Amazon is acquiring the legendary MGM studio catalog. Warner and Discovery are merging. AMC Entertainment received a $250 million infusion of cash to update its theaters and buy new properties.Call it what you will, but clearly the entertainment landscape is experiencing an earthquake.
Say hello to the new Hollywood. None of this happened in a vacuum. Studios, so long stuck in silos, are in a showdown with streaming platforms fighting for vertical integration.
The marketplace is forcing the old guard to play catch-up. We are seeing the adding, removing, restructuring and combining of companies and studios to amass subscribers and cater to a new generation of consumers who are driving the democratization of everything.One upshot here is that.
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