Tag: MGM
-
Labor Union Coalition Calls on FTC to Reject Amazon-MGM Deal
The Strategic Organizing Center (SOC), a group representing nearly 4 million workers, is asking the Federal Trade Commission to reject Amazon’s acquisition of MGM. Amazon and MGM announced that they had entered into a definitive merger agreement in May. Amazon would pay $8.45 billion in the deal, if approved. Amazon began showing interest in the…
-
Amazon’s $8.45 Billion MGM Deal Could Get FTC Antitrust Review
The merger agreement that would bring MGM’s expansive movie and TV catalog to Amazon could be subject to an antitrust review by the Federal Trade Commission. The Wall Street Journal, citing unnamed sources, says the FTC asked to be in charge of the review since it’s already investigating Amazon’s wider business practices. As WSJ points…
-
Weekend Wrap-Up: Amazon’s Deal with MGM, Sling TV’s New App, and More!
This week, we learned about yet another major content deal — this time involving Amazon and MGM. It’s a deal that has many speculating about the future of many well-known film and TV franchises. Meanwhile, Sling TV unveiled its newest app, which boasts a revamped look and feel. Philo also announced a price hike and…
-
James Bond Films Will Still Hit Theaters First, Producers Say
With Amazon making its acquisition of MGM official with an announcement earlier today, fans of the James Bond franchise wondered if future films would go straight to Amazon Prime Video. The producers of the films say going straight to streaming isn’t the plan for 007. “We are committed to continuing to make James Bond films…
-
Amazon to Acquire MGM for $8.45 Billion
Amazon and MGM announced this morning that they have entered into a definitive merger agreement. Amazon will pay $8.45 billion for MGM in the deal. Amazon had reportedly been showing interest in MGM since at least the beginning of this year, according to sources from both companies, as reported by Wall Street Journal. Last week,…
-
Amazon and MGM Are Close to Making a Deal
Last week, we heard reports that Amazon had made a $9 billion offer to acquire MGM. Today, The Wall Street Journal reports that the two companies are closing in on a deal, and “an agreement could be announced as early as this week,” according to WSJ sources. If the deal goes through, Amazon would acquire…
-
Rumors Suggest Amazon is Offering $9 Billion for MGM
Fresh reports from The Information and Variety point to rumors of ongoing talks that include Amazon offering $9 billion to acquire storied media company MGM. At stake would be the rights to a collection of thousands of movies and episodes of TV programming, including well-known franchises like James Bond, Stargate, and Rocky. Initial reports from…
-
‘No Time to Die’ Bond Film is Shopping for a Streaming Debut at Hefty Cost
MGM is exploring the sale of its latest James Bond film No Time Left to Die to streaming services like Netflix, Apple, and others. The film’s original release date of spring 2020 was rescheduled for November due to coronavirus shutdowns, and then delayed again to its current release date of April 2021. But with movie…
-
Apple and Netflix Both Show Interest in Acquiring MGM
MGM has been in preliminary talks with both Apple and Netflix about a potential acquisition, CNBC reports. Acquiring the studio would give either company access to franchises including Rocky, RoboCop, and Species, as well as co-ownership for the copyrights to existing James Bond films, and a large movie library. “MGM had revenue of more than $1 billion for the…
-
Apple In Talks to Add Live Sports & More Movies to Apple TV+ With MGM & The Pac-12
Apple is looking at opportunities to expand the content available on Apple TV+. The company is now in talks with MGM and Pac-12 to bring movies, TV shows, and college sports to the streaming service, according to a report from Wall Street Journal. These are only preliminary talks with no deals on the table just…