In this article we will know is amazon owns MGM or not.Remember that lion that roars before the movie begins. Turns out, it has been acquired by the biggest shark in town. Yes, that is correct. Amazon has acquired the rights of MGM and merged it into its company. Well, not officially. But it will, in 2022 sometime. Metro-Goldwyn-Mayer is a legend of yesteryear, and Amazon is of today. And when both are combined, the outcome is expected to be nothing less than historic. Amazon announced its acquiring MGM while the world gazed in surprise. What will happen to MGM? Is Amazon the new Netflix? Will movies get released in theaters? Let’s answer all the questions that may arise in your mind after hearing this baffling deal.
Reason for Amazon’s interest in buying MGM
MGM is one of the Big Five studios which has dominated the entertainment industry for more than forty years. And during its reign of fantastic forty years, it produced some of the most commercially successful films of all time. On the other hand, Amazon has emerged as one of the biggest companies in the world right now. And while Amazon is the biggest e-commerce website, it has decided to expand its horizon and cover as many services as possible. Its main reasons are:-
- Firstly, buying MGM opens the gates of many opportunities for Amazon, including reaching a wider audience.
- Secondly, Amazon will also get an increased production capacity.
- Thirdly, it will gain access to the James Bond series, and the Rocky films that would attract people to Prime.
- Fourthly, it will help increase the value of Prime membership.
- Lastly, it will help Amazon expand as a production company and increase its credibility by working with top actors and directors.
For how much is Amazon buying MGM?
Amazon has agreed on the payment of a huge amount of $8.5 billion for a 50% share in a dying studio. Seems crazy, right? But if Amazon is getting 4000 plus movies and over 17000 plus TV shows, it does not seem like a bad deal, right? It is the exact reason that Amazon has decided to pay such an outrageous amount to MGM. It is predicted that with the inclusion of the MGM channel, Prime Video will see an exponential rise in its prime members.
How will it benefit MGM?
MGM had been having a tough time since the early 90s and through the 2000s when other production houses such as Fox and Universal studios dominated the film arena. It was because of this that MGM had to suffer years of bankruptcy. Then came the COVID-19 pandemic that hit this traditional production house hard. Amazon’s extravagant offer has rekindled the hopes of reviving this iconic film company and pushing it back into the game. With Amazon’s vast platform, MGM will be able to showcase its content to a wider set of viewers and explore its full potential. And most importantly, Amazon will help preserve the heritage of this almost century-old studio production.
Will MGM movies release on Amazon Prime?
If you are a movie buff, you might be aware of the upcoming James Bond movie, No Time To Die. No need to be afraid. It seems that even though Amazon has acquired the rights, MGM is still releasing its films on the big screen. Nothing can be said, but there is no news if they plan to cease releasing films in the theater. Keeping in mind Amazon’s history of releasing its produced films on the silver screen like the Academy Award winner Manchester By the Sea, it seems unlikely.
Is Amazon going to overtake Netflix?
Netflix has created a niche in the streaming industry and has maintained its status as the most popular streaming platform globally. But ever since Amazon has announced it is acquiring the rights to MGM, Netflix seems under pressure. With MGM on its side, Prime has utilized a striking advantage and is slowly taking on Netflix. With Amazon’s ever-increasing gallery, Prime’s ambition of overtaking Netflix as the leading streaming website is not far off.
Conclusion
We know Amazon is becoming powerful day by day, and the MGM deal is an example of it. A deal such as this could be a breakthrough for Amazon and MGM. While Amazon will get more viewers, MGM will survive from sinking and being lost in the pages of history. This collaboration will even help you as you will get all your childhood favorites and the latest entertainment all on one platform.
Frequently Asked Questions
1.Is MGM free on Amazon Prime?
If you want to access the MGM channel’s content, you can subscribe to it on Amazon Prime by paying an extra amount of $4.99/per month. The content will be directly accessible to you through the Prime Video platform.
2.Are MGM movies and shows available on Amazon Prime?
The MGM movies like Legally Blonde, Thelma And Louise, and so on are on Amazon Prime, and you can stream them right now. But some films will gradually get added to the prime gallery.
3. What movies get included in MGM?
If you are looking for classics like The Wizard Of Oz, Singing In The Rain, Gone With The Wind, 2001: A Space Odyssey, you have to look elsewhere. MGM had sold the copyrights of all its films released before 1986 to WarnerMedia. So, you would not be able to locate it on Prime. However, movies like The Silence Of The Lambs, Fargo, and shows like The Handmaid’s Tale are available for you to binge.
4. When will Amazon take over MGM?
The announcement of the deal between the companies was on 26 May 2021. We know Amazon has not taken over MGM officially. However, it is expected to do so as soon as it gets approval.
