Mike Hopkins Reveals Interim Reporting Structure For Top MGM Execs – CB
Following the $8.5 billion sale of MGM to Amazon, two city corridor conferences had been held right this moment, the primary with MGM staff and the second with Amazon Studios and Prime Video staffers. Each led by Amazon Studios and Prime Video SVP Mike Hopkins detailed a brand new group construction: MGM Movement Image Group…
Whereas autonomous is an enormous phrase to make use of with regard to MGM’s addition to Amazon, we’re informed that the procuring web site/streamer’s m.o. towards its new studio acquisition is that if enterprise is working, don’t mess with it. MGM through UAR grossed over $323M on the home field workplace final yr, its largest pics being Bond film No Time to Die with $160.8M, and what’s nonetheless the very best grossing adult-dramatic film of the pandemic, Home of Gucci with $53.8M. All in, No Time to Die revamped $774M WW, of which Common dealt with the abroad distribution and advertising. Of late, MGM/UAR’s Channing Tatum film Canine, geared at feminine audiences, has been a field workplace sleeper with $50.1M up to now. There are a minimum of eight to 10 theatrical releases deliberate for MGM/UAR this yr. Amazon hasn’t distributed a film for fairly a while adhering to a theatrical window; most of their titles over the past two years have debuted on Prime and in choose cinemas on the identical weekend with grosses going unreported to the press.
We’re listening to that these motion pictures in manufacturing or nearing manufacturing will proceed to take action; nonetheless, it’s nonetheless TBD concerning these motion pictures which can be nonetheless in improvement.
De Luca and Burnett had been additionally in attendance on the MGM city halls; Salke and COO Albert Cheng had been current on the Amazon one. Through the MGM assembly, it was a welcomed tone, with sizzle reels performed from upcoming Amazon and MGM product, and a number of pleasure generated concerning the two corporations coming collectively. Equally, the temporary Amazon Studios presentation welcomed MGM staffers to the corporate and confirmed an MGM trailer. Sources for staffers on either side had been listed for them to ask questions associated to the acquisition.
