ibtime.org
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
ibtime.org
No Result
View All Result
Home BUSINESS

MGM and Amazon to Finally Tie the Knot

admin by admin
March 25, 2022
in BUSINESS
0
The Real Estate Sector
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

It’s official- Amazon will, indeed, be taking over MGM studios and their nearly-century long catalog of content. This news means there’s a big shift coming in the streaming space, but for now, details on exactly how are scarce. Brandon Blake of Blake & Wang P.A gives the entertainment attorney’s perspective on the new merger.

The Impact on Theatrical Release

An Amazon spokesperson has assured us that this will not alter how MGM titles are handled theatrically, for now. Despite taking over a catalog of over 17,000 TV episodes and 4,000 films, Amazon and MGM will continue to support theatrical releases for old MGM properties. However, they’ve left the door open for future changes, too, saying that there will be no one-size-fits-all approach to future releases. There’s been no commitment made to windows or further details, either. Take that as you please.

 

In taking over the studio, of course, they will also be assuming its existing joint ventures and distribution operations, which cannot be put to the side lightly. MGM pulled in over $300M in domestic box office numbers last year. Amazon, meanwhile, has been pulling back from using separate distributors, once its favored model, in favor of in-house operations. No change to existing destination details for in-production MGM properties will take place.

Difficult Deals

MGM’s complex century-spanning deals will be difficult to sort through, for sure. For example, an existent 1986 deal with Turner, currently part of AT&T, but about to be spun off themselves to WarnerMedia Discovery, owns the pre-May 1986 MGM movie catalog, alongside others, meaning Amazon will not (yet) be able to mine many of the entities it’s technically taken control of.

 

For staff, surprisingly, the way forward seems clearer. No layoffs are anticipated at present. While some Amazon big-wigs will be onboarded to lead combined teams, we have little details on how other senior leadership will be impacted, however.

For now, there’s little else transparent about the $8.5B deal. All regulatory hurdles have been passed without fuss, although an FTC spokesperson has stated that they ‘won’t hesitate’ to challenge the deal post-close if it’s found to be in breach anywhere. Amazon does have a current clash with the FTC over a wider antitrust probe underway, which may sour things as they develop.

For now, Amazon seems keen to assure us that it will be business-as-usual for MGM, while playing their cards close to their chest on how future developments and deals will be shifted. We can, of course, assume it will be all made in their favor over time, and I anticipate seeing much shift in future-forward distribution deals to bring them all home to roost in Amazon’s pockets. This streamer has been very closed indeed in revealing critical data to interested parties, part of the issue at stake in the antitrust probe, so further speculation will have to await what details we do see revealed.

For now, however, we can at least acknowledge that this will be an immense change in the entertainment landscape, and one skewing heavily in the streamer’s favor, at least over time. We will definitely be awaiting further developments with much interest.

Also read this My Investment Playbook

No related posts.

admin

admin

Related Posts

How to invest in real estate with a self-directed IRA
BUSINESS

How to invest in real estate with a self-directed IRA

March 31, 2023
Starting a Business in Hungary
BUSINESS

Starting a Business in Hungary

January 9, 2023
Grades count. Make the most of your assignment by following these study hacks!
BUSINESS

Grades count. Make the most of your assignment by following these study hacks!

November 13, 2022
Next Post
What Do Packers and Movers Do?

What Do Packers and Movers Do?

. Harley Street Healthcare Reviews

Guide to Getting Hair Restoration By Harley Street Healthcare Reviews

cigar boxes

Why do cigars in need of cigar boxes?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

  • 87.1k Followers

Recommended

Starting a Business in Hungary

Starting a Business in Hungary

3 months ago
eBook

Benefits of eBook Publishing Services

1 year ago
Why can’t you put out a fire from inside the house?

Why can’t you put out a fire from inside the house?

1 year ago
Use Of Silicon Carbide Ceramics In Various Industries

Use Of Silicon Carbide Ceramics In Various Industries

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Apps/Softwares
  • Automotive
  • Beauty
  • BUSINESS
  • Culture
  • Digital Marketing
  • EDUCATION
  • Entertainment
  • Fashion
  • Finance
  • Food & Drink
  • Gadgets
  • Gaming
  • HEALTH
  • Home
  • Home Improvement
  • LIFESTYLE
  • Marketing
  • National
  • News
  • Opinion
  • Politics
  • Real Estate
  • Review
  • SEO
  • Social Media
  • SPORTS
  • TECH
  • Technology Tips
  • Travel
  • Uncategorized
  • World

Topics

#homedecor #homeimprovement #interiordesign 2018 FIFA World Cup 2018 League Asian Games 2018 Balinese Culture Bali United Beauty benefits of copper pipes Budget Travel buy Instagram followers Buy Property with Bitcoin Dubai Buy Property with Crypto Dubai Car Service New York car wash Chopper Bike content writing services credit card Custom Boxes Custom Boxes With Logo custom display boxes Custom Packaging Boxes digital marketing Donut Boxes Erectile Dysfunction fitness flyttstädning health healthcare Home Decor Home loan instagram iOS Istana Negara Market Stories National Exam NFT Marketplace Property Management in Dubai Property Management Services in Dubai Real Estate Seo Tech travel Visit Bali
No Result
View All Result

Siteoutreach.com

Highlights

What are Online Slots with Free Spins?

What are progressive slots? 

Things To Consider Before Trying a Neem Wash Face

Starting a Business in Hungary

4 Reasons Why You Should Not Get Angry When Your Child Is Making A Mess

What does it take to hire a Professional Hacker?

Trending

How to invest in real estate with a self-directed IRA
BUSINESS

How to invest in real estate with a self-directed IRA

by admin
March 31, 2023
0

Investing in real estate with a self-directed IRA can be an excellent way to generate passive income...

Compression Garments to Reduce Cellulite on the Legs

Compression Garments to Reduce Cellulite on the Legs

March 14, 2023
BEST TIPS TO GET RID OF DANDRUFF

BEST TIPS TO GET RID OF DANDRUFF

February 23, 2023
What are Online Slots with Free Spins?

What are Online Slots with Free Spins?

January 24, 2023
What are progressive slots? 

What are progressive slots? 

January 24, 2023
ibtime.org

Navigate Site

  • About
  • Advertise
  • Careers
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion