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With $8.45 billion MGM deal, Amazon scripts its own Hollywood plot twist

The deal to amass MGM is the most important transfer but by Amazon in Hollywood, as Jeff Bezos prepares to step down as Amazon CEO. (GeekWire Picture Illustration.)

Amazon’s settlement to amass MGM for $eight.45 billion has all of the makings of an excellent script, combining a Hollywood icon with an Web powerhouse.

However will this unlikely pairing be a large blockbuster or a large flop?

Becoming a member of us to evaluate the scenario on this episode of the GeekWire Podcast is Sam Blake, a reporter who covers leisure and media for dot.LA, the know-how information web site for Southern California.

Right here’s how he put the information in perspective in his coverage this week: “Ninety-six years after Metro Photos, Goldwyn Photos and Louis B. Mayer Photos merged to type MGM Studios, the Hollywood mainstay finest identified for its roaring lion mascot is about to affix a trillion-dollar enterprise empire finest identified for promoting home items over the web.”

MGM would supply Amazon with greater than four,000 movies and 17,000 TV exhibits which have collectively received greater than 180 Academy Awards and 100 Emmys.

The movie library consists of the James Bond and Rocky franchises, in addition to tv exhibits corresponding to “The Handmaid’s Story” and “Fargo,” and actuality exhibits corresponding to “Shark Tank” and “Survivor.”

Amazon’s MGM acquisition could be the second-largest deal within the Seattle firm’s historical past, behind its $13.7 billion buy of Complete Meals in 2017.

The deal is topic to regulatory approval. It was introduced throughout the identical week that Washington, D.C.’s lawyer normal filed go well with towards Amazon.

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Extra protection: Bezos, Jeff Bezos, strikes once more in billion-dollar bid for Bond and MGM – and social media shoots again

Edited and produced by Curt Milton; theme music by Daniel L.Ok. Caldwell.