Amazon in Talks to Acquire MGM in Deal Worth $9 Billion

Could 007’s future soon be on a streaming service?

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Amazon is in talks to acquire MGM and its James Bond library in a deal that is reportedly worth $9 billion, a well-placed source has told Collider.

Though such a deal has been rumored for weeks, the rumor intensified following Discovery’s deal to acquire WarnerMedia, prompting The Information to release a speculative report earlier on Monday, though multiple trades have since emptied their notebooks.

Deadline, for its part, claims that serious talks have been going on for the past week, and that neither Amazon nor MGM commented on the discussions. MGM has been among Hollywood’s highest-profile takeover targets for the past year, ever since the pandemic delayed the release of the next James Bond movie No Time to Die, which will be Daniel Craig‘s final film as 007.

MGM boasts a stacked library that includes a dozen Best Picture winners as well as the Rocky and Creed movies and TV shows such as Fargo, Survivor and The Handmaid’s Tale, plus the pay cable network Epix. The studio entertained offers for No Time to Die but was unable to reach a deal, and the film remains slated to hit theaters on Oct. 8.

Powered by Michael De Luca, MGM boasts a strong upcoming slate that includes Ridley Scott‘s star-studded House of Gucci as well as new films from Paul Thomas Anderson and Ron Howard, plus Creed 3 from director Michael B. Jordan. Stay tuned for more on this developing story…

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About The Author

Jeff Sneider
(1695 Articles Published)

Jeff Sneider is the Senior Film Reporter at Collider, where he breaks film and television news and curates the Up-and-Comer of the Month column in addition to hosting The Sneider Cut podcast and the awards-themed series For Your Consideration with Scott Mantz and Perri Nemiroff. A graduate of NYU’s Tisch School of the Arts, Jeff started his career at Ain’t It Cool News before moving to Los Angeles to write for Variety and later, TheWrap and Mashable. Jeff also served as Editor in Chief of The Tracking Board and has contributed to MTV Movies Blog, Hollywood Life magazine, Washington Square News and the Colorado Springs Independent. His Oscar picks have appeared on the LA Times’ Envelope site, and he agrees with screenwriter William Goldman who famously said of Hollywood, “nobody knows anything.” Jeff hails from Needham, Massachusetts and has never eaten a salad. He can be found on Twitter, Instagram, Cameo and Blogspot by searching his nom de plume @TheInSneider.

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