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Jeff Bezos on MGM Acquisition: Amazon Will ‘Reimagine’ Studio Franchises ‘for the 21st Century’
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variety.comTodd Spangler NY Digital EditorAmazon founder, chairman and CEO Jeff Bezos said the ecommerce giant’s $8.45 billion bid for MGM was driven by a desire to obtain the storied studio’s intellectual property — and create new offshoots based on that.“We’re looking forward to reimagining and developing the deep catalog of MGM,” said Bezos, speaking Wednesday at Amazon’s annual shareholders meeting.He continued, “The acquisition’s thesis here is really very simple: MGM has a vast, deep catalog of much-loved intellectual property.
With the talented people at MGM and Amazon Studios, we can reimagine and develop that IP for the 21s century… People who love stories are going to be the big beneficiaries.”After weeks in negotiations, Amazon on.
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