The big news of the day is that after months if not years of speculation, Amazon bought MGM for a staggering $ 8.45 billion. Since we’re a Netflix-centric website, we thought we’d investigate what impact this might have on Netflix, if any. Let’s dive in.
It seems like we’ve had to do some of these “What It Means For Netflix” postings over the past few years as the media has slowly and more focusedly shifted to compete with Netflix rather than Netflix. Most recently, we talked about what the launch of Paramount + meant for Netflix, NBC’s Peacock, and beyond, what the Fox and Disney deal also meant.
Now let’s see what all of this means for Netflix. At the competitive level, there is Prime Video, which has long competed with Netflix, a lot of ammunition, both library and intellectual property, to tear it down for future content. We have long campaigned to get Netflix under control of more IP, and an acquisition like this does just that.
However, below we will talk about how this specifically affects the Netflix library in the US and internationally.
What it means for the Netflix movie library
While some MGM films are occasionally licensed to Netflix in the US and internationally, this is often because other distributors have a say.
In fact, Netflix hasn’t had a major MGM movie presence since 2015. At that point, the EPIX deal was expiring, meaning dozens of films would be leaving alongside titles from Lionsgate.
All of the MGM content from the first window has since gone to Hulu, and now with Paramount.
This has also been the case internationally with much of Netflix, although this is actually done on a film-by-film basis. We definitely suspect that MGM content that is on Netflix around the world is slowly being removed from Netflix in search of a new permanent home.
Netflix currently carries some Bond films, but with the purchase of Amazon, we suspect these will also deviate (although the exact power of Amazon over the James Bond IP and library is still in question).
Of course, this means that Netflix will likely never bid or have access to the MGM library again.
What it means for Netflix’s MGM TV projects
Several projects from MGM’s television division are still on their way to Netflix and one is fully available.
The one available is Messiah That was added to Netflix in January 2020 but unfortunately canceled after a single season.
The two major series currently being developed for Netflix are Wednesday based on The Addams family and a spin-off called to the Vikings Vikings: Valhalla.
While Netflix, as Netflix Originals, is unlikely to lose access to these shows, it does mean they may ultimately be rolled back to Amazon Prime Video. It also means Vikings will not come to Netflix in the US either.
Of course, this also means that Netflix won’t even look at it in any future show. We’ve heard rumors of a Stargate reboot streak for a long time over the past several years, and if that happens it will almost certainly hit Prime Video first.
To sum up, this doesn’t change much in the end, but it does add a new dynamic to the streaming wars and pressure Netflix to either make its own acquisition, double the output, or look elsewhere for library licenses (although it does ) dries out).