What’s Next for MGM TV and Mark Burnett After Amazon Acquisition?

variety.com:

Cynthia Littleton Business EditorAmazon’s announcement of its $8.5 billion acquisition of MGM emphasized the value of the MGM movie library to the Amazon Prime streaming service.

But the transaction raises big questions about what will become of existing MGM’s television group, headed by Mark Burnett.Burnett is already a big winner in the deal as he is poised to rake in hundreds of millions of dollars as the owner of a small stake in MGM.

The producer who made his mark with “Survivor” and “The Apprentice” gained equity when he sold his previous production banner, One Three Media, to MGM in two transactions in 2014 and 2015.Another big question is the fate of Epix, MGM’s premium cable channel.