Sony Pixel Power calrec Sony

Amazon to acquire MGM

27/05/2021

Amazon to acquire MGM

data-src=https://creativecow.net/wp-content/uploads/avatars/263018/5fa08c562aaf4-bpthumb.jpg data-srcset=https://creativecow.net/wp-content/uploads/avatars/263018/5fa08c561c0e7-bpfull.jpg 2x class=lazyload avatar avatar-80 photo height=80 width=80 />

Brie Clayton May 26, 2021

1 Comment

Amazon and MGM have signed an agreement for Amazon to acquire MGM

May 26, 2021 at 8:33 AM EDTShare

Metro Goldwyn Mayer's vast library has over 4,000 beloved film titles, including 12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Thelma & Louise, Tomb Raider, The Magnificent Seven, The Pink Panther, The Thomas Crown Affair, and many other icons. MGM has one of the industry's most exciting upcoming film slates, including House of Gucci, No Time to Die, Respect, The Addams Family 2, and the untitled Paul Thomas Anderson film. Catalog also includes 17,000 TV shows, including thousands of fan favorites like The Handmaid's Tale, Fargo, and Vikings. Collectively, MGM has won more than 180 Academy Awards and 100 Emmys.

SEATTLE & BEVERLY HILLS, Calif. (BUSINESS WIRE) May 26, 2021 Amazon (NASDAQ: AMZN) and MGM today announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM's heritage and catalog of films, and provide customers with greater access to these existing works. Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling.

MGM has a vast catalog with more than 4,000 films-12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Thelma & Louise, Tomb Raider, The Magnificent Seven, The Pink Panther, The Thomas Crown Affair, and many other icons-as well as 17,000 TV shows-including Fargo, The Handmaid's Tale, and Vikings-that have collectively won more than 180 Academy Awards and 100 Emmys, said Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios. 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.

It has been an honor to have been a part of the incredible transformation of Metro Goldwyn Mayer. To get here took immensely talented people with a true belief in one vision. On behalf of the Board, I would like to thank the MGM team who have helped us arrive at this historic day, said Kevin Ulrich, Chairman of the Board of Directors of MGM. I am very proud that MGM's Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM's storied history with Amazon is an inspiring combination.

Completion of this transaction is subject to regulatory approvals and other customary closing conditions.

###

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's Most Customer-Centric Company, Earth's Best Employer, and Earth's Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

About MGM

MGM is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world's deepest libraries of premium film and television content. For more information, visit www. MGM.com.

Cautionary Statement Regarding Amazon Forward-Looking Statements

Amazon's statements related to the proposed acquisition of MGM contain forward-looking statements, including statements regarding expected benefits of the acquisition. Actual results could differ materially from those projected or forecast in the forward-looking statements. Factors that could cause actual results to differ materially include the following: the conditions to the completion of the transaction may not be satisfied, or the regulatory approvals required for the transaction may not be obtained on the terms expected, on the anticipated schedule, or at all; closing of the transaction may not occur or may be delayed, either as a result of litigation related to the transaction or otherwise; Amazon may be unable to achieve the anticipated benefits of the transaction; revenues following the transaction may be lower than expected; the duration and scope of the COVID-19 pandemic, including any recurrence, may affect the results of operations; operating costs, customer loss, and business disruption (including, without limitation, difficulties in maintaining relationships with employees, partners, and commercial counterparties) may be greater than expected; Amazon may assume unexpected risks and liabilities; completing the transaction may distract Amazon's management from other important matters; and the other factors discussed in Risk Factors in Amazon's Annual Report on Form 10-K for the fisca
LINK: https://creativecow.net/amazon-to-acquire-mgm/...
See more stories from creativecow

More from Creative COW

04/07/2025

Introducing CVP Auctions: Trusted Tech, At Auction-Only Prices

Introducing CVP Auctions: Trusted Tech, At Auction-Only Prices Brie Clayton July 4, 2025 0 Comments A New Destination for Film and Broadcast Gear at U...

04/07/2025

Unveiling China's Ecological Wonders with URSA Mini Pro 12K

Unveiling China's Ecological Wonders with URSA Mini Pro 12K Brie Clayton July 4, 2025 0 Comments Nature Documentaries Freeze Epic Momentsin Extrem...

04/07/2025

Create Any Planet in After Effects

Create Any Planet in After Effects Graham Quince July 4, 2025 0 Comments The Advanced 3D renderer in After Effects makes it really easy to import 3D o...

04/07/2025

Custom Gradient Colorize for Resolve Fusion

Custom Gradient Colorize for Resolve Fusion Simon Ubsdell July 4, 2025 0 Comments Digging into the theory of the gradient colorize process to build ou...

04/07/2025

Other World Computing Launches OWC Guardian USB-C Hardware-Encrypted Portable SSD

Other World Computing Launches OWC Guardian USB-C Hardware-Encrypted Portable SS...

04/07/2025

CANAL+ Brings MotoGP to Vision Pro with Blackmagic URSA Cine Immersive

CANAL Brings MotoGP to Vision Pro with Blackmagic URSA Cine Immersive Brie Clayton July 3, 2025 0 Comments Experience MotoGP like never before as CA...

03/07/2025

Chaos Releases V-Ray for Blender

Chaos Releases V-Ray for Blender Brie Clayton July 2, 2025 0 Comments Production-Proven Renderer V-Ray Arrives Natively in Blender for the First Time;...

03/07/2025

Calvin University Adds Blackmagic Replay to Broadcasts and Streams

Calvin University Adds Blackmagic Replay to Broadcasts and Streams Brie Clayton July 2, 2025 0 Comments Replay workflow joins 14 Blackmagic Design cam...

01/07/2025

COW Job Listing: Laser Engraved Logo

COW Job Listing: Laser Engraved Logo Brie Clayton July 1, 2025 0 Comments Laser engraved logo July 3, 2025CANAL Brings MotoGP to Vision Pro with Bl...

01/07/2025

LeGrow.Studio Builds Broadcast Hub for ePro League

LeGrow.Studio Builds Broadcast Hub for ePro League Brie Clayton July 1, 2025 0 Comments TEM Constellation HD and BlackmagicURSA Broadcast G2 drive liv...

01/07/2025

Beeble launches SwitchLight 2.0, bringing AI-powered relighting to any footage

Beeble launches SwitchLight 2.0, bringing AI-powered relighting to any footage Brie Clayton July 1, 2025 0 Comments New AI model delivers full-scene p...

01/07/2025

Steffie Beltt's Mi Amor Music Video Created with Blackmagic Design

Steffie Beltt's Mi Amor Music Video Created with Blackmagic Design Brie Clayton July 1, 2025 0 Comments Blackmagic PYXIS 6K digital film camera...

30/06/2025

PremiumBeat Tips and Tricks

PremiumBeat Tips and Tricks Brie Clayton June 30, 2025 0 Comments When editing to impress, you'll need quality music, and if your studio happens t...

28/06/2025

The 48th Annual Indian National Finals Rodeo Shot with Blackmagic PYXIS 6K

The 48th Annual Indian National Finals Rodeo Shot with Blackmagic PYXIS 6K Brie Clayton June 27, 2025 0 Comments Filmmaker Cameron Mackey relied on Bl...

28/06/2025

Social, Streaming Don't Compete, They Compliment

Social, Streaming Don't Compete, They Compliment Andy Marken June 27, 2025 0 Comments I think we've all arrived at a very special place. Spir...

28/06/2025

Blackmagic Design Captures Filipino Rock Band Drama Singtala

Blackmagic Design Captures Filipino Rock Band Drama Singtala Brie Clayton June 27, 2025 0 Comments Blackmagic URSA Mini Pro 12K and DaVinci Resolve St...

28/06/2025

Enhance Videos Faster with Aiarty Video Enhancer - Offline, Sharp, and Natural

Enhance Videos Faster with Aiarty Video Enhancer - Offline, Sharp, and Natural Brie Clayton July 1, 2025 0 Comments If you've used AI video tools ...

25/06/2025

Covert Brings Boss' VFX To New Lenovo Legion Campaign

Covert Brings Boss' VFX To New Lenovo Legion Campaign Brie Clayton June 25, 2025 0 Comments Creative studio Covert recently contributed VFX to A...

25/06/2025

TBS Drama Series Extremely Inappropriate! Uses DaVinci Resolve Studio

TBS Drama Series Extremely Inappropriate! Uses DaVinci Resolve Studio Brie Clayton June 25, 2025 0 Comments Tokyo Broadcasting System's hit comedy...

25/06/2025

How Tulpa Studio Built a Broadcast Ready Workflow on a Budget

How Tulpa Studio Built a Broadcast Ready Workflow on a Budget Brie Clayton June 24, 2025 0 Comments Founder Michelangelo Ingrosso reveals how Blackmag...

25/06/2025

Covert Promotes Ben Dubois To Executive Producer/Head Of Client Partnerships

Covert Promotes Ben Dubois To Executive Producer/Head Of Client Partnerships Brie Clayton June 24, 2025 0 Comments Creative studio Covert has promoted...

25/06/2025

Content Credentials are now available in Adobe Premiere Pro

Content Credentials are now available in Adobe Premiere Pro Colin Smith June 24, 2025 0 Comments This tutorial demonstrates how to incorporate content...

25/06/2025

The Secret of Resolve's Missing Blend Mode

The Secret of Resolve's Missing Blend Mode Simon Ubsdell June 24, 2025 0 Comments Uncovering an important blend mode missing from both Resolve and...

24/06/2025

Asahi Broadcasting Nagano Uses Blackmagic Cloud Workflow

Asahi Broadcasting Nagano Uses Blackmagic Cloud Workflow Brie Clayton June 23, 2025 0 Comments DaVinci Resolve Studio timelines shared with remote tea...

24/06/2025

11GB of Free Adobe Sound Effects?! Here's Where to Get Them

11GB of Free Adobe Sound Effects?! Here's Where to Get Them Graham Quince June 24, 2025 0 Comments Did you know Adobe has a huge library of free s...

21/06/2025

Sonnet Announces Echo 20 Thunderbolt 4 SuperDock Now Verified as an Engineered for Intel Evo Laptop Accessory

Sonnet Announces Echo 20 Thunderbolt 4 SuperDock Now Verified as an Engineered f...

21/06/2025

Brooklyn Quarter's New Film Shot with URSA Mini Pro 12K OLPF

Brooklyn Quarter's New Film Shot with URSA Mini Pro 12K OLPF Brie Clayton June 20, 2025 0 Comments Shot on steps of an LA home, micro comedy Poop...

18/06/2025

Avid delivers game-changing Splice integration to power music creators with new Pro Tools release

Avid delivers game-changing Splice integration to power music creators with new ...

18/06/2025

Gencom Technology Upgrades Fijian Parliament's Video Monitoring Distribution System with AJA Dante AV 4K Solutions

Gencom Technology Upgrades Fijian Parliament's Video Monitoring Distribution...

18/06/2025

3D Model Not Showing in After Effects? Fix It Fast with These Tips!

3D Model Not Showing in After Effects? Fix It Fast with These Tips! Graham Quince June 18, 2025 0 Comments Imported a 3D model into After Effects, but...

18/06/2025

COW Job Listing: Video Editor Needed for Special Birthday Slideshow Project

COW Job Listing: Video Editor Needed for Special Birthday Slideshow Project Brie Clayton June 18, 2025 0 Comments Video Editor Needed for Special B...

18/06/2025

Documentary Storytelling Through Spatial Video with Blackmagic Design

Documentary Storytelling Through Spatial Video with Blackmagic Design Brie Clayton June 18, 2025 0 Comments DaVinci Resolve Studio underpins a blend o...

14/06/2025

San Francisco State University's School of Cinema Uses Blackmagic Design

San Francisco State University's School of Cinema Uses Blackmagic Design Brie Clayton June 13, 2025 0 Comments More than 40 Blackmagic Design came...

14/06/2025

Boris FX Mocha Pro Adds New AI Tools To Tackle VFX Tasks Fast

Boris FX Mocha Pro Adds New AI Tools To Tackle VFX Tasks Fast Jessie Electa Petrov June 13, 2025 0 Comments The 2025.5 release helps artists work more...

14/06/2025

AJA Debuts DRM2-Plus Mini-Converter Frame at InfoComm 2025

AJA Debuts DRM2-Plus Mini-Converter Frame at InfoComm 2025 Brie Clayton June 13, 2025 0 Comments Next-gen frame addresses diverse rackmount needs wit...

13/06/2025

PALI's Nena Music Video Shot with Blackmagic Design

PALI's Nena Music Video Shot with Blackmagic Design Brie Clayton June 12, 2025 0 Comments Blackmagic Cinema Camera 6K and DaVinci Resolve Studio b...

13/06/2025

OddBeast Powers Up iRobot's Newest Roombas with Suite of CGI Launch Assets

OddBeast Powers Up iRobot's Newest Roombas with Suite of CGI Launch Assets Brie Clayton June 12, 2025 0 Comments The motion design and production ...

10/06/2025

DaVinci Resolve Studio Used on New Zealand's Shortland Street

DaVinci Resolve Studio Used on New Zealand's Shortland Street Brie Clayton June 10, 2025 0 Comments The Finishing Suite's Alastair Tye Samson ...

10/06/2025

New ARRI Network Interface Adapter NIA-1 expands camera and lens control via Ethernet

New ARRI Network Interface Adapter NIA-1 expands camera and lens control via Eth...

10/06/2025

Kokufucho CATV Uses Blackmagic Design Workflow for Sub Control Room

Kokufucho CATV Uses Blackmagic Design Workflow for Sub Control Room Brie Clayton June 10, 2025 0 Comments Studio operations centered around ATEM live ...

10/06/2025

Lock Layer Position with Expressions - Stop Accidental Moves!

Lock Layer Position with Expressions - Stop Accidental Moves! Graham Quince June 10, 2025 0 Comments Tired of accidentally dragging your layers in Aft...

10/06/2025

MKV format support, FINALLY in Adobe Premiere Pro

MKV format support, FINALLY in Adobe Premiere Pro Colin Smith June 10, 2025 0 Comments This tutorial showcases the capability to import MKV video file...

08/06/2025

COW Job Listing: Hiring Video Editor, Remote

COW Job Listing: Hiring Video Editor, Remote Brie Clayton June 8, 2025 0 Comments Hiring Video Editor Maker.co May 30, 2025COW Job Post: After Eff...

07/06/2025

Editz Used DaVinci Resolve Studio for Editing Feature Anime Look Back

Editz Used DaVinci Resolve Studio for Editing Feature Anime Look Back Brie Clayton June 6, 2025 0 Comments DaVinci Resolve and Blackmagic Cloud make a...

07/06/2025

OWC Launches 4TB Capacity of Its Blazing-Fast Aura Pro X2 SSD

OWC Launches 4TB Capacity of Its Blazing-Fast Aura Pro X2 SSD Brie Clayton June 6, 2025 0 Comments Expanded Storage Option Delivers Up to 32x More St...

07/06/2025

Dalet Appoints Tamara Saunders as Chief Financial Officer

Dalet Appoints Tamara Saunders as Chief Financial Officer Brie Clayton June 6, 2025 0 Comments Saunders brings extensive global enterprise experience ...

05/06/2025

Animate 3D paths around the world in After Effects

Animate 3D paths around the world in After Effects Graham Quince June 5, 2025 0 Comments For this video, I show off a technique that involves no 3rd-p...

05/06/2025

Autodesk Launches MotionMaker in Maya: AI Tool Helps Artists Animate in Minutes, Not Weeks

Autodesk Launches MotionMaker in Maya: AI Tool Helps Artists Animate in Minutes,...

05/06/2025

The Live Stream King Uses Blackmagic Design for Live Events

The Live Stream King Uses Blackmagic Design for Live Events Brie Clayton June 5, 2025 0 Comments Blackmagic Design powers modular OB truck for a diver...