This morning Amazon bought MGM Studios

[CatWoman]

Bezo's latest purchase on his way to world domination.

[Johnny2X2X]

1. Conglomerates eventually fail

Amazon thinks they're the best at running businesses, that's what they think their core competency is, management capability. Unless there are strong synergies between different divisions of the conglomerate, they are doomed to fail. I don't see strong synergies between their websites, delivery system for products, and a motion picture studio. This weakens Amazon.

[USALiberal]

3. You realize Amazon prime is streaming movies?? Nt

[edhopper]

5. Amazon Prime Video is a big component

They are producing original content to get subscribers. This expands it's library. He probably overpaid for what is mostly old movies though.

[smirkymonkey]

14. A big reason I stuck w/ Amazon Prime and dropped Netflix is because Amazon does

have old movies, as well as new movies and almost everything else you can think of.

[qazplm135]

21. Does have Stargate franchise

As well, so could see a new series of that on Amazon now

[csziggy]

33. Yes - since Amazon took off the Stargate series a month or so ago.

I was watching SG1, had finished Universe, and on Season 3 of Atlantis which Prime removed them all with no warning. Netflix right now has SG1 so I'm continuing it, but Atlantis is only on Prime if I pay extra for it. Since I never got the chance to watch all of Atlantis, I'm pretty bummed. It's be great if Prime could bring back all of them and the new series that is being talked about.

[qazplm135]

35. I liked Atlantis

you should kind of think of Season 4 and 5 as self contained single seasons. Somewhat different from the first three and each other, but still pretty good.

[csziggy]

36. I will if I ever get the chance to see them. Thanks! nt

[fishwax]

7. they're a huge player in streaming services

MGM both produces TV/film, which Amazon can use for their own service as well as other services (MGM produces one of rival Hulu's flagship series, The Handmaid's Tale) and also has a huge library which presumably will synergize with Amazon's streaming services.

[Baked Potato]

8. Amazon now owns James Bond. They will be OK.

[ChrisF1961]

24. Yes, but

the bad guy in the next movie is a union organizer.

[Baked Potato]

25. Darn it! Really?

[Baked Potato]

37. Just got it... lol I'm gettin old.

[Marrah_Goodman]

10. Amazon Prime Video is huge

And they have their own movies and series already. Seems like a smart business move for them. Personally I would like to see all massive corporations split up.

[Dream Girl]

12. Disagree. This is a great fit for Amazon.

[Cicada]

19. Bezos has said Amazon will go bankrupt some day

Because everyone goes bankrupt some day.

[Johnny2X2X]

20. Their streaming service loses money

This is throwing good money after bad. Don't get me wrong, I like Amazon Prime streaming and use it, but it's a classic case of a gigantic corporation thinking losses don't matter because the parent company is still making money.

[Cicada]

26. Early losses are trivial

Amazon knows that the ultimate market will generate huge profits. They will pay billions now to create a long lasting seven percent of the ultimate global market. I lived with a movie and cable tv executive who greatly admired the repulsive Rupert Murdoch because in the seventies he was wisely willing to”overpay” to expand his empire. She said he alone among his competitors knew that buying a piece of the future was worth almost any price. And it worked for him.

[Cuthbert Allgood]

31. This is going to go a long way to Amazon Originals to get more Oscar nods

And be more easily shown in theatres. I think this is a good move. And I'm quite sure that they know how much money the streaming service generates for them once people have Prime and get free shipping. They seem to be doing OK so far.

[BannonsLiver]

23. Oh yeah, no doubt. They'll be falling apart any day now.

[Klaralven]

28. Bezos is bigger than Ivar Kreuger and Samuel Insull put together

[RegularJam]

39. This falls directly inline with one of their main core competencies.

They have more streaming shows available than any other service.

[msfiddlestix]

2. Hmmm...

My first reaction to the header is "Wow". Holy smokes, that's a big buy.

But I've been noticing a plethora of new studios associated with good films recently. MGM has a lot of great old films in the vault, suggesting to me the possibility of being able to view on my prime account which I happen to appreciate.

So long as Prime remains affordable on the Senior discount rates for low income Seniors like me, I appreciate being able to access films too costly for me to view otherwise.

Currently haven't quite made the decision to pull the plug on Netflix as I'm not a fan of a lot of their offerings in recent years; but then they come up with something that makes it worth continuing my subscription for another billing cycle.

Not sure about World Dominance though...

[SoCalNative]

13. The classic MGM films

haven't belonged to MGM since Ted Turner merged/sold to Time-Warner.

The best they have to offer now are the catalog of Bond films.

[msfiddlestix]

18. interesting..

that sort of explains somethings I didn't understand.

[edhopper]

4. MGM has all the out takes for the Apprentice

Bezos now controls their release.

[Johnny2X2X]

11. I don't think this is true

Comcast/NBC Universal owns the Apprentice.

[edhopper]

15. That was has been reported

the production company owns the shows, not the Networks.

https://www.primetimer.com/item/If-Amazon-acquires-MGM-Jeff-Bezos-will-own-Donald-Trumps-old-Apprentice-tapes-olSDAp

[Johnny2X2X]

16. Oh wow!!!

Bezos hates him some Trump, those tapes are going to be analyzed and the worst parts released.

[ChrisF1961]

6. Damn now he owns half of James Bond

Ironic since he would make a great Bond villain.

[CatWoman]

17. It's time to see you die, Mr. Bond!!!

[Picaro]

9. Amazon continues to eat the world

Anti-trust anyone? This is like Walmart on steroids. Amazon must be broken up.

[WA-03 Democrat]

27. Really?

What do they have a monopoly on?
One movie studio just pushed them into a media market maker?

Walmart on steroids?

Last year Walmart revenues were higher than Amazon ($559B for Walmart and Amazon up 38% to $386B). Market analysts expect Amazon to take the lead from Walmart in 2025. Seems like competition is in place. Walmart has kicked their e-commerce game into high gear. I sell on and buy from both platforms. Walmart is kicking ass and so is Amazon.

I cannot imagine getting through the pandemic without either firm. FedEx and UPS performed heroically too. Supply chains held together and adapted quickly. There is an element here that thinks all businesses are evil. Sure, let’s crave it up like a Thanksgiving turkey based on incorrect information.

[USALiberal]

29. lol, nice try! Nt

[beaglelover]

30. It's just to get their catalog for Amazon Plus streaming.

It’s all the trend these days. It’s the only reason Disney bought 21st Century Fox.

[GoCubsGo]

32. Also to quite possibly get "The Apprentice."

Including all the outtakes where Trump was spewing racist, misogynistic, and other vulgarities. This is assuming Mark Burnett has no control over them.

[samnsara]

34. i would rather Bezos dominate the world than Musk..

[Johonny]

38. it's just a matter of time before people start buying cheap DVD and switch back to cable

because they get tired of subscribing to 1000 different channels with ever increasing fees just to see things they wanted to see.

Streaming has gone from convenient to annoying fast.

[leftstreet]

40. +1