Amazon Officially Buys ‘James Bond’ Studio MGM For $8.45 Billion

The price is billion, $8.45 billion.

Amazon is officially buying MGM for $8.45 billion, giving the company the rights to the James Bond franchise among others.

After weeks of speculation and rumors, Amazon has announced that it is officially buying MGM for an eye-watering $8.45 billion. The company will acquire MGM’s huge catalogue of movies, which will hugely bolster Amazon’s streaming service, Amazon Prime Video and offer a variety of different franchises. For the moment it’s not clear whether the James Bond films will eventually be available on the platform but it seems highly likely.

Obviously the next James Bond film has been delayed a number of times due to the ongoing pandemic, but it’s now slated to arrive in October this year. It’ll be interesting to see how Amazon buying MGM affects the release in any way in the future. In a statement released to the press, Mike Hopkins, senior VP of Prime Video and Amazon Studios, called MGM’s catalogue a treasure trove of IP and that Amazon plans to develop it further. Take a look below.

“The real financial value behind this deal is the treasure trove of [intellectual property] in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling.”

What do you make of Amazon buying MGM? How do you think it’ll affect the James Bond franchise and others going forward? Sound-off in the comments below.

Here is the official synopsis for Daniel Craigs last James Bond film, No Time to Die:

Bond has left active service and is enjoying a tranquil life in Jamaica. His peace is short-lived when his old friend Felix Leiter from the CIA turns up asking for help. The mission to rescue a kidnapped scientist turns out to be far more treacherous than expected, leading Bond onto the trail of a mysterious villain armed with dangerous new technology.

Directed by Cary Joji Fukunaga, No Time to Die stars Daniel Craig, Ralph Fiennes, Naomie Harris, Ben Whishaw, Lea Seydoux, Rory Kinnear, Jeffrey Wright, Rami Malek, Ana de Armas, Lashana Lynch, Billy Magnussen, David Dencik, and Dali Benssalah.

No Time To Die is now scheduled to hit U.S. theaters on October 8, 2021. Stay tuned to Heroic Hollywood for all the latest news surrounding the Amazon-MGM deal, and make sure to subscribe to our YouTube channel for more content!

Eammon Jacobs

Eammon Jacobs

British dork who can be found online raving about how good Tron: Legacy is.