Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman discuss the potential Amazon-MGM deal and what it would mean for the streaming landscape.
Mark Douglas, CEO of television performance marketing platform Steelhouse, joined Yahoo Finance to discuss how Discovery could look to profit off the new media mega deal.
James Bond brandishing his Walther PPK has been a common sight on British television for decades, but soon the world of terrestrial programming may not be enough. The 26 films featuring the spy could shift to a subscription streaming service as part of a $9bn (£6.4bn) deal orchestrated by Amazon, sparking fears it will end a contract to air them on ITV. Jeff Bezos' company is in talks to buy Metro-Goldwyn-Mayer (MGM), the Hollywood movie studio with the rights to the James Bond franchise. Industry analysts believe the tie-up will mean ITV's deal to broadcast the movies will not be renewed, with Amazon instead using 007 to help sell subscriptions to its Prime Video streaming service. Tom Harrington, of media research firm Enders Analysis, said: "When that deal comes up it could certainly go behind a paywall - Amazon or elsewhere - as it did with Sky for a bit. "The major difference with having it on a big streaming service, however, is that it would cannibalise renting or buying the film online. At the moment ITV's rights are very limited when it comes to catch-up or live streaming of James Bond, so renting or buying is protected." MGM reportedly hired bankers in December to find a buyer for the studio, which owns a library of 4,000 films, including the Rocky movies, Robocop and Rain Man alongside TV series such as The Handmaid's Tale and the many Real Housewives reality shows.