Your Amazon Prime Video subscription will soon include more titles as a result of the partnership.
Amazon has finally acquired Metro-Goldwyn-Mayer (MGM), despite the Federal Trade Commission blocking the deal (FTC). Amazon is purchasing the complete MGM collection for $8.45 billion, which is rather astounding.
MGM will also be involved in Amazon’s future content creation efforts.
Why did Amazon decide to purchase MGM?
Amazon and MGM have been working on a deal for over a year. However, the transaction had to be reviewed by the FTC to guarantee that antitrust laws were not broken, which is a time-consuming process.
For years, Amazon has been working to expand its already large library of movies and television episodes, investing billions in production and attempting to provide more material to its customers.
What Does Amazon’s Purchase of MGM Mean for Prime Video?
The most impressive aspect of the transaction is that MGM material will soon be available on Amazon. What exactly is MGM’s content? Since its inception in 1924, MGM has produced a plethora of films, including the James Bond series, Rocky, The Addams Family, Legally Blonde, and others. They’ve recently published House of Gucci.
Mike Hopkins, senior vice president of Amazon Studios and Prime Video, stated:
“MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience.”
In short, many titles are coming to Amazon Prime Video customers, which may explain the price increase. There are around 4,000 movies and 17,000 TV episodes in the whole archive, as well as recordings of the Academy Awards and Emmy Awards.
Obviously, not all of it will be available on Amazon Prime Video at the same time, especially given continuing licensing agreements. The future, on the other hand, will definitely offer a slew of new games. MGM’s chief operating officer, Chris Brearton, has voiced his enthusiasm for the company’s brands, films, and series, as well as the entire team and creative partners, joining Prime Video.
Amazon will not only gain access to thousands of MGM productions, but it will also gain access to additional exclusive content in the future.
Is Amazon Prime Video Increasingly Expensive for No Reason?
Many have questioned if Amazon Prime Video’s recent price increase was justified, but with more content on the way and future ventures planned alongside MGM, it appears to be a worthwhile investment.