Shotgun Weddings

The library land-grab continues with Amazon reportedly in advanced talks to buy MGM for approaching $9 billion—almost double what industry wisdom suggested the studio was worth as recently as last December. The news emerged hours after WarnerMedia and Discovery revealed plans for a $43 billion merger, under which their combined programming can better compete with Disney Plus and Netflix. Meanwhile, across the Atlantic, RTL Group’s M6 TV unit said it is in merger talks with domestic rival TF1 to create a $4 billion European media powerhouse involving two of the three broadcasters behind France’s SVOD platform Salto. Who will be next to pair up is the big question…

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