Amazon is thought to have made a $9bn offer to buy film studio MGM. A potential deal would include over 5,000 film titles, 17,000 TV hours, and the James Bond movie franchise. The company had revenues of $1.5bn in 2020. Its leading shareholder is Anchorage Capital which is keen to sell. The company has retained its independence despite pandemic pressures but has chosen to delay the release of the latest James Bond film until October this year, hoping for a $1bn box office take in cinemas in preference to streaming the film directly. Amazon is launching a new Global Media and Entertainment unit and spent $11bn on content in 2020. It now has 200m Prime members.
Amazon bids for MGM
