Amazon Acquires MGM
On Thursday, March 17, Amazon announced its official acquisition of Metro Goldwyn Mayer (MGM). MGM has a catalog of more than 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards, including franchise favorites such as James Bond, Rocky, and Creed, and classics such as Thelma & Louise, The Silence of the Lambs, The Magnificent Seven, and Raging Bull.
Amazon and MGM announced that MGM has joined Prime Video and Amazon Studios. The storied, nearly century-old studio – with more than 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards – will complement Prime Video and Amazon Studios’ work in delivering a diverse offering of entertainment choices to customers. Amazon had this to say about it:
“MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience,” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios. “We welcome MGM employees, creators, and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver quality storytelling to our customers.”
“We are excited for MGM and its bounty of iconic brands, legendary films and television series, and our incredible team and creative partners to join the Prime Video family,” said Chris Brearton, chief operating officer of MGM. “MGM has been responsible for the creation of some of the most well-known and critically acclaimed films and television series of the past century. We look forward to continuing that tradition as we head into this next chapter, coming together with the great team at Prime Video and Amazon Studios to provide audiences with the very best in entertainment for years to come.”
Amazon Prime subscribers will pay a fee of $139 / year fee to access over 26,000 movies and 2,700 series that stream on Prime Video. Subscribers can also enjoy other perks like free two-day shipping on any purchases from the site. With the major purchase, there are several concerns regarding anti-trust laws and if the acquisition breaks any of them. Amazon has not yet heard anything from the FTC and has been given the green light from the European Union.
Chris Brearton, chief operating officer of MGM, added:
“We are excited for MGM and its bounty of iconic brands, legendary films and television series, and our incredible team and creative partners to join the Prime Video family. MGM has been responsible for the creation of some of the most well-known and critically acclaimed films and television series of the past century. We look forward to continuing that tradition as we head into this next chapter, coming together with the great team at Prime Video and Amazon Studios to provide audiences with the very best in entertainment for years to come.”
RELATED: How To Get The Cheapest Netflix Subscription Possible
What Do You Think Of Amazon Purchasing MGM?
Is Amazon’s purchase of the iconic Hollywood studio an overreach? Or are you excited to see MGM join the megacorporation’s streaming service? Let us know on social media today.
