What Does Amazon Buying MGM Mean For James Bond?
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Daniel Craig will be leaving the James Bond series on an all-time high, but an uncertain post-Craig future means that the 007 series can’t alone justify Amazon’s purchase of MGM.
We got word this morning that Amazon will be purchasing MGM for $8.45 billion. That’s the end of an era, namely the era (going back as far as I can remember paying attention to these things) of MGM trying to get sold or struggling with imminent financial peril. I would argue that MGM is not remotely worth $8.5 billion, both because the studio hasn’t exactly been knocking out hits outside of the James Bond series since… as far back as I can remember paying attention to this stuff and because the notion of diving into the existing IP and rebooting/reviving anything vaguely recognizable isn’t as surefire a strategy as some might think. I will argue this was a willful overpayment as a show of force.
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