Showbiz Sandbox

Showbiz Sandbox 543: Amazon Grabs a Lion’s Share of MGM

In a move that had been rumored for weeks, Amazon became the first tech company to purchase a Hollywood movie studio in an $8.45 million deal. The acquisition will arm Amazon with over 4,000 movies like the Bond Franchise, “The Pink Panther” and “Robocop,” not to mention upwards of 17,000 television episodes. The real question is why did it take so long for a tech giant to buy a movie studio?

Meanwhile, a holiday weekend helped spark the post-pandemic North American box office as movies that were originally scheduled for release last year opened in theaters. Some new titles like “Cruella are also available on VOD at the same time. Is day-and-date releases hurting the box office prospects of such films?

Of course we also cover some of the week’s top entertainment headlines including the Academy Awards returns to its normal schedule, HBO Max is moving into Latin America and why “Friends” was censored in China.

How Paramount Resurrected Moviegoing With ‘A Quiet Place Part II’ $57M Opening; ‘Cruella’ Dazzles With $27M

‘A Quiet Place Part II’ Shouts To $70M+ Global Debut; ‘Cruella’ Fashions $37.4M WW; ’F9’ Races To $230M Offshore

AMC, Regal, and Cinemark No Longer Require Masks If You’re Vaccinated

Cannes Travel: U.K. Visitors With Special Certificate Can Enter, But Mandatory Quarantine Still in Place For Now

Rich Greenfield Explains His 1-Cent AMC Entertainment Price Target

Oscars 2022 Ceremony Moves to Late March, Keeping Pandemic Qualifying Rules and Standard Calendar Year

Charlie Hanson Removed As Producer On Netflix’s ‘After Life’; Ricky Gervais “Shocked & Appalled” By Misconduct Allegations

Kelly Clarkson to Take Over Ellen DeGeneres’ Daytime Slot

Olivia Rodrigo’s ‘Sour’ Debuts at No. 1 on Billboard 200 Albums Chart With 2021’s Biggest Week

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