The Amazon deal to purchase MGM has finally come to a close and the $8.5B merger is now official.
First announced in May 2021, the deal finally crossed its final hurdle and was made official on March 17.
“MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience,” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios. “We welcome MGM employees, creators, and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver quality storytelling to our customers.”
“We are excited for MGM and its bounty of iconic brands, legendary films and television series, and our incredible team and creative partners to join the Prime Video family,” said Chris Brearton, chief operating officer of MGM. “MGM has been responsible for the creation of some of the most well-known and critically acclaimed films and television series of the past century. We look forward to continuing that tradition as we head into this next chapter, coming together with the great team at Prime Video and Amazon Studios to provide audiences with the very best in entertainment for years to come.”
MGM will be bringing with it more than 4,000 film titles and 17,000 TV episodes. On the film side this now places films such as Rocky, Poltergeist, James Bond. and Stargate. On the TV side you have all of the various Stargate spinoffs, The Handmaid’s Tale, Shark Tank, and many more.
How quickly all of the back catalog is added to Prime Video is anyone’s guess, but you can definitely count on some new projects based on banner IPs.