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Amazon, MGM, and Trauma

Posted on Wednesday, May 26th, 2021

Dave!Amazon just bought MGM Studios for 8.45 BILLION DOLLARS!

A part of me is like "Eh. The world be consolidating... it'll be nice to have all that additional content in my Amazon Prime Video library." and moving on. But another part of me is like "Will this be a good thing or a bad thing for the James Bond franchise?" Because this news is naturally all about me, and my only concern is that I don't want James Bond screwed up. I've seen every one of the films many, many times and, while some of them are far from perfect, I like all of them to a certain degree. Especially lately...

Bond, James Bond!

James Bond producers are claiming that the James Bond films will all have a theatrical release before going to Amazon Prime streaming, which is wise when you are able to attract talent like direcor Sam Mendes who paints these incredible scenes that are begging to be seen on the Big Screen.

The other consolidation news of the past week? WarnerMedia is merging with Discovery. Worth $43 BILLION DOLLARS.

AT&T, which owns WarnerMedia, has fucked up so many times that I'd be lying if I said that I wasn't nervous about what this might mean for Discovery (home to oh-so-many television shows that I watch). We are told that the company will be entirely separate from AT&T, but can that ever truly be the case? I guess we'll find out. It would be nice to pay for ONE streaming service rather than two like I am now (HBO Max & Discovery+).

This trend of media giants merging is not going to end any time soon. You kinda knew it was on the way because there's only so many subscriptions out there that people can afford to buy and there are a lot of them out there. I'd really like it if Disney+ would integrate Hulu content because that would be yet another pair of services that I'd rather pay for once instead of twice.

Netflix currently spends $17 BILLION on content. Disney+ is not far behind. Now WarnerMedia/Discovery will likely eclipse them both... assuming they keep their budget at the same levels. Now there's Amazon/MGM who will undoubtedly pony up to these levels to compete. And there's Apple TV+, Paramount+ (CBS/Viacom), and all the Package Streamers (Philo, Fubo, Sling, etc.). Contrast and compare to actual movie studios which can't really compete with that. What becomes of them? Well, if this trend continues, there's more consolidation in our future.

Hopefully that's a good thing.

My favorite movie of 2020 came from Netflix, after all.

Comments

  1. Neil Turner says:

    Outside the US, Disney already puts its Hulu content on Disney+. I wonder how long it’ll be before Hulu ceases to exist.

    • Dave2 says:

      Hulu has some good self-produced content that I enjoy… but since so many of the networks that were originally contributing left to do their own thing, Hulu doesn’t need to exist anymore. Problem is that some of Hulu’s content wouldn’t be a great fit for Disney branding so I don’t know what the answer is.

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