Amazon owns MGM now, but here’s why Gone With the Wind, Singing’ in the Rain and The Wizard of Oz aren’t part of the $8.45 billion deal.
Why Gone With the Wind and The Wizard of Oz are not part of Amazon’s MGM deal. This morning it became official that Amazon had purchased MGM and its catalog of films and TV shows for the staggering sum of $8.45 billion.
With the new deal at least a piece of the iconic James Bond franchise now belongs to Amazon (though EON has already confirmed that plans to release No Time to Die theatrically will go ahead despite the Amazon deal). Amazon also owns a piece of the Rocky franchise, which in recent years has continued on with the Creed movies. Tomb Raider, Stargate, Robocop, Basic Instinct, Silence of the Lambs, The Pink Panther and many more also now belong to Amazon as part of the deal. On the TV front, Amazon acquires Vikings, Fargo and The Handmaid’s Tale among others. In addition to stocking their Amazon Prime service with MGM’s catalog titles, Jeff Bezos’ company can of course also think about developing new works from the IP they’ve picked up.
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But not every classic movie stamped with the famous MGM roaring lion logo now becomes property of Amazon. In fact, many of the studio’s most famous films including Gone With the Wind, The Wizard of Oz and Singin’ in the Rain are not included in the new deal because, in truth, it’s been years since those titles actually belonged to MGM. WarnerMedia in fact owns those MGM titles and many more after acquiring them years ago when they bought out Ted Turner, who himself had acquired MGM’s catalog in a series of deals. IndieWire confirms that WarnerMedia still retains the rights to its MGM movies.
Of course Ted Turner began buying up every classic movie he could get his hands on back in the ‘80s and used the acquisitions to launch his Turner Classic Movies network, some of whose films are now streamed on HBO Max. The fact that Amazon doesn’t have control of movies like Gone With the Wind and The Wizard of Oz indeed seems like a minor side-note given that a reported 4,000 movies and 17,000 TV shows do now belong to the company thanks to the $8.45 billion deal.
The good news for fans of MGM’s classic films like Gone With the Wind and The Wizard of Oz is that they don’t have to worry about Amazon attempting to remake or reboot them. No, Amazon will not be creating a Singing’ in the Rain legacy sequel or a Wizard of Oz expanded universe (indeed Wizard of Oz has already received enough strange sequels over the years). And there will be no Amazon-produced Gone With the Wind prequel series depicting the early days of the O’Haras as the family first established the Tara plantation. That James Bond/Andy Hardy crossover is off the table now too.
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