Tuesday December 5, 2023

Amazon Adds Massive Media Library with $8.45B MGM Deal

  • Amazon made a massive addition to its media library, buying MGM Studios for $8.45 billion.
  • It's the second largest acquisition in its history.
USA Today/Design: Alex Brooks
Copy Link
Link Copied
Link Copied

The WarnerMedia-Discovery merger has been a hot news item lately, but when it comes to the streaming wars, there’s a certain $1.65 trillion company we shouldn’t forget about.

Amazon, which has sought to build a streaming audience through some of the biggest properties in sports, is buying MGM Studios in a $8.45 billion deal

It will be the second-largest acquisition in Amazon’s history after its 2017 purchase of Whole Foods Market for $13.7 billion. The MGM deal comes as the company faces a looming antitrust lawsuit from the District of Columbia.

The online retail giant will pay around $13.2 billion over 11 years for exclusive “Thursday Night Football” broadcast rights. Amazon also holds rights to stream New York Yankees, Premier League, and Champions Leagues games.

MGM would add an impressive film and TV library to Amazon Prime Video, including:

  • Classic films dating back to 1924, including “The Wizard of Oz” and “Gone With The Wind.”
  • The James Bond, “Rocky,” “Hobbit,” and “Tomb Raider” franchises. 
  • TV shows including “Shark Tank,” “Survivor,” “Fargo,” and “The Voice.”

The purchase continues Amazon’s media strategy of going straight for the largest properties in sports and entertainment.

Last month, the company was believed to be in talks for rights to the Indian Premier League. The cricket competition’s 2020 season reached an estimated 405 million viewers — more than the entire U.S. population.

Copy Link
Link Copied
Link Copied

What to Read

The Australia men's cricket team celebrating winning the 2023 ICC Men's Cricket World Cup.

Amazon Secures ICC Cricket Broadcast Media Rights in Australia

Prime Video will be Australia's exclusive home for ICC events through 2027.
Dallas Cowboys quarterback Dak Prescott throws a pass during the first half against the Seattle Seahawks at AT&T Stadium.

Amazon Bounces Back With Record Viewership

The Dallas Cowboys’ win over the Seattle Seahawks averaged 15.26 million viewers.

TV Networks Are Programming College Football’s Future: What’s Next

Conference championship weekends will have a different feel in the future.

Would Disney's ESPN Walk Away From The NBA?

Will financial pressures impact the company's decision with a longtime partner?
podcast thumbnail mobile
Front Office Sports Today

Premier League Sets New Bar with Media Deals


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers
A view of a 1914 Baeb Ruth rookie card in a protective casing from the Sportscard Guaranty Company.

Babe Ruth Rookie Card Sets Player Record at $7.2M

It’s the most expensive piece of Babe Ruth memorabilia ever sold.
November 14, 2023

German Soccer Pushing $1.1B Rights Deal To Private Equity Investors

Governing body mounting third attempt for outside investment
PFL Bellator
November 20, 2023

PFL Completes Acquisition of Bellator, Readies to Challenge UFC

“Today, the MMA market changed,” PFL Founder Donn Davis said.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
CAA logo on side on building
November 13, 2023

CAA Forms Sports-Focused Investment Bank In Continued Expansion Push

Powerhouse agency looks to further expand dealmaking capabilities
Mercedes-AMG Petronas driver George Russell drives on the track during the Formula One Las Vegas Grand Prix Launch Party at Las Vegas Strip.
November 10, 2023

Ticket, Hotel Prices Plummet As Las Vegas GP Nears

Lack of competitive drama for F1 event fuels market crash
November 9, 2023

McMahon Selling $713M In TKO Stock, CEO Emanuel Could Be A Buyer

Bombshell announcement to bring big changes to company's ownership structure
San Diego Padres shortstop Xander Bogaerts wears the ALS Lou Gehrig Day and Motorola patches during a game against the Chicago Cubs at Petco Park.
November 8, 2023

Major U.S. Sports Leagues Pull In Record $6.7B in Ad Revenue

Major U.S. sports leagues and teams saw big increases in ad revenues.