Disney leads global content spend amid 2020 boom

The gross cash spend on the global production and licensing of new content for streaming platforms reached a new high last year, rising by 16.4% in 2020 to reach $220.2bn, according to new research from UK-based firm Purely. Amid this boom, The Walt Disney Company emerged as the biggest single global spender on content in […]

TBI Weekly: How Korea’s wave is changing course

South Korean producers and broadcasters make regular appearances in TBI news but recent deals suggest the country’s content wave could be moving in a new direction, writes Richard Middleton. The Korean wave has been lapping shores in the West for almost a decade now, most notably via K-pop bands like BTS, innovative entertainment formats such as The […]

TBI Weekly: What drove Amazon’s acquisition of MGM?

Another week, another billion dollar deal – but what drove retail giant Amazon to buy one of the few remaining major studio operations? Richard Middleton explores the obvious and less discussed elements of the planned acquisition. As Jeff Bezos said himself, the “acquisition thesis” behind Amazon’s decision to buy MGM is – on one level, at least – […]

Amazon to ‘reimagine & develop’ MGM shows after $8.45bn deal

Amazon will “reimagine and develop” IP from the MGM slate following its $8.45bn deal for the US studio, according to CEO Jeff Bezos. The acquisition, which was confirmed yesterday, will see more than 17,000 hours of MGM TV fall under the Amazon banner, ranging from dramas such as Fargo and The Handmaid’s Tale to unscripted […]

Amazon agrees $8.45bn deal to buy MGM

Amazon has wrapped up its deal to acquire James Bond and Fargo studio MGM in a deal valued at $8.45bn. The acquisition marks Amazon’s second biggest-ever deal and will see the studio behind shows such as The Handmaid’s Tale and Vikings fall under the retail giant’s umbrella. MGM’s catalogue includes more than 17,000 hours of TV […]

Amazon nears $9bn deal for ‘Fargo’ & ‘James Bond’ studio MGM

Amazon could wrap up its deal to acquire James Bond and Fargo studio MGM as early as this week, according to reports. The acquisition, valued at around $9bn including debt, would mark Amazon’s second biggest-ever deal and set down a marker to its streaming competitors as the battle for subscribers hots up. The move was first reported last […]

Amazon eyes $9bn deal for MGM, reports suggest

Amazon is in talks to acquire James Bond and The Handmaid’s Tale studio MGM for around $9bn, as the arms race for content continues. Detail of the deal emerged overnight and have not been confirmed, but an acquisition would provide the retail giant’s streaming service Prime Video with a raft of IP including FX drama Fargo […]

Voxx Studios hires Reed Midem, MGM & Sony alum for global sales

LA-based audio outfit Voxx Studios has hired a former Reed Midem and MGM exec to work across its international sales push. Elisa Aquino becomes SVP of global sales and will lead the department at Voxx, which provides audio services for the film and TV business. It works with firms including Starz Lionsgate, Pixar, Netflix Animation, Sony Pictures […]

MGM ups Epix co-GM Laura Sher to EVP of scripted TV

US-based MGM has promoted Laura Sher to EVP of scripted TV operations. The appointment comes following Epix president Michael Wright’s remit was expanded last month, taking over MGM’s scripted TV division after the departure of Steve Stark. Sher, who is co-general manager of MGM-owned Epix, will continue to serve in her current capacity alongside her […]

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