In a landmark deal, Amazon announced its acquisition of MGM for an immense $8.5bn in May 2021, bringing a ton of major media franchises and IPs under the corporate titan's oversight. That includes James Bond, which is soon going to celebrate the release of the latest outing of Daniel Craig as 007 in No Time To Die. ''
However, as rumors have cropped up, the producers stepped in to confirm that the series won't be getting a spin-off show for streaming.
This statement followed the deal closely because securing key IP to power Amazon Prime Video in the streaming wars is the main motivation behind the acquisition. With so many different streaming services popping up, the original promise of the format - a centralized source of all must-watch content accessible on-demand, as opposed to fragmented television services - has been defeated.
Now, rivals scramble to secure exclusive content that makes their service more appealing.
