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Amazon to acquire MGM Film Studio for $8.45 Billion

26May By AnkitaNo Comments

ACQUISITION

Amazon to acquire MGM Film Studio for $8.45 Billion

SEATTLE & BEVERLY HILLS, Calif., 26th May 2021-- Amazon (NASDAQ: AMZN) has announced that they are going to acquire MGM Holding for $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. “MGM has a vast catalog with more than 4,000 films includingJames Bond, Robocop, Rocky, The Pink Panther, etc. as well as 17,000 TV shows that have collectively won more than 180 Academy Awards and 100 Emmys,” said Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios. “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many...

‘Avengers: Endgame’ becomes Fastest Movie with Record $1.2 Billion Global Collection

29Apr By NitishNo Comments

INSPIRATIONAL

‘Avengers: Endgame’ becomes Fastest Movie with Record $1.2 Billion Global Collection

Marvel Studios’ Avengers: Endgame has shattered records with an unprecedented estimated global debut of $1.209 billion, becoming the first film in history to surpass $1 billion in its opening weekend. The film reached the billion-dollar threshold in just five days, more than twice as fast as its predecessor Avengers: Infinity War, which held the record at 11 days. The film also set domestic and international records, earning an estimated $350 million domestically and $859 million internationally. “Kevin Feige and the Marvel Studios team have continued to challenge notions of what is possible at the movie theater both in terms of storytelling and at the box office,” said Alan Horn, chairman, The Walt Disney Studios. “Though Endgame is far from an end for the Marv...

19Apr By reutersNo Comments

BUSINESS

Bollywood Makes Way For Hollywood Business in India

When “The Fate of the Furious” opened in India this month, the eighth installment of the blockbuster Hollywood franchise romped past the lone homegrown offering at the Easter weekend box office. Period drama “Begum Jaan” was the only Bollywood film that dared to challenge “The Fast and the Furious” car-racing franchise, unlike other Indian films that steered clear of a possible clash despite the dearth of slots in a crowded 2017 release calendar. “It has come to a stage when producers are actually staying away from April 14,” film-maker Vikramaditya Motwane told Reuters in an interview in March. “No big Hindi film will be released on the day because the last one made a 100 crore ($15.5 million) and this one looks like it will make even more than that.” Motwane’s words proved pr...

Priyanka Chopra Among World’s Highest Paid Actress, “Secret” Lies in Her Legs

15Sep By VishwadeepakNo Comments

News

Priyanka Chopra Among World’s Highest Paid Actress, “Secret” Lies in Her Legs

Desi girl Priyanka Chopra has once again made all Indian proud of her. World’s most prestigious business magazine Forbes included her name among top 10 highest paid television actresses of the world. While Modern Family star Sofia Vergara is on the top with the earning of around 287 crore in a year, Priyanka Chopra is on 8th slot. She has earned around 74 crore in a year. According to Forbes, a part from her ABC TV show Quantico fee, she has mostly earned from endorsements. But, there is something very secret about Priyanka’s success which Forbes could not find out. It is her legs. Talking to fashion magazine W, Priyanka Chopra has revealed that it is her legs that can sell 12-15 products in India. 34-year-old Priyanka said that she learnt to take care of herself and as a res...

13Jan By reutersNo Comments

CHINA

China’s richest man buys Hollywood studio Legendary for $3.5 billion

Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to package Legendary, behind hits like "Jurassic World", with existing movie production assets in China and sell shares in the merged operation in an initial public offering (IPO). The move makes Wanda the first Chinese firm to own a major Hollywood studio - a sign of the country's growing power in the global movie world, industry watchers said. "Wanda Cinema already has made tremendous development in China, but it isn't enough," said Wang, whose personal ...

A Story About a Famous Hollywood Actor, Who Started Second Career At The Age of 45

4Jan By NitishNo Comments

INSPIRATIONAL

A Story About a Famous Hollywood Actor, Who Started Second Career At The Age of 45

This is a short story about a famous Hollywood actor who started a second career (and found his true passion) at the age of 45. That’s 27 years after he made his acting debut. This article is about how dissatisfied so many people are with their current jobs. If that’s you, then let our words here inspire you to greater success. The actor I’m writing about is Paul Newman, who passed away in 2008 at the age of 83. His second career, his true passion, was professional auto racing. Who’d have guessed, right? So maybe there’s a future career for you that you haven’t ever considered before. If it’s sales you’re interested in, you’re going to quickly see some parallels between acting, auto racing and sales. Find Your Passion A lot of people think you have to be passionate abou...