Mumbai: Amazon Inc has introduced that it’s shopping for MGM Studios, the US-based media firm, which has produced profitable franchises like ‘James Bond’ and ‘Legally Blonde’. The enterprise transfer is predicted to accentuate competitors within the streaming area, which is dominated by Netflix and Disney+.
“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling,” senior vp of Prime Video and Amazon Studios, Mike Hopkins, stated in a press release.
MGM, which is likely one of the world’s oldest movie studios, was based in 1924. The studio has additionally produced fashionable TV exhibits like ‘Shark Tank’ and ‘Vikings’.
Metro Goldwyn Mayer’s huge library contains films like ‘12 Angry Men’, ‘Basic Instinct’, ‘Legally Blonde’, ‘Raging Bull’,’ Silence of the Lambs’, ‘Tomb Raider’, ‘The Magnificent Seven’, ‘The Pink Panther’, ‘The Thomas Crown Affair’, to call a couple of.
Kevin Ulrich, Chairman of the Board of Directors of MGM, stated, “I am very proud that MGM’s Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM’s storied history with Amazon is an inspiring combination.”
(With company inputs)
