- Acquires MGM (incl. United Artists Releasing 67/33 JV with Annapurna Pictures; MGM Television; Epix premium cable channel)
- $8.45b incl. $2.1b debt (likely to be repaid on closing)
- Catalog (IP) of 4k films, 17k episodes, complements Amazon Studio (focus on series), total >180 Oscars + >100 Emmys
- Part of catalog currently licensed to TCM = WarnerMedia (MGM films before 1986; UA films until 2022)
- Latest James Bond movie (No time to die) to get worldwide theatrical release 211008
- To establish Media & Entertainment Group, headed by Jeff Blackburn (Amazon Studios, Prime Video, Amazon Music, podcaster Wondery, games, Twitch, MGM)
- Moody's places MGM rating (corporate B1, sr secured credit Ba3) on review for upgrade
Thursday, May 27, 2021
Amazon acquires MGM: all the details
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