“Courtenay is a seasoned executive with more than three decades of experience in the industry, strong ties with filmmakers and creatives, and an outstanding reputation for excellence, from producing blockbuster movies to developing new franchises,” Salke continued. A key part of this strategy has been taking a focused and deliberate approach to ensure we have the right people in place to execute our creative vision,” Salke wrote in memo to staff Tuesday.
Through MGM - which is the second-largest acquisition in Amazon’s history, following the company’s eye-watering $13.7-billion acquisition of Whole Foods - Amazon has access to a catalogue of more than 4,000 movie titles, of which the Bond franchise is the indisputable crown jewel, along with 17,000 TV shows, including “The Handmaid’s Tale” and “Fargo.”īrent Lang and Cynthia Littleton contributed to this report.“Our strategy now encompasses an expanded investment in film, including a robust theatrical plan and growing streaming program, in order to bring even more movies to film lovers all over the world. The companies also said that Amazon will “preserve MGM’s heritage and catalog of films” and provide customers with greater access to existing works. Under the pact, MGM will complement a TV-focused Amazon Studios. And after a week of speculation around the deal, Amazon and MGM announced a definitive merger agreement on Wednesday. An MGM spokesperson told Variety at the time that “the film is not for sale.”īut as it turned out, MGM was for sale. It was unclear then, however, whether any talks had received Broccoli and Wilson’s blessing. Nonetheless, rumors swirled in October when it emerged that MGM had explored a $600 million streaming deal for the film with SVOD players including Apple and Netflix. In the last 13 months, the movie has been postponed three times to ensure it can open in movie theaters. Indeed, “No Time to Die” was the first tentpole to move release dates last year when the pandemic struck.
It was widely believed that the pair would push back on plans to have Bond debut on a streaming platform and insist on a theatrical release, as per their contractual terms with MGM. “For better or worse, we are the custodians of this character,” Broccoli told Variety in a rare sit-down interview last year.
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