Amazon Buys Over James Bond Franchise Owners, Metro-Goldwyn-Mayer

 

E-commerce giant, Amazon, has taken a giant step to have under its control all James Bond films after approaching the franchise's own Metro-Goldwyn-Mayer, for a deal worth $8.45billion making the company the majority stakeholder of the MGM. 

The James Bond franchise is mainly controlled by Barbara Broccoli and her sibling Michael G. Wilson, and now that Amazon has joined in on the board, the e-commerce company is understood to have control of a 50 percent stake of the franchise while the remaining percentage will be for the siblings.

"The acquisition thesis here is really very simple: MGM has a vast, deep catalog of much-beloved intellectual property," said Jeff Bezos, CEO of Amazon, 

MGM has in its library over 4,000 films and more than 17,000 TV shows, was also approached by other big players like Apple and Comcast, but their deal proposal was reportedly 40 percent lesser than the offer made by Amazon, which after finalizing the deal can now have all those on Prime Video content confers, just like Disney that now has Marvel films on its content confers after buying over 21st Century films in a deal worth $65billion in 2018. 

Both Jeff and Mike Hopkins, who is the head of Prime Video and Amazon Video, while speaking on what their next steps will be, revealed that they intend to work alongside MGM on their plan to "reimagine and develop that IP" as things unfold. 

"The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM's talented team," said Hopkins.  

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