Amazon: the purchase of Metro Goldwyn Mayer is official

Amazon has officially acquired the studies Metro Goldwyn Mayer, concluding an operation that cost the beauty of 8.4 billion dollars and the Antitrust has just given the green light to the purchase, confirming the transition a few days after its announcement. MGM will then become the property of the e-commerce giant, given that according to the European Union this will not lead to substantial market imbalances.

Amazon acquires Metro Goldwyn Mayer

As established byEuropean Union in the past few hours, this operation: “would not significantly reduce competition on the markets for the production and supply of audiovisual content; wholesale supply of television channels; the retail supply of audiovisual services; the production and licensing of distribution rights to third-party distributors of films for theatrical release; the provision of market services “.

According to the commission, therefore, this acquisition: “would not have a significant impact on Amazon’s current position as a market service provider”, despite rumors of an addition of about 4000 films to the catalog of AmazonPrime, including much-loved franchises like that of James Bond. According to the institution, however, the revenues from these feature films constitute a limited part of cinema revenues in Europe. “

in the meantime Mike Hopkins, vice president of Amazon Prime Studios, he said he was very satisfied with this purchase: “MGM has a vast catalog with over 4,000 films, including” The word to the jurors “,” Basic Instinct “,” Creed – Born to fight “, the “James Bond” franchise, “Revenge of the Blondes”, “Bewitched by the Moon”, the “Poltergeist” franchise, “Raging Bull”, “Robocop”, “Rocky”, “The Silence of the Lambs”, “Stargate “,” Thelma & Louise “,” Tomb Raider “,” The Magnificent 7 “,” The Pink Panther “and” Game of Two (The Thomas Crown Affair) “. Also included are 17,000 television series such as “Fargo”, “The Handmaid’s Tale” and “Vikings”. Collectively, these titles have won over 180 Academy Awards and 100 Emmys. The real financial value behind this operation is a treasure trove of intellectual property in this vast catalog that we intend to reimagine and develop together with the talented team at MGM. It’s very exciting and offers so many opportunities for high quality storytelling. “

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