g$ 8.5 billion of mazon to buy MGM, the Hollywood studio behind James Bond The Handmaid’s Tale and Gone with the windIt has granted the rights to the century-old movie and television titles that the streaming giant intends to capitalize on from a wave of remakes, rethinking and spin-offs.
Purchase agreement The 97-year-old Metro-Goldwyn-Mayer, which has a vast library of 4,000 movies and 17,000 hours of TV shows, is designed to fill Amazon’s content pipeline, the artery of its global competitor. The battle for supremacy streaming
As Stream wars intensify. New entrants such as Disney +, Sky, WarnerMedia’s Comcast’s Peacock and HBO Max – are refusing to license their own Crown Jewels and movies to more competitors. To complement their own streaming service
Amazon is not following its original content strategy the way Netflix has 41,000 hours of TV shows and movies, only 3% of them are original or owned content, compared to a fifth of the 39,000-hour library at Netflix, according to Ampere’s analysis.
“Getting library content is getting harder and harder – they won’t get such a show. friend Now they’re trapped elsewhere, ”said Wedbush media analyst Michael Pachter.“ To make 4,000 movies, it took 200 years to make, 17,000 hours of TV. It took an eternity. They can’t do it fast enough. They have to buy something. The question is, how much can Amazon use now? “
Much of the focus is on MGM’s main asset: James Bond.At 59, the evergreen screen spy is the second longest-running movie franchise in the world after Godzilla and some analysts. It is estimated he could be worth half of the nearly $ 9 billion price tag of all libraries.
Bond is a useless treasure beyond the 25 star-focused documentaries that Amazon would love to evolve into Marvel, or Star wars– Much like the “universe”, the only problem is that Bond is part owner of UK-based Eon Productions, run by Barbara Broccoli and Michael G Wilson, who strictly regulate the way he uses the character, even choosing the actors who play him. After the announcement of the deal, they reiterated that 007’s main home will remain on the big screen, saying, “We are committed to continue making James Bond films for theatrical audiences around the world.”
One possible screening plan was in 2002 – a film based on the character Jinx, played by Halle Berry in. Die another day – Was dropped a year later While the hugely successful Young Bond series for young people has never been made out of print.
“I think the best opportunities are with a Bond franchise,” said John Mass of Content Partners, a Los Angeles-based investment firm, who owns the rights to content including Black Hawk Down, Olympus Has Fallen Has And is part of the file CSI The television franchise “I think ‘Universe’ is probably an overused term. But I think there is an enormous amount of intellectual property that is not exploited. What Bond shows is that branded assets are flexible. ”
Still, MGM, which made $ 1.5 billion (£ 1 billion) in revenue last year, largely through licensing properties – has a wealth of valuable assets ready for further exploitation. Rocky Received a new lease of life with doctrine The movie series starring Michael B Jordan, the second Addams Family animated movie, is scheduled for release this year, while the TV series is in the works of Netflix. Disney + has a new series. WillowBased on the 1988 Ron Howard film and the animated / live-action reboot of the Pink Panther In the works
Meanwhile, the Russo Brothers – one of the highest-grossing film directors of all time. Avengers: Endgame – In the process of making several movies starting with Thomas Crown Stories; Third installment of Legally blonde Will be due next year And CBS has a psychological crime drama. ClariceA spin-off TV that has its roots in The silence of the lambs.
But unlike MGM, which was forced into bankruptcy a decade ago and currently owed around $ 2 billion in debt, Amazon has the financial power to increase its leverage leverage, the company, which has 73 cash on hand. Billions of dollars and a market capitalization of $ 1.6 trillion spent $ 11 billion in content last year and will have $ 15.5 billion in revenue this year. It is reported to have spent 465 million USD. The first TV series in the world of Lord of the ringsThe rights were reportedly secured after Amazon founder Jeff Bezos told executives to “find out. Game of thrones”To fight Netflix, the world’s leading streamer.
Observers and analysts speculate on the possibilities, including a new one. Thelma and Louise, Which celebrates its 30th anniversary this year, or the late 80’s revival of the series. Thirty thingsFranchises include Stargate and Tomb Raider It appears to be ripe for a big new investment at the time. RoboCop Ready for a new audience after the disappointing 2014 remake of the hit TV show. The Handmaid’s Tale and Fargo The deal is now locked with Hulu and FX, but is still seen ripe for future exploitation.
The only content off the grid are 2000 classics, including popular films like Gone with the wind, The Wizard of Oz and Singin ‘in the RainWhich MGM was sold to Warner Bros in 1986.
“In terms of production, there is a lot of intellectual property that is being exploited by a lack of rights stance,” Mass said. “There are many possible remake sequels and prequels in the MGM library. Do a good job, but the streaming war is on and on and new teams on Amazon will discover many opportunities. ”