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Amazon announced that it would buy MGM Studios, leading many analysts to speculate about the role the movie studio will play in Amazon’s content plan. However, many bettors may be confusing MGM Studios with MGM Resorts, BetMGM, or Roar. Despite the name, the movie studio has nothing to do with MGM Resorts. MGM Resorts even issued a statement in November 2010 when MGM Studios filed for bankruptcy stating that “MGM Studios is a completely separate entity with no common ownership.” However, Amazon’s move to buy the struggling movie studio is likely a power move to own the last few unpurchased franchises.
MGM Studio Movies
All the streaming services are trying to find an edge in the content wars. The big streaming services have begun creating their own content. Every Bridgerton fan knows how successful original content can be for one of the streaming giants. However, exclusive rights to certain movies, series, or franchises are also valuable. One of the franchises MGM Studios still owns is James Bond, which would be a cash cow for any streaming service. MGM Studios also owns many classics, like the Wizard of Oz, giving anyone who owns the studio the ability to cash in on nostalgia.
The Donald Trump Connection
Donald Trump and Jeff Bezos do not like each other. Readers may remember the National Enquirer running a story about Jeff Bezos’ extramarital affair. Former President Trump had close ties to the National Enquirer and milked Bezos’ affair for all it was worth. But Jeff Bezos may be on the precipice of exacting revenge. MGM Studios also owns The Apprentice outtakes, which have long been rumored to include footage of Donald Trump allegedly saying the N-word, R-word, and other slurs.
It’s all speculation, but it’s hard to ignore after a bitter public feud and years of rumors surrounding the alleged content.
MGM Studios’ Strategic Value To Amazon
MGM Studios has the rights to films and franchises that aren’t exclusive to any other streaming platform. Amazon appears to be paying a premium to get its hands on this elusive content. It could also give Jeff Bezos access to damaging information about Donald Trump. If such content exists, it’s not the main point of the deal. The goal of this deal is to gain an edge in the streaming services’ content wars. Hype, rumors, and speculation about the former President shouldn’t overshadow MGM Studio’s strategic value to Amazon.
