News to me, would seem to lead to less creativity. The native streamers are very non creative.
MGM’s Amazon Era Begins With Big, Unanswered Questions by Alex Weprin
As the $8.5 billion deal closes, insiders debate how autonomous MGM operations may be, how quickly Amazon will mine its IP and how soon its vaunted library will make its way to Prime Video. by Alex Weprin
In the summer of 1981, MGM coveted Rocky and James Bond. The studio, formed in 1924 through the merger of Metro Pictures Corp., Goldwyn Pictures and Louis B. Mayer Productions, had an eye for expansion. And it liked what it saw in the intellectual property of United Artists. UA, a Hollywood icon itself, was behind films like Some Like It Hot, Raging Bull, One Flew Over the Cuckoo’s Nest, and, yes, the Rocky movies and the Bond franchise.
So MGM acquired UA, and its films, for some $380 million ($1.2 billion adjusted for inflation), with Frank Rosenfelt, MGM’s chairman, telling The Washington Post at the time that UA’s library would be critical as Hollywood transitioned “from the movie business to the entertainment software business.” ... '
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