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Amazon to Reportedly Acquire MGM for $9 billion


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Amazon is weeks into negotiations on a deal to acquire MGM for about $9 billion, industry sources tell Variety.

Chatter that Amazon (and other tech and media giants) have been sniffing around MGM has circulated for some time. But sources indicated that Amazon’s interest in acquiring the studio has taken on a new tenor beyond the usual rumor mill. The deal is said to be being orchestrated by Mike Hopkins, senior VP of Amazon Studios and Prime Video, directly with MGM board chairman Kevin Ulrich, whose Anchorage Capital is a major MGM shareholder.

Reps for Amazon and MGM declined to comment.

Source: https://variety.com/2021/digital/news/amazon-mgm-acquisition-talks-9-billion-1234975168/

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RAMROD
5 minutes ago, Adarsh said:

Does this mean that House of Gucci will be available on Amazon Prime? :ally:

 

HoG is with Paramount, part of Viacom. Differenr from MGM

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WheresMy911Alice
16 minutes ago, RAMROD said:

 

HoG is with Paramount, part of Viacom. Differenr from MGM

Good thing I already have Paramount+ :huntyga:

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Guest Adarsh
17 minutes ago, RAMROD said:

 

HoG is with Paramount, part of Viacom. Differenr from MGM

Yes I know it’s going to be released on Paramount+ but HOG’s main production house is MGM

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WheresMy911Alice
3 minutes ago, Adarsh said:

Yes I know it’s going to be released on Paramount+ but HOG’s main production house is MGM

Oprah So What Is The Truth GIF

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RAMROD
13 minutes ago, Adarsh said:

Yes I know it’s going to be released on Paramount+ but HOG’s main production house is MGM

 

Guess there will be talks once they merged, if approved

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River

disney were sleeping :noparty:

I'd rather be dead but I guess I'm alive ¯\_(ツ)_/¯
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flyaway

Amazon is the new disney.

Soon, everything will be owned by either amazon or disney. I don't like that.

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SpadesToStart

Monopoly and anti-trust laws should be enforced much more strictly in the US

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RAMROD
19 minutes ago, flyaway said:

Amazon is the new disney.

Soon, everything will be owned by either amazon or disney. I don't like that.

 

The name of the game now is streaming service and subscribers counts, so yes, more companies will be bought out by bigger companies and merge, this will be the future. Things will never be the same again once they saw how much money Netflix made, and how Netflix get to keep most of them too!

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flyaway
8 minutes ago, RAMROD said:

 

The name of the game now is streaming service and subscribers counts, so yes, more companies will be bought out by bigger companies and merge, this will be the future. Things will never be the same again once they saw how much money Netflix made, and how Netflix get to keep most of them too!

I just don't trust that everything around  is being acquired by a small group of people. They have too much power in their hands.

It may be good for entertainment and stuff, but I dislike big monopolies.

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Miss Dolly

Probably be put up behind a paywall and added as a “channel”. 
Prime is atrocious 

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