Los Angeles Business Journal

MGM’s Content Added to Amazon Prime

By Deborah Crowe Wednesday, June 13, 2012

Metro-Goldwyn-Mayer Studios Inc. and Amazon.com Inc. on Wednesday said they signed a licensing agreement that will make MGM’s extensive film and TV catalog available on Amazon’s Internet video service.

The MGM catalog, which includes “Silence of the Lambs,” “Terminator,” and the series “Stargate,” will boost the Seattle e-commerce company’s Amazon Prime Instant Video service, which competes with Netflix and Apple streaming services.

“MGM offers one of the most distinguished catalogs in all of Hollywood,” said Brad Beale, Amazon’s director of digital video content acquisition, in a statement.

MGM, which struggled under a debt load after going private in 2005, emerged from Chapter 11 bankruptcy in December 2010 and moved from Century City to a smaller Beverly Hills headquarters. It has been marketing its iconic film catalog for a variety of new media platforms, and making modest efforts to rebuild its film production studio.