Much of the coverage of Amazon’s $8.45 billion deal to acquire MGM has focused on the company’s film attributes and the impact on theatrical distribution.
The executive shuffle on the film side, featuring the likes of Michael De Luca, will get a lot of headlines, as will the importance of owning IP and a film library that can feed Amazon’s hungry video services. But the Lion’s television business has been one of its most profitable divisions in recent years and the mega-deal will certainly put a new focus on this unit.
There will be inevitable attention paid to which classic MGM film properties Amazon Prime Video and its sister streamer IMDb TV can reboot, but the deal could also have a major boost on the streamer’s unscripted fortunes. Then there are question marks over the future of Epix and of MGM Television as a stand-alone entity.
The executive shuffle on the film side, featuring the likes of Michael De Luca, will get a lot of headlines, as will the importance of owning IP and a film library that can feed Amazon’s hungry video services. But the Lion’s television business has been one of its most profitable divisions in recent years and the mega-deal will certainly put a new focus on this unit.
There will be inevitable attention paid to which classic MGM film properties Amazon Prime Video and its sister streamer IMDb TV can reboot, but the deal could also have a major boost on the streamer’s unscripted fortunes. Then there are question marks over the future of Epix and of MGM Television as a stand-alone entity.
- 5/26/2021
- by Peter White
- Deadline Film + TV
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