Amazon have agreed terms with MGM’s shareholders for the purchase of the classic Hollywood studio. It has just been announced that Amazon has agreed to buy MGM for $8.45 billion, well above the $5 to $6 billion it was thought to be worth. Mike Hopkins, senior VP of Prime Video and Amazon Studios, said: The […]
Reports say takeover could be announced later today. Following on for last week’s report that Amazon was close to buying MGM for $9 billion, the Wall Street Journal last night quoted their sources as saying a deal could be announced this week (paywall). According to The Wall Street Journal: The talks between Amazon and MGM […]
Sources tell Variety that Amazon has been in talks for weeks and may be prepared to pay $9 billion for MGM. An article in Variety reports that Amazon is close to sealing a deal to buy Metro Goldwyn Mayer for $9 billion from a consortium of hedge funds lead by Anchorage Capital Group. The future […]
Her theme song for No Time to Die sees Billie Eilish win the fourth ever Grammy for Bond. Sunday saw Billie Eilish win a Grammy for her theme to No Time to Die in an audience free award ceremony held in Los Angeles. The three and a half hour ceremony was livestreamed from the Los […]
Universal unveils new date on UK website. The UK arm of Universal Pictures has confirmed that the planned release date for No Time to Die is now 30th September 2021. It had been previously announced as 8th October following the delay from April 2021 due to the ongoing covid-19 pandemic. AS MGM lacks the ability […]
Forbes reports MGM has held exploratory talks with Amazon about a sale but hopes of $10 billion price tag are fading. A few days before Christmas we reported that MGM had begun the process of actively seeking a buyer after recruiting advisors Morgan Stanley and LionTree LLC. It came after the studio’s biggest shareholder, New […]
The widely anticipated delay was announced overnight. In a move that is unlikely to have surprised anyone the official 007 website and social media channels last night announced a further delay to No Time to Die. Without mentioning the covid-19 pandemic, the announcement on the website simply reads: No Time To Die will be released in […]
Items listed with autumn delivery suggest decision to delay No Time to Die has already been made. The official 007 Store has revealed three new additions to its line up. In doing so it has added weight to the near certain rumour that MGM and Eon Productions are about to announce No Time to Die […]
Studio has recruited advisors with value now pegged at $5.5 billion. Back in mid-October we reported that MGM’s largest shareholder, New York hedge fund Anchorage Capital Group, was under pressure to put the studio up for sale. That came following the decision to postpone the release of No Time to Die for a second time […]
As the covid-19 pandemic continues to make film releases difficult Warner Bros moves to make its new films available via streaming. Warner Bros are to simultaneously release all their 2021 movies on the big screen as well as HBO Max according to an article in The Verge. There will be a one month window during […]
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