Why Amazon buying MGM is a watershed moment for Hollywood and techMay 26, 2021 – Media Mention
Entertainment partner, Sky Moore, provided commentary to the Los Angeles Times in the article "Why Amazon buying MGM is a watershed moment for Hollywood and tech." The article discusses Amazon's $8.45 billion acquisition of MGM Studios and what this means for the future of the entertainment and properties division of Amazon and the industry as a whole. Moore is expecting to see more consolidation.
"In the past, studios had so much power because they controlled distribution, but that’s changed in the streaming world, where studios have become production houses for streamers."
“The truth is, whoever controls distribution wins,” Moore said. “Content is not king. Distribution is king.”
Read the full article here.