James Bond owner MGM ‘in talks’ to be purchased by Amazon in multi-billion dollar deal

The company behind James Bond, MGM, has reportedly been put up for sale, a new report says. Coming from The Information, MGM are apparently mulling over talks with tech conglomerate Amazon on a deal worth just under $10 billion. This news comes after “weeks of talks” between the two companies, and just a few months before the release of Bond 25 – No Time To Die.

Deadline reports further that the two companies have been discussing a takeover for some time.

They explained the talks have included a number of “sales presentations”, however, no word has come from either MGM or Amazon just yet.

Amazon is not the only company that has reportedly been looking at purchasing the home of 007.

Last year Apple was looking at buying the franchise, but things fell through when the price of the company skyrocketed.

.James Bond: Dave Bautista – ‘Spectre was a nightmare to film’

James Bond owner MGM ‘in talks’ to be purchased by Amazon in multi-billion dollar deal

James Bond could be bought up by Amazon (Image: GETTY)

James Bond daniel craig no time to die

James Bond: No Time To Die comes out later this year (Image: SONY)

.

  • ‘Elvis DIDN’T want to marry Priscilla’ so why did The King do it?

According to reports at the time, Apple would not go for the $10 billion-plus price tag.

Deadline adds that MGM have been valued at $6 billion.

James Bond has been an MGM franchise for over 40 years at this point after it absorbed United Artists.

The popular British spy franchise has been happily supported by MGM with hundreds of millions of dollars for the ongoing film series, but with the coronavirus pandemic ruining the cinema landscape, it’s no wonder they might be looking for a way out.

James Bond daniel craig

James Bond: Daniel Craig is playing 007 for the final time this year (Image: GETTY)

The Bond series is not all the potential buyers would be getting, however.

MGM own a plethora of franchises that have become loved over the past few decades.

The media company owns more than 5,000 titles, including 17,000 hours of TV.

On the silver screen, MGM holds the rights for Sylvester Stallone’s Rocky series.

DON’T MISS…
James Bond: Dave Bautista – ‘Spectre was a nightmare to film’ [NEWS]
James Bond was parodied by Vin Diesel in xXx film series [INFO]
James Bond beats Top Gun 2 in poll of cinema movies Brits want to see [INSIGHT]

This, in turn, means MGM also owns the Creed films, which stars Michael B Jordan.

These two series alone have earned over $1 billion at the box office, making them quite a large portion of any potential deal.

MGM also owns the likes of The Handmaid’s Tale and Fargo, which would no doubt be added to Amazon’s growing TV landscape.

Most recently, Amazon has been working on creating its own cinematic universe.

Amazon recently released Tom Clancy’s Without Remorse, which was fronted by Jordan.

The series follows the ongoing and much-loved Tom Clancy’s Jack Ryan series, which stars John Krasinski.

But if Amazon were to purchase MGM and the rights to Bond, would that mean the series would only premiere on its streaming service, Amazon Prime Video?

James Bond No Time To Die is due out on September 30, 2021.

SOURCE / SOURCE

Read More: Hollywood News

Source

Leave a Reply