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Amazon buys MGM for $8.5 Billion

The sale has been finalized March 18 giving Amazon access to the full MGM catalog – both classics and franchises including James Bond, RoboCop, Rocky and more.

“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,” Amazon’s Mike Hopkins, who leads the way on Amazon Studios and streaming service Prime Video. “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.”

The purchase will bring a ton of new content to Amazon Prime Video from classic musicals to all other genres. It may also see properties developed as new series for the streaming service as well as MGM produced series including Fargo, The Handmaid’s Tale, and Vikings among others.

Bond producers Barbara Broccoli and Michael G. Wilson have vowed to keep the iconic franchise as is and not be moved to streaming, meaning it will see theatrical releases before moving on the streaming service.

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Written by Lori Anne Brown

Lori has been a science-fiction fan since the age of 12. She is owner of Scifispace.com as well as Scifi-Collector.com and previously chaired science fiction conventions.

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