Amazon is reportedly negotiating to purchase MGM | Urban Mindfest

Now that the streaming video race is about as crowded as it could possibly get, what can Amazon do to lock up extra unique content material? In line with rumors reported by The Data, Selection and the New York Instances, it is contemplating spending as a lot as $9 billion to purchase MGM, which comes with a movie library that features franchises like James Bond, The Hobbit, Stargate and Robocop plus 1000’s of different films. MGM additionally purchased full possession of the Epix channel in 2017.

Final week Amazon introduced {that a} former govt, Jeff Blackburn, would return to the corporate to supervise companies together with Amazon Studios and Twitch, and the considering is that a part of his motive for the transfer is the chance to handle MGM’s library.

This rumor dates again to a report from Forbes in January, though all sides say {that a} deal is not performed but. Nonetheless, the timing appears proper for a brand new technique from Amazon, as Netflix pairs up with Sony Footage, AT&T sells off WarnerMedia and Disney+ retains pumping out Star Wars / MCU content material.

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