MGM

Amazon’s $8.5 billion takeover of MGM has been completed days after getting the green light from Europe. Internet giant Amazon today announced it has finalised its takeover of MGM, a couple of days after the European Union approved the purchase of the studio. Although a FTC decision was expected before then end of the month no […]

We should learn decision on Amazon’s proposed purchase of MGM within the next couple of weeks. Reuters is reporting that Amazon’s takeover of MGM may be days away, with deadlines for regulators in Europe and the United States due to expire imminently. According to the article European regulators are set to clear the acquisition, with […]

With the news that Amazon will spend $8.45b to take over MGM, we discuss the potential ups and downs of having half the James Bond rights owned by a company with deep pockets.

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 […]

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 […]

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 […]

Apple’s offer for the latest Bond film fell well short of MGM’s expectations. Last week we saw reports that MGM had engaged in talks with Apple and Netflix for a deal that would see No Time to Die premiere as a premium video on demand release. Soon after though it was rumoured the talks had […]

The latest developments in the long running saga of No Time to Die suggest MGM is looking to cash in on the streaming rights. Until recently it was believed that MGM was under pressure to find a buyer to capitalise on the delay in releasing No Time to Die. The film has had a troubled […]