We’re kind of surprised this deal went through, honestly, but when Jeff Bezos wants something, boyhowdy he gets it within 2 days. The entertainment world is a buzz with morning with the report that Amazon has successfully made their offer to purchase MGM and it’s holdings for $8.45 billion. Originally, the price we were hearing was a cool $9 billion, so obviously this order had Prime.
Amazon currently has an estimated market cap of $1.7 trillion.
Prime Video and Amazon Studios head Mike Hopkinssaid of the deal: “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.”
“We’re looking forward to reimagining and developing the deep catalog of MGM. The acquisition’s thesis here is really very simple: MGM has a vast, deep catalog of much-loved intellectual property. With the talented people at MGM and Amazon Studios, we can reimagine and develop that IP for the 21s century… People who love stories are going to be the big beneficiaries.”
This isn’t a done deal yet, as a purchase of this magnitude “is subject to regulatory approvals and other customary closing conditions.”
Also, this isn’t the highest Amazon has payed for another company. Remember when they purchased Whole Foods for about $14 billion for Whole Foods in 2017?
Mary Anne Butler (Mab) has been part of the fast-paced world of journalism since she was 15, getting her start in album reviews and live concert coverage for a nationally published (print) music magazine. She eventually transitioned to online media, writing for such sites as UGO/IGN, ComicsOnline, Geek Magazine, Ace of Geeks, Aggressive Comix (where she is still Editor-in-Chief), Bleeding Cool (where she was News Editor), and now NerdBot as News Editor.
Over the past 10 years, she’s built a reputation at conventions across the globe as a cosplayer (occasionally), photographer (constantly), panelist and moderator (mostly), and reporter (always). Interviews, reviews, observations, breaking news, and objective reporting are the name of the game for the founder of Harkonnen Knife Fight, a Dune-themed band with an international presence.
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