• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

ACME NEWS ONLINE

The Pinnacle of Online News Reporting

ACME NEWS ONLINE
The Pinnacle of Online News

  • Home
  • US
  • BUSINESS
  • LIFESTYLE
  • REAL ESTATE
  • TECH/SCIENCE
  • About/Contact

With $8.45 billion MGM deal, Amazon scripts its own Hollywood plot twist

May 29, 2021 by Staff Reporter

The deal to acquire MGM is the biggest move yet by Amazon in Hollywood, as Jeff Bezos prepares to step down as Amazon CEO. (GeekWire Photo Illustration.)

Amazon’s agreement to acquire MGM for $8.45 billion has all the makings of a great script, combining a Hollywood icon with an Internet powerhouse.

But will this unlikely pairing be a giant blockbuster or a massive flop?

Joining us to assess the situation on this episode of the GeekWire Podcast is Sam Blake, a reporter who covers entertainment and media for dot.LA, the technology news site for Southern California.

Here’s how he put the news in perspective in his coverage this week: “Ninety-six years after Metro Pictures, Goldwyn Pictures and Louis B. Mayer Pictures merged to form MGM Studios, the Hollywood mainstay best known for its roaring lion mascot is set to join a trillion-dollar business empire best known for selling household items over the internet.”

MGM would provide Amazon with more than 4,000 films and 17,000 TV shows that have collectively won more than 180 Academy Awards and 100 Emmys.

The film library includes the James Bond and Rocky franchises, as well as television shows such as “The Handmaid’s Tale” and “Fargo,” and reality shows such as “Shark Tank” and “Survivor.”

Coming soon to a screen near you? In case you missed it, this was our visual representation of Amazon’s MGM deal this week. (It was @Taylor_Soper’s idea.) pic.twitter.com/YdH9kP9TQ9

— toddbishop (@toddbishop) May 29, 2021

Amazon’s MGM acquisition would be the second-largest deal in the Seattle company’s history, behind its $13.7 billion purchase of Whole Foods in 2017.

The deal is subject to regulatory approval. It was announced during the same week that Washington, D.C.’s attorney general filed suit against Amazon.

Listen above, and subscribe to GeekWire wherever you listen.

More coverage: Bezos, Jeff Bezos, strikes again in billion-dollar bid for Bond and MGM – and social media shoots back

Edited and produced by Curt Milton; theme music by Daniel L.K. Caldwell. 



View Original Source

Filed Under: TECH/SCIENCE

Primary Sidebar

More to See

About to Bounce Inflatable Rentals at City Park New Orleans Reunion shelter

https://www.abouttobounce.com/ - Reserve YOUR Bounce House, Water Slide, or Inflatable for your party, from About to Bounce Inflatable Rentals in New … [Read More...] about About to Bounce Inflatable Rentals at City Park New Orleans Reunion shelter

What’s your sign according to the Aztec Zodiac?

Everyone loves talking about astrology. When we talk about Horoscopes we are usually talking about the astrology that originated in Mesopotamia (c. … [Read More...] about What’s your sign according to the Aztec Zodiac?

Canadian Households To Cut Spending and Pay Down Debts If Rates Rise: BoC

… [Read More...] about Canadian Households To Cut Spending and Pay Down Debts If Rates Rise: BoC

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · SLD Chicago . Log in