Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021
12345678910111213
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
News Every Day |

Amazon's $8.5 billion blockbuster deal with MGM is about to shake up the streaming wars

MGM logo and Bezos
The streaming wars are still heating up, especially when it comes to strategic M&A.

Hello! This story is from today's edition of Morning Brew, an awesome daily email publication read by 2.5 million next-generation leaders like you. Sign up here to get it!

After weeks of rumors, Amazon finally laid its goldfinger on MGM in a deal worth $8.5 billion. It's Amazon's second-largest acquisition after Whole Foods and the first time a tech company has bought a major legacy media firm.

Leo the Lion's roar has a big echo

MGM's iconic mascot reflects the movie studio's blockbuster content catalog-featuring franchises such as Legally Blonde, James Bond, Rocky, and Creed-that could soon port over to Amazon Prime Video.

  • Amazon will get a leg up at the Emmys too, and not just because MGM houses The Handmaid's Tale, Fargo, and Vikings, but also because it's a studio capable of churning out more prestige TV.

However...while quarantined viewers proved they're willing to sign up for multiple streaming services (Disney+, Discovery+, and Paramount+ all reported impressive growth numbers) they'll all soon compete with social calendars filled with more events than "4:30-Stare into the abyss."

Zoom out: The streaming wars are still heating up, especially when it comes to strategic M&A (earlier this month, AT&T said it'll merge WarnerMedia and Discovery). MGM could make Amazon Prime Video more than the streaming service you forgot you're subscribed to.

This story is from today's edition of Morning Brew, a daily email publication. Sign up here to get it!

Read the original article on Business Insider




Read also

I am on the “hit list” that Kiev uses to suppress dissent and journalism. That’s all you need to know about Ukrainian “democracy”

Help, Joe Biden or IRS! What To Do If You Never Got Your $1400 Stimulus Check

Iran’s Torture Mastermind Set to Become the Next President





News, articles, comments, with a minute-by-minute update, now on Today24.pro



Today24.pro — latest news 24/7. You can add your news instantly now — here
News Every Day

England v Croatia will go ahead tomorrow as players send ‘best wishes’ to Christian Eriksen after he collapses on pitch