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Why the James Bond Franchise Complicates Amazon’s Talks to Acquire MGM

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variety.com

Amazon is in negotiations to buy Metro-Goldwyn-Mayer in a deal that could reach $9 billion. Their shock comes from a belief that the price tag severely overvalues the studio behind James Bond, the Pink Panther and “Legally Blonde.”Other companies have kicked the tires on MGM at various points during a stop-and-start sales process that has been dragging on for months.

Industry insiders say that the true value of the studio is more in the $5 billion to $6 billion range along with the assumption of some debt.

Even then, they are skeptical that MGM’s prize asset, its stake in the 007 franchise, can be properly monetized.That’s because of the unprecedented creative control that’s held by Eon Productions and its owner the Broccoli family, who.

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