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Content material is King
Amazon (AMZN) is in discussions about shopping for famed film studio Metro Goldwyn Mayer. Rumors have swirled for years about an acquisition of MGM, the final unbiased film studio within the US. Final yr MGM employed bankers to solicit affords, aiming to capitalize on the competitors within the streaming service market which has pushed demand for content material catalogs.
Dealmaking Abounds within the Media Trade
This yr is shaping as much as be an energetic one for dealmaking within the media business. Because the begin of 2021, over $80 billion value of mergers and acquisitions have been introduced within the business. 2021 is on monitor to be the biggest yr of M&A for the media business since 2000.
MGM is engaging to suitors as a result of it boasts a catalog of roughly 4,000 films together with the James Bond collection, in addition to 17,000 episodes of programming together with The Handmaid’s Story. MGM has been in a position to stay unbiased through the years, at the same time as Time Warner (T), twenty first Century Fox (FOX), Paramount (VIAC), and different studios had been devoured up by bigger media firms.
Amazon Overhauls Media Unit
In an indication of Amazon’s ambitions within the leisure business, it just lately overhauled its media unit, naming long-time government Jeff Blackburn as head of Amazon’s total leisure division. The enterprise contains Prime Video, Amazon Studios, and Twitch, which is Amazon’s online game streaming web site.
Competitors within the video streaming market is pink sizzling, prompting main firms within the business to scramble for content material to draw viewers. With greater than 200 million Prime members, 175 million of which stream Prime Video every year, Amazon is in search of methods to maintain up its momentum by means of a possible acquisition of MGM.
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