![]() ![]() said it would spin off WarnerMedia in a $43-billion deal with Discovery, a remarkable retreat for the telecommunications giant only three years after it bought the assets.įor Amazon, the principal attraction is MGM’s valuable library, which includes 17,000 episodes of TV programming and a stable of film properties that could be mined for reboots.Īmazon already has a studio of its own, based in Culver City and run by former NBC executive Jennifer Salke since 2018. The rapid changes are fueling a wave of consolidation in the media landscape. It comes at a pivotal time as competition ramps up among streaming services such as Netflix, Disney+ and HBO Max, where hit shows are key to driving consumers to subscribe. The deal, subject to regulatory approval, would be the Seattle online retail giant’s second-largest purchase ever, following its $13.7-billion acquisition of Whole Foods in 2017. ![]() said Wednesday that it is acquiring Metro-Goldwyn-Mayer Studios for $8.45 billion - snapping up a library of more than 4,000 movies and storied franchises including “James Bond,” “Rocky” and “The Pink Panther” - in a watershed moment for the entertainment industry. After years of speculation about the merging of Big Tech and Hollywood, Inc. ![]()
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