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Amazon in Talks To Acquire MGM Studios For $10 Billion

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Amazon is in talks to buy MGM Studios
Amazon is in talks to buy MGM Studios
Amazon is in talks to buy MGM Studios

Amazon has been investing in the media arm of its empire as of late, spending $11 billion last year on television programming, music, and movies for its Prime service—a 40% increase from the year before. Amazon Prime has more than 200 million subscribers worldwide, with Bezos recently telling investors that 175 million of those subscribers streamed content on Prime Video in the last year. Just last week Amazon brought back former top executive Jeff Blackburn to oversee a combined global media and entertainment group.

Amazon Reportedly In Talks to Buy MGM Studios

Amazon is reportedly several weeks into negotiations on a deal to buy MGM studio, the Hollywood studio behind the “James Bond” franchise, for between $7 billion and $10 billion.

The legendary studio — whose film and TV catalog includes everything from “Silence of the Lambs” to “Shark Tank” — has been up for sale since late last year, and has long been seen as a possible target for a tech giant.

But according to reports, the Seattle-based e-tailer’s interest in snapping up the studio has become serious, as Amazon’s Prime Video streaming service faces increasingly stiff competition with fast-growing rivals like Netflix and Disney+.

The deal is said to be orchestrated by Mike Hopkins, senior vice president of Amazon Studios and Prime Video, directly with MGM Studio board chairman Kevin Ulrich, whose Anchorage Capital is a major MGM shareholder, Variety said Tuesday.

If a sale were to happen, it would represent Amazon’s biggest play in the content game after years of speculation that the retail giant was in the market for acquisitions. In December, MGM studio hired Morgan Stanley and LionTree LLC to launch a formal sale process.

Reps for both MGM Studio and Amazon declined to comment on what each company described as “rumors and speculation.”

Along with its film and TV library, MGM Studio also owns premium cable network Epix, which earlier this year expanded its partnership with Paramount to make films licensed to the network available for streaming on Paramount+.

In 2019, the MGM studio grossed just over $23 million at the domestic box office — and last year’s releases have been delayed by the pandemic, including the expected blockbuster 25th Bond film, “No Time to Die,” which is currently aiming for an October 2021 release in theaters. Other films set for release by the studio include Michael B. Jordan’s “Creed III” and Ridley Scott’s “House of Gucci” starring Adam Driver and Lady Gaga.

The news of Amazon’s interest in MGM studio comes just hours after AT&T reached a deal to spinoff WarnerMedia in a merger with Discovery. With multiple media companies launching their own streaming services, pressure is mounting among the industry’s biggest companies to acquire smaller studios and media entities in an effort to increase the amount of content they can offer to customers.

Since classic films and TV shows provide an easy way to bolster a streamer’s content pool, studios like MGM studio, which holds one of the largest film archives in the industry thanks to its status as one of Hollywood’s oldest studios, a major target as media consolidation ramps up. In addition to the James Bond and “Rocky” franchises,” MGM studio produces TV hits such as “The Handmaid’s Tale” and “Vikings” as well as reality TV shows like “Survivor” and “The Voice.” The studio’s library includes a 4,000 film titles and 17,000 hours of TV programming.

Amazon, meanwhile, has been rapidly building its media division, having spent $11 billion in 2020 on movies, TV shows, and music for its Amazon Prime service. In addition, the company recently arranged for Jeff Blackburn, who had departed Amazon this past February, to return next month as SVP of a new media division that will encompass all of the company’s media services, including Amazon Prime, Twitch, Audible, and Amazon Studios.

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Celebrity

Sidney Poitier’s Cause Of Death Revealed

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Sidney Poitier's cause of death

Sidney Poitier combat various medical issues before his passing on January 6. As indicated by the demise authentication got by TMZ, the prompt reason for death of the exploring star is recorded as cardiopulmonary disappointment or cardiovascular breakdown noticed that he was experiencing Alzheimer’s dementia and prostate malignant growth.

Poitier passed on at his own home in Beverly Hills at 94 years old. Records show that he will be incinerated.

A Poitier representative declined to comment on Yahoo Entertainment’s request for comment. Poitier, the first black man to win an Oscar for Best Actor in 1964, was known for iconic films including In the Heat of the Night, Guess Who’s Coming to Dinner and The Defiant Ones.

The Bahamian-American star was even more influential as an activist in the civil rights era. Poitier’s family confirmed his death earlier this month.

Sidney Poitier's Cause Of Death Revealed

There is no word to depict the profound sensation of misfortune and melancholy we are encountering at present. We are extremely thankful that he had the option to spend his last days encompassed by his loved ones.

To us Sydney Poitier was not just a splendid entertainer, specialist and a man of amazing elegance and moral conviction, he was a given and cherishing spouse, a strong and caring dad and a man who generally put family first, “the family said in an assertion.

“He is our guiding light who brightened our lives with endless love and wonder. Her smile was recovering, her embrace was the most pleasing safeness, and her smile was contagious.

We can still return to her for wisdom and comfort and her absence is an absence. It feels like a huge hole in our family and in our souls, “the message persisted.

Even though he is not extended with us in this empire, his beautiful spirit will continue to show us the way and inspire us. The family added.

His gift will live on in the earth, with his fantastic work as well as with his mankind. We might want to pass on our most genuine because of all of you around the world. Many are moved by our dad’s exceptional life, his decided person, and his anxiety for his associate.

His confidence in mankind has never died down, so realize that he cherishes you with all the adoration you have shown him. Toward the back.

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Fashion

Kendall Jenner Defends ‘Rude’ Black Multi-Cutout Dress She Wore To Best FRIEND’S Wedding

for the gathering — and the supermodel created a serious ruckus with her scarcely there Mônot LBD canvassed in patterns.

She decided to wear a Mônot cut-out dress, close by another model wearing a bridesmaid dress. In any case, her outfit turned into a subject of discussion via online media as numerous clients saw as the dress “improper” for the wedding.

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Kendall Jenner Defends 'Rude' Black Multi-Cutout Dress She Wore To Best FRIEND'S Wedding
Photo: instagram/laurenperez

Kendall Jenner terminated back at an analysis towards her dress at BFF Lauren Perez’s wedding.

Everyone’s eyes might have been on Kendall Jenner at BFF Lauren Perez’s wedding, yet the lady of the hour didn’t appear to mind.

After Jenner, 26, filled in as a bridesmaid close by Bella Hadid for the November 2021 pre-marriage ceremony, the gathering changed out of their blue silk dresses into isolated outfits for the gathering — and the supermodel created a serious ruckus with her scarcely there Mônot LBD canvassed in patterns.

She decided to wear a Mônot cut-out dress, close by another model wearing a bridesmaid dress. In any case, her outfit turned into a subject of discussion via online media as numerous clients saw as the dress “improper” for the wedding.

Kendall Jenner Defends 'Rude' Black Multi-Cutout Dress She Wore To Best FRIEND'S Wedding

instagram/laurenperez

After Perez ringed in, saying she thought Jenner looked “staggering” and that she “cherished” the look, the model herself answered, “@laurenperez obvi requested your endorsement ahead of time as well.”

While Jenner went an offbeat course with her bridesmaid clothing, the lady of the hour kept things conventional in a strapless Vera Wang outfit for her Jewish service in Miami — however she changed into a Vivienne Westwood dress and custom Nike Air Force 1s for the gathering.

Kendall Jenner dressed like a genuine supermodel at her companion Lauren Perez marries yesterday, wearing the sort of eye catching dark multi-pattern dress not many would to a marital. The model common different posts on her Instagram Story of her presenting in it close by her companions and individual visitors Hailey Bieber and Bella Hadid.

One individual stated: “Charming dress however nothing could be more awful for a wedding. All that cash and no class or thought for other people.”

Another analyst said she would have “requested that she leave” assuming it was her wedding, while a third said she would have requested that Jenner wear a coat over the dress.

Yet, Perez came to her companion’s protection and told an analyst on Instagram: “[Kendall] looked shocking and I cherished it!”

Jenner likewise left a remark explaining that she had requested Perez’s authorization to wear the dress at the gathering.

Fans called out Kendall Jenner’s revealing dress for being ‘in bad taste’

Now the 8th Biggest Movie of All Time, Spider-Man: No Way Home Box Office Up to $1.54 Billion

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Box Office

Now the 8th Biggest Movie of All Time, Spider-Man: No Way Home Box Office Up to $1.54 Billion

Spider-Man: No Way Home continues to rocket up the box office charts, even as the ever-increasing threat of the fast-spreading Omicron variant has pushed nearly all new theatrical releases.

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spiderman 03
Photo: Shutterstock

Spider-Man: No Way Home continues to rocket up the box office charts, even as the ever-increasing threat of the fast-spreading Omicron variant has pushed nearly all new theatrical releases. The new Spider-Man movie is now the eighth highest-grossing movie of all time, with a worldwide total of just under $1.54 billion (about Rs. 11,419 crore) as of this past Sunday. Spider-Man: No Way Home pushed past four huge movies this weekend, including The Avengers, Furious 7, Frozen II, and Avengers: Age of Ultron. In the US and Canada put together, the new Spider-Man movie is the sixth highest-grossing film of all time — now above Titanic and Jurassic World, with Avengers: Infinity War next in line.

spiderman no way home main

In its fourth weekend of release, Spider-Man: No Way Home grossed an additional $97.4 million (about Rs. 722 crore) globally, with $33 million (about Rs. 244 crore) coming from the aforementioned North American markets and the remaining $64.4 million (about Rs. 477 crore) being collected from cinemas in 63 territories elsewhere. With that, the split between the two — of that $1.54 billion total — comes down to $668.8 million (about Rs. 4,959 crore) in the US and Canada, and the rest $867.5 million (about Rs. 6,433 crore) from elsewhere around the world. Amazingly, Spider-Man: No Way Home has hit these heights without any help from China, where it still doesn’t have a release date.

spiderman 03

Meanwhile, with the new Spider-Man movie having spent three full weeks in theatres, co-producers Sony Pictures and Marvel Studios have decided to lift the veil on spoiler-y stuff. The actors involved can now stop lying. Yes, this means Spider-Man: No Way Home spoilers follow. Go away if you haven’t seen the movie.

Andrew Garfield, who returned as Peter Parker/ Spider-Man alongside Tobey Maguire and Tom Holland’s counterparts in the new Spider-Man movie, has addressed the lying they did in the run-up to release. Garfield said: “It was stressful, I’m not gonna lie. It was rather stressful but also weirdly enjoyable.” Garfield explained that he framed it all as a game in his head, and kept putting himself in the position of a Spider-Man fan.

“I placed myself in that position of, Well, what would I want to know? Would I want to be toyed with? Would I want to be lied to? Would I want to be kept on my toes guessing? Would I want to discover it when I went to the theater? Would I want to be guessing, guessing, guessing? [Yes,] I would want the actor to do an incredibly good job at convincing me he wasn’t in it. And then I would want to lose my mind in the theater when my instinct was proven right. That’s what I would want,” Garfield added.

spiderman 04 1

Meanwhile, with the new Spider-Man movie having spent three full weeks in theatres, co-producers Sony Pictures and Marvel Studios have decided to lift the veil on spoiler-y stuff. The actors involved can now stop lying. Yes, this means Spider-Man: No Way Home spoilers follow. Go away if you haven’t seen the movie.

Andrew Garfield, who returned as Peter Parker/ Spider-Man alongside Tobey Maguire and Tom Holland’s counterparts in the new Spider-Man movie, has addressed the lying they did in the run-up to release. Garfield said: “It was stressful, I’m not gonna lie. It was rather stressful but also weirdly enjoyable.” Garfield explained that he framed it all as a game in his head, and kept putting himself in the position of a Spider-Man fan.

“I placed myself in that position of, Well, what would I want to know? Would I want to be toyed with? Would I want to be lied to? Would I want to be kept on my toes guessing? Would I want to discover it when I went to the theater? Would I want to be guessing, guessing, guessing? [Yes,] I would want the actor to do an incredibly good job at convincing me he wasn’t in it. And then I would want to lose my mind in the theater when my instinct was proven right. That’s what I would want,” Garfield added.

Main Source Credit  : gadgets.ndtv.com

How To Watch Spider Man: No Way Home (2021) Stream Online Everything We Know Free

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