Amazon’s Jeff Bezos is excited to get his grubby little hands on MGM’s beautiful films and franchises.
At an Amazon annual shareholder meeting, Bezos shared his excitement over his company’s $8.45 billion purchase of MGM. He told the room:
We’re looking forward to reimagining and developing the deep catalog of MGM.
The acquisition’s thesis here is really very simple: MGM has a vast, deep catalog of much-loved intellectual property. With the talented people at MGM and Amazon Studios, we can reimagine and develop that IP for the 21s century… People who love stories are going to be the big beneficiaries.
The way he says reimagine for the 21st century scare me. Yes, films are constantly updated, franchised, rebooted, remade, etc, etc. etc. Amazon’s approach, as worded by Bezos, sounds more cold and business like than the other terms, even though there really isn’t a difference.
Or is there? Bezos listed classic franchises that often get “reimagined” included James Bond, Robocop, and Tomb Raider.
But… he’s also looking at classic films like Thelma and Louise and Raging Bull to update for the 21st century. He even mentioned The Handmaid’s Tale and Vikings, according to Variety.
Bezos also said:
The only way to get above-average returns is to take risks and many won’t pay off. Our whole history as a company is about taking risks, many of which have failed and many of which will fail.
There you have it. Look for Thelma and Louise and Raging Bull to be remade on an Amazon Prime near you.