buyer. Although the sources have recounted the variety that the agreement was worth $ 9 billion, other rumors suggested that the purchase could cost an Amazon between $ 7 and $ 10 billion. Some sources estimate that MGM is worth only $ 5 billion.

Amazon certainly has the money to finance such a considerable purchase of more than 200 million members of the world who pay monthly or annually for the service. One of the benefits of being a senior member is access to the video of choice, with 175 million customers of 200 million clients streaming a video over the past year.

Presumably, if Amazon removes a purchase of MGM, the massive MGM movies back catalog would become exclusive Amazon Prime video. The notable franchises in the MGM movie archives include James Bond Films and a large number of television broadcasts. Amazon fell by $ 11 billion on television, movies and music in 2020.

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