Amazon to buy MGM, studio behind James Bond and 'Shark Tank'

Bittersweet. Lauren Burnham and Arie Luyendyk Jr. brought their newborn son home on Tuesday, June 15, but couldn’t bring his twin sister along just yet.

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Last week, it was announced that Amazon has acquired MGM and its vast library of films and TV series. And as part of that massive deal, the tech company has become 50% owner of one of the most storied franchises in all of film—the James Bond film series.

Michael De Luca may be the big winner from Wednesday’s blockbuster news that Amazon will purchase Metro-Goldwyn-Mayer for $8.45 billion.Though insiders caution that no decisions have been made, there is speculation around Hollywood that De Luca will play a major role in helping the e-commerce giant monetize its new library of 4,000 MGM film titles. It’s an arsenal of intellectual property that includes “Robocop,” “The Silence of the Lambs,” “Rocky,” and, of course, James Bond.

Regé-Jean Page is playing coy when it comes to details surrounding potential movie roles.

When the announcement of the deal between Amazon and MGM was made, the film franchise that got spoken about most in the acquisition is the James Bond film series. While MGM doesn’t own the complete rights for the franchise, as James Bond is creatively controlled by the production duo of Barbara Broccoli and Michael Wilson, Amazon is now the parent company of the studio that will distribute the 007 spy films.

$8.45 billion is a lot of money for any company to spend. But when you’re Amazon and you’re trying to get a leg up in the Streaming Wars, spending nearly $8.45 billion on one of the most storied film studios in the history of Hollywood, MGM, seems like a bargain.