Los Angeles: In the ultimate symbol of one Hollywood era ending and another beginning, Metro-Goldwyn-Mayer, home to James Bond, ‘Thelma & Louise’ and Rocky, finally found a buyer willing to pay retail: Amazon.
The e-commerce giant said that it would acquire the 97-year-old film and television studio for $8.45 billion — or about 40% more than other prospective buyers, including Apple and Comcast, thought MGM was worth. The studio, which had been shopped around for months, was once home to “more stars than the heavens”, as Louis B Mayer liked to brag. But its vast production lot and pre-1986 film library were sold off decades ago (Sony Pictures occupies the lot, and Warner Bros owns classic MGM films like ‘Singin’ in the Rain’, ‘The Wizard of Oz’, and ‘Gone With the Wind’.)
MGM does come with one Hollywood crown jewel: James Bond. The spy franchise will help Amazon compete in the white-hot streaming wars. With Disney+ coming on strong and HBO Max, Apple TV+ and Paramount+ determined to make inroads, the original streaming disrupters — Netflix and Amazon Prime Video — are leaning harder on movies.
Denne historien er fra May 27, 2021-utgaven av The Times of India Mumbai.
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Denne historien er fra May 27, 2021-utgaven av The Times of India Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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