Digital film and tv viewing platforms are getting stronger. On the one hand, these platforms are growing at an incredible rate of users, while enriching the content library. Amazon, which competes in this market with a service called Prime Video, is undoubtedly one of the largest of these services.
The company is fiercely competitive with its biggest rivals Netflix and Disney+ and is taking a significant step forward in this competition. Amazon wants to buy Metro Goldwyn Mayer, a company that has been involved in making and distributing movies and series since 1924, for $9 billion, according to reports.
Metro Goldwyn Mayer, which we remember especially with the roaring lion that once appeared at the beginning of many productions, although it is far from its glory days, has some very important productions on its hands. The company currently owns some of the most popular productions of James bond, the handmaid’s tale, rocky, stargate, robocop, and Vikings.
If the deal between Amazon and Metro Goldwyn Mayer is completed, the rights to this and many other brands will go to Amazon. MGM now has 4,000 movies and 17,000 hours of TV series. It is thought that the company will experience a significant user increase after these productions, which are already available to attract users in the library of competitors in our country and around the world, are added to the Prime Video library.
Leaked information shows Amazon is considering a $7 billion to $10 billion offer, while experts say Metro Goldwyn Mayer will accept no less than $9 billion. Whether the deal will succeed remains a mystery, with one of the two companies expected to make an official announcement. MGM, which has been on the market since December 2020, is alleged to be in talks with the company’s competitors if no deal is reached.