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Amazon to Acquire MGM Studios — and the Rights to James Bond — for a Cool $8.45B USD

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It's official, people. Amazon is acquiring the Metro Goldwyn Mayer (MGM) movie studio in a deal estimated to be worth $8.45 billion USD. They'll be taking full control of all of its assets, which spans more than 4,000 films and 17,000 TV shows from 1986 on. It will also encompass all yet-to-be-released projects, like Ridley Scott’s buzzy House of Gucci with Adam Driver and Lady Gaga, as well as Cary Joji Fukunaga's long-delayed No Time To Die with Daniel Craig.

Beyond the library, a healthy amount of IP will now be in the hands of Amazon, from Rocky Balboa to Dr. Hannibal Lecter and beyond. This also includes access to the James Bond series and its family of characters, but there's a bit of a catch. MGM only holds 50% of the rights to Bond, with the other half belong to the Broccoli family, who have to sign off on all creative decisions. So can we expect a number of 007 TV series on the streamer? Probably. But Amazon will have to be in lockstep with the co-owners every step of the way.