Amazon acquires creative control of the “James Bond” privilege

MGM’s MGM (amzn) studios control the Falls of James Bond, where the company is looking to deepen its site in broadcasting wars, The company announced on Thursday.
The studio will form a joint project to acquire intellectual property rights from producers Barbara Brocoli and her husband Michael Wilson. The couple, who have been carrying creative control for a long time, will remain the invalidity owners, alongside Amazon. The financial conditions of the deal have not been revealed.
“With my career, which spanned nearly 60 years, I return to the production of James Bond films to focus on artistic and charitable projects,” Wilson said in a statement. “Therefore, I agreed with Barbara, it’s time for our reliable, Amazon MGM Studios, to lead James Bond in the future.”
Amazon Hollywood Studio MGM Holdings in 2022 bought $ 8.45 billion, including debt, as she worked to enhance her broadcast service to compete better with the likes of Netflix (NFLX) and Disney (DIS).
At that time, Wall Street and Hollywood analysts praised the deal, which gave Amazon access to a catalog of more than 4000 films, including the “James Bond” privilege, 17,000 TV programs such as “Vargo” and “The Story of the Mandat”. It is worth noting that the deal only included distribution rights.
Company It was long ago With Brocoli and Wilson, who had the ability to determine when James Bond films would enter production, as well as the options of recitation and the general direction of stories.
Now, Amazon will have this power. The concession is currently looking for the next James Bond after Daniel Craig has moved away from the role in 2021.
“We are honored to continue in this dear heritage and look forward to entering the next stage of the legendary 007 fans around the world,” Mike Hopkins, head of the Prime Video and Amazon MGM Studios team in a statement.
Amazon has one of the widest audiences of all broadcasting platforms due to the initial delivery service and its ability to maintain consumers within its ecological system. Last year, the company entered the broadcasting space backed by advertisements by default on the main video in the ads.
It has achieved a recent boost in professional sports, holding the rights of NFL and NBA games. It also has a large group of upcoming original programming, including A new series “Legal Blonde”.
Alexandra channel He is a major correspondent in Yahoo financing. Follow it on x Allie_ANALand LinkedIn, And send it by email to [email protected].