Statement by E-Commerce Giant Amazon to Take Over MGM

  Statement by E-Commerce Giant Amazon to Take Over MGM In Hollywood, Amazon's announcements in negotiations to buy MGM for about $ 9 billion continued today. News of the potential deal started leaking hours after the US giant telecom company AT&T agreed to merge WarnerMedia studios with Discovery. Neither Amazon nor MGM has yet commented or denied on their talks. Analysts said this deal will allow the famous studio to have easy access to new movies. They also added that the explosion of streaming streams such as Amazon (AMZN (NasdaqGS) $3,199.99 -32.29(-1.00%), Apple + and Netflix made studios realize that the trajectory of home viewing is permanent. Apart from rumors of these mergers, speculation is circulating that Apple AAPL (NasdaqGS) $123.75 -1.10(-0.88%)  will be bidding for other studios such as Sony Pictures and Lionsgate. Fox is already owned by Disney, Universal Comcast, and Paramount by ViacomCBS. Today, cinema owners said an Amazon deal for MGM would not hurt them despite the additional power that Amazon Prime would provide streaming offer. Tim Richards, CEO of the VUE chain, predicted that Amazon would still release theatrical versions before releasing MGM's blockbusters.

In Hollywood, Amazon's announcements in negotiations to buy MGM for about $ 9 billion continued today.

Sanchit Jain, technology and media analyst at research group Enders, said, “The company will mostly be keen on MGM's rich hit library and high-quality production team, even investing in new productions to attract new subscribers to the Prime Video service and that with Amazon it's all about subscription growth. " He added, however, that according to Jain, Amazon could switch to owning movies through MGM studio as part of a "multi-channel" strategy. This means that recently, studios can now buy theater chains. Citing Disney's acquisition of Marvel Studios as an example of this, he stated that superhero fans can broadcast the DoJ decision, where they will see these movies in a Disney cinema and then the TV series on Disney Plus, thereby becoming a Disney theme park. In Hollywood, Amazon's announcements in negotiations to buy MGM for about $ 9 billion continued today.  

Source: Yahoo.Finance

 

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