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Discussion Amazon closes $8.5 billion acquisition of MGM

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Amazon has closed its $8.5 billion acquisition of MGM, the companies said Thursday.

The pact was first announced in May and has been winding its way through the regulatory process. Per Amazon, “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.”

The completion of the transaction comes two days after the Amazon-MGM deal received clearance from the European Union’s antitrust regulator, which “unconditionally” approved Amazon’s proposed acquisition of MGM, in part because “MGM’s content cannot be considered as must-have.” The European Commission, in its antitrust review, found that the overlaps between the Amazon and MGM businesses are “limited.”
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The last time I used a graphic comparison to describe how I feel about anti-trust laws (or lack thereof), I got a warning, so use your imagination.
 
I wonder if we'll see any companies acquiring Lionsgate in the future.

They're one of the last remaining film distributors that I could see getting gobbled up by a larger company. (Apple, Netflix, Paramount, Comcast, etc)
 
WestEgg said:
It’s kind of funny how low 8.5 billion seems for a major film studio after all the recent gaming acquisitions.
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MGM is not a major film studio.

Emily said:
I wonder if we'll see any companies acquiring Lionsgate in the future.

They're one of the last remaining film distributors that I could see getting gobbled up by a larger company. (Apple, Netflix, Paramount, Comcast, etc)
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Lionsgate and AMC Networks are 100% getting bought before this current wave of consolidation ends.
 
Not a fan of this at all. Hopefully they don't interfere with movie licensing to boutique labels.
 
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Josh5890 said:
IMO, the big detractor with this sale is that Amazon doesn't get all of MGM'S library. Turner owns the pre 1986 MGM catalog.
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Where does Pink Panther fit though, as he originated in the 60's but got new content after said sale. WB should get him as he is a Looney Tunes "cousin" so to speak as he was designed and mostly created by LT veterans (most notably Friz Freling himself). Plus Tom & Jerry have the same pre-86 MGM history and VERY much ended up at WB.

Also just today found out David DePatie himself (the other, more business-y of DePatie-Freling) just died on Sept 23rd last year at 91. Was blown away he was still alive when I found out prior.
 
Josh5890 said:
IMO, the big detractor with this sale is that Amazon doesn't get all of MGM'S library. Turner owns the pre 1986 MGM catalog.
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And Turner itself is now owned by Warner, so Warner has that massive part of MGM's catalog to itself.

Hero of Legend said:
Where does Pink Panther fit though, as he originated in the 60's but got new content after said sale. WB should get him as he is a Looney Tunes "cousin" so to speak as he was designed and mostly created by LT veterans (most notably Friz Freling himself). Plus Tom & Jerry have the same pre-86 MGM history and VERY much ended up at WB.

Also just today found out David DePatie himself (the other, more business-y of DePatie-Freling) just died on Sept 23rd last year at 91. Was blown away he was still alive when I found out prior.
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Not 100% on this, but I believe MGM retained the Pink Panther rights, as the sale of their catalog to Turner didn't include most of the works by United Artists (which included the Pink Panther cartoons).
 
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Be interesting to see what influence they have on James Bond in particular, but of course EON (Broccoli family company) have an insane amount of control over that IP creatively and business wise contractually so should be very little beyond, say Amazon encouraging them to make a streaming series of Bond alongside the films for Prime Video (and hopefully more stable financing that will see the films come out more regularly) and the films hitting Prime Video like WB films go onto HBO Max etc..., I dont think there's much they can change without EON's blessing.
 
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Josh5890 said:
IMO, the big detractor with this sale is that Amazon doesn't get all of MGM'S library. Turner owns the pre 1986 MGM catalog.
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Since I have HBO Max, I don’t mind this as I get access to the catalogue. I trust turner to have more ancillary content for the films rather than prime, which is a bad interface and wouldn’t have the lead in productions TCM has.
 
That sucks, I really don't like this current wave of consolidation.
The only "good" thing that could come out of this is the rumored new Stargate show that Amazon supposedly wants to produce. But I'm not sure it will ever happen.
 
That's way more money than I thought MGM would be worth. Weren't they close to bankruptcy a couple of times?
 
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Maybe now we can get a Legally Blonde 3 and a new live action Addams Family with the original cast of the 90's film but as adults/grandparents/somehow still alive and or not aged a day.
 
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Question - does this mean Amazon owns all the MGM casinos and hotels in Las Vegas?
Only recently learned that MGM has a stronghold on that town.
 
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