MGM

MGM to launch streaming service on Mediaset’s Infinity platform

Metro Goldwyn Mayer (MGM) has expanded its streaming service after striking a deal with Mediaset in Italy. MGM, which is in the midst of being acquired by Amazon, will launch its on demand service on Mediaset’s recently launched Infinity streaming platform. It will offer an array of library content, including shows from the Stargate sci-fi franchises […]

Unions call on FTC to derail US$8.45 billion Amazon-MGM deal

Four major US unions have urged the Federal Trade Commission (FTC) to block Amazon’s deal to buy movie studio MGM. Amazon agreed an US$8.45 billion deal to acquire MGM earlier this year. The deal would represent Amazon’s second biggest-ever acquisition, and would see the studio behind shows such as The Handmaid’s Tale and Vikings fall […]

MGM launches streaming service

US studio MGM has expanded its partnership with soon-to-be owner Amazon by launching a new streaming service in Australia. The MGM streamer will become available through Prime Video Channels in Australia and provide access to TV series such as the Stargate sci-fi franchises SG-1, Atlantis and Universe, along with long-running supernatural hit Teen Wolf. Films included range from Fargo, The Silence Of The Lambs and Rocky, to […]

US FTC reportedly to probe Amazon’s acquisition of MGM

The US Federal Trade Commission is reportedly launching a probe into Amazon’s planned acquisition of MGM. According to The Information, citing unnamed sources, the FTC has opened an in-depth investigation into the merger that could last for six months or more. News of the possible probe follows the June appointment of Lina Khan, seen as […]

Elizabeth Warren calls on FTC to review ‘anticompetitive’ Amazon-MGM deal

US senator Elizabeth Warren has said that the Federal Trade Commission (FTC) should carry out a thorough review of Amazon’s takeover of MGM. Amazon announced a US$8.5 billion deal to acquire the James Bond studio in late May, and has said that it will focus on its ‘reimagining and developing’ IP from MGM’s library. Warren […]

Global content spend hit US$220 billion in 2020 with Disney leading charge

The gross cash spend on the global production and licensing of new content for streaming platforms reached a new high last year, rising by 16.4% in 2020 to reach $220bn, according to new research from UK-based firm Purely. Amid this boom, The Walt Disney Company emerged as the biggest single global spender on content in […]

Amazon to ‘reimagine & develop’ MGM shows after $8.45bn deal

Amazon will “reimagine and develop” IP from the MGM slate following its $8.45bn deal for the US studio, according to CEO Jeff Bezos. The acquisition, which was confirmed yesterday, will see more than 17,000 hours of MGM TV fall under the Amazon banner, ranging from dramas such as Fargo and The Handmaid’s Tale to unscripted series including Shark Tank, Vanderpump Rules and The Hills. […]

Amazon agrees US$8.45bn deal to buy MGM

Amazon has wrapped up its deal to acquire James Bond and Fargo studio MGM in a deal valued at US$8.45bn. The acquisition marks Amazon’s second biggest-ever deal and will see the studio behind shows such as The Handmaid’s Tale and Vikings fall under the retail giant’s umbrella. MGM’s catalogue includes more than 17,000 hours of […]

Amazon nears US$9 billion MGM deal

Amazon could wrap up its deal to acquire James Bond and Fargo studio MGM as early as this week, according to reports. The acquisition, valued at around $9bn including debt, would mark Amazon’s second biggest-ever deal and set down a marker to its streaming competitors as the battle for subscribers hots up. The move was first reported last week and acquisition talks […]

Amazon eyes $9bn deal for MGM, reports suggest

Amazon is in talks to acquire James Bond and The Handmaid’s Tale studio MGM for around $9bn, as the arms race for content continues. Detail of the deal emerged overnight and have not been confirmed, but an acquisition would provide the retail giant’s streaming service Prime Video with a raft of IP including FX drama Fargo and Hulu’s The Handmaid’s Tale. It […]

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