It’s official: Amazon has purchased MGM, one of the most storied movie studios in history, for $8.45B. That’s a lot of money, but considering the wealth of franchises and a library of nearly a century’s worth of films, it’s actually quite a steal.
No need to get into the specifics here. For one thing, we don’t have all of the details yet and neither does Variety‘s report. But also because we went over them when rumors first surfaced. The key points are that Amazon now takes hold of the valuable James Bond franchise, along with Robocop, Rocky, Creed, and more.
Will this put Amazon on the same level as Netflix in the streaming wars? That’s the question, but expect some news to drop soon on what they plan to do in terms of bringing some of these big-screen blockbusters to Amazon Prime, where they can drive the subscriber numbers.