According to Variety, Amazon has finally completed its $8.5 billion acquisition of MGM.
It was MGM’s precarious financial situation in the mid-2000s that delayed The Hobbit film series and contributed to the departure of Guillermo Del Toro from the production. Peter Jackson subsequently assumed the directorial role.
Amazon says it’s acquisition of “the storied, nearly century-old studio … will complement Prime Video and Amazon Studios’ work in delivering a diverse offering of entertainment choices to customers.”
Variety reports that the buy followed merger approval by the European antitrust regulator. That body’s review decided that overlaps between Amazon and MGM were “limited”.
Readers may recall that the Saul Zaentz Co. also recently announced the sale of its entire holding of Middle-earth IP, and that there is an ongoing legal stoush over whether Warner Bros./New Line Cinema still retains its LOTR/Hobbit film adaptations license. Given the above, it’s not impossible (though the chance is, perhaps, remote) that Amazon could eventually unite all the currently available Middle-earth film and television IP under its own banner.
