Last year, MGM Studios, the production company that owns sagas such as James Bond, began a pandemic odyssey to find a buyer. COVID-19 caused the release of ‘No Time To Die’ to be delayed several times, with Apple TV+ proposing prices of up to $400 million to be able to release it exclusively. After several months (and surely considering several offers), MGM and its entire movie catalog are going to Amazon. The purchase would have been made, for about 8.45 billion dollars.
What does this mean? That Apple users can now shake off the dream of watching Agent 007 movies on Apple TV+. That saga, along with those of ‘The Hobbit and ‘Rocky’. Some other movies like ‘Robocop’, ‘The Silence of the Lambs’ or ‘Thelma & Louise’ also pass into the hands of Amazon. We do not yet know the specific plans of this company, but presumably, all MGM material except some classics will swell Prime Video’s catalog.
MGM was one of the few major studios that were still not present in movie and series streaming catalogs. Little by little Netflix, HBO, Amazon, and Disney is taking over all the production companies, while Apple TV+ continues to focus on offering its content without including third-party content for a very reasonable monthly fee. We will see how the market evolves.
