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Why Amazon is laying down billions for film studio that’s almost 100 years old

This is of course also due to the corona pandemic, which has made video platforms much more important. The result: the period that a film is shown in the cinema will be shorter, Van den Berg expects. That could mean that, for example, the latest Bond film, No Time To Die, will be shown in theaters (exclusively or not) on Prime Video after a certain period of time.

Van Eden also points out that MGM also has rights to scripts and other concepts. “For a streaming platform you need a wide range. By buying such a studio it is easier to create new content.”

Acquisition investigation

Amazon is announcing the acquisition the week in which the Washington DC state attorney’s office opened a case against the company for abuse of power. The company is increasingly under a magnifying glass in both Europe and the US.

Democratic Senator Amy Klobuchar already called on the Ministry of Justice launch an investigation into the acquisition to ensure that it does not impede competition. Amazon will probably defend itself by saying that it is only a minor player in the film world.

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