Chad Fitzgerald was recently quoted in the Los Angeles Times entertainment business newsletter The Wide Shot regarding Amazon’s $8.45 billion acquisition of MGM. Amazon is seeking to build its streaming platform, but the deal comes with a number of complex legal strings attached–mainly because a portion of MGM’s rights are committed to other digital streaming services or, in some cases, split with filmmakers and stakeholders.
According to Chad, “This acquisition of MGM is not as clean and simple as Disney buying Lucasfilm… There are going to be a lot of rights holders that Amazon is going to need to account to, just like MGM has had to do.”
Read the article in L.A. Times – The Wide Shot.
