By Lance Hart, Screamscape
It was recently introduced that the online retail behemoth Amazon has signed a offer to order MGM for $8.45 billion. Now, permit that sink in for a minute. $8.45 billion…that’s a lot more than Disney paid out to acquire Marvel and Lucasfilm blended. In accordance to the gurus, that order incorporates the legal rights to about 4,000 movies and about 17,000 several hours of Television programming.
On the floor, this could be a rapid media seize for programming to insert to Amazon Prime’s movie streaming support. In actuality, it is additional about retaining up with the upsizing of other mega-businesses merging with media corporations.
This follows the order of 20th Century Fox by The Walt Disney Corporation, forward of the launch of Disney+. And the a lot more current shift of AT&T merging WarnerMedia with Discovery, with the chance that HBOMax and Discovery As well as could ultimately merge into an function even larger screaming service. A single that could get on Netflix and the Disney owned Disney+ and HULU providers.
Earlier this calendar year we also observed the previous CBS All Accessibility relaunched with new Viacom/Paramount media offers as Paramount+, as effectively as Comcast’s launch of its individual streaming company, Peacock. This blends collectively content material from the NBC and Universal libraries.
Amazon, MGM and a history in the theme park sector
MGM has just one other detail that tends to make it stand out among the media giants. This is the fact that the MGM identify has been attached to at least two topic parks around the many years.
Under the regulate of Michael Eisner in 1984, Disney commenced to style and design a 3rd park for Walt Disney World. A person that would have a Disney Studios concept. Eisner signed a offer with MGM to give Disney the legal rights to use the MGM manufacturer title and some IPs. This was to enable spherical out what would turn out to be the Disney-MGM Studios topic park, which opened in 1989.
Normally the park was simply just referred to as MGM Studios by visitors checking out the concept park resort. The MGM title and symbol was proudly on exhibit at the Disney topic park until 2008. Then, the park was rebranded as Disney Hollywood Studios.
In the meantime, on the West Coastline, MGM had also signed a deal that would convey about the MGM Grand Adventures theme park in Las Vegas. This was a compact concept park attached to the bottom of the MGM Grand hotel and casino. It operated from 1993 to 2002 in advance of getting shut down to make it possible for for more on line casino expansion.
Amazon owns best topic park IPs
With the new order of MGM, Amazon, which seems to have appear out of the international pandemic as the most successful business on the world, would seem completely ready to continue the ongoing expansion of its empire.
Amazon’s Q1 2021 earnings report exhibits that the business brought in $8.11 billion. In in the 12-month main up to that place, the corporation brought in a full of just below $27 billion. This 12-month sum by yourself is more than Amazon brought in for the duration of its 2017-2019 a long time merged ($24.7 billion).
With abnormal profits and world infrastructure in place, I had to speculate if Amazon may be inclined to observe in the footsteps that most of the other multi-media giants had carried out at one particular stage or a different, and get concerned in the world of topic parks and themed enjoyment with its new collection of IPs.
Complicated film legal rights
Now before we get in advance of ourselves, MGM’s catalogue legal rights are very complicated. It has been rapidly famous that the Amazon offer does not include things like the legal rights to famous older films like The Wizard of Oz, Singin’ in the Rain or Long gone With the Wind.
As a enterprise, MGM has been purchased and offered a range of situations. And different proprietors have marketed off and added to the company’s huge library about the decades. For case in point, most of the MGM videos produced ahead of 1986 ended up bought in a offer to Turner Broadcasting. These exact same legal rights ended up then later on offered, along with the Turner Vintage Videos line, to WarnerMedia which at present owns them. Lots of are now obtainable for streaming on HBOMax.
Afterwards on, MGM purchased United Artists and its library of films in 1981, together with Orion Pics, Goldwyn Amusement, Movement Pics Corporation of America in 1996, and PolyGram in 1997. This added another 2,000+ titles to the MGM library, all of which ended up not portion of the preceding Turner deal. Most now slide to Amazon less than the new offer.
An Amazon topic park?
So, assuming Amazon is ready, does it have the legal rights to ample present day applicable programming to produce a concept park? Producing some guesses as to the possession of various IPs, I assume they do have more than enough to make a little something perform. The headline attraction of them all would be the ongoing legal rights to the James Bond action spy thriller franchise. This would be perfect as an anchor attraction for any concept park.
MGM also looks to have the latest legal rights to the Rocky & Creed franchise, the Stargate film and Television set sequence spinoffs, Robocop, Silence of the Lambs, Fargo, Dumb & Dumber, Vikings, The Voice, Fame, the Invoice & Ted’s Outstanding Experience trilogy, Platoon, American Werewolf in London, Wargames, Pink Dawn, Valkyrie, Very hot Tub Time Machine as nicely as the present-day animated Addams Loved ones movie and the forthcoming sequel.
Insert to this Amazon’s possess endeavours to make its individual programming for Amazon Key. For instance, with displays like The Boys, The Expanse, Panic, Tales from the Loop, Hanna, The Guy in the Higher Castle, The Handmaid’s Tale. Additionally the extensive in development Lord of the Rings prequel collection based mostly on J.R.R. Tolkien‘s Center Earth.
Merge these storytelling IPs with Amazon’s confirmed means to make genuine estate and innovative infrastructure discounts across the earth to go on to increase the company’s large e-commerce requires.
Increase in the simple fact that it has an inner technologies advancement wing able to appear up with incredible new gadgets that have taken the globe by storm (Hi Alexa!), and I believe it is fair to say that if Amazon was to consider a glow to the notion of creating its individual theme parks, it would be equipped to make it materialize.
That is if Amazon even requirements to construct its personal concept parks. Considering how easy it was to drop nearly $8.5 billion on MGM, it wouldn’t get virtually as a lot to gobble up an existing concept park chain. Or possibly it could possibly take the route we see Paramount getting and just license out IPs underneath its handle to existing parks who might be in need of refreshing IPs, like The London Vacation resort or potentially to Genting SkyWorlds.
Even the Universal Studios parks have created a lengthy job of borrowing the IPs from numerous studios to incorporate to the mix of its have topic park sights (Harry Potter from Warner Bros, Transformers from Hasbro, Adult males In Black from Sony, etc… )
One way or a further, I do not feel it will be too lengthy in advance of Amazon invades the topic park realm. So, we had better get applied to the strategy.
Top rated graphic – wjarek – inventory.adobe.com