Amazon.com is cutting hundreds of jobs at its streaming operation, The Hollywood Reporter said.
Amazon purchased Metro-Goldwyn-Mayer, James Bond's home studio, in 2021.
At the time, the Amazon purchase was seen as financial stability for Bond.
Now? We'll see. Here's an excerpt from the THR story.
Mike Hopkins, the executive who leads the division, announced the reduction in an email Wednesday morning, writing that "several hundred roles" would be eliminated.
"Our industry continues to evolve quickly and it's important that we prioritize our investments for the long-term success of our business, while relentlessly focusing on what we know matters most to our customers," he wrote. "Throughout the past year, we've looked at nearly every aspect of our business with an eye towards improving our ability to deliver even more breakthrough movies, TV shows, and live sports in a personalized, easy to use entertainment experience for our global customers. As a result, we've identified opportunities to reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact."
From 1981 (when MGM bought United Artists, the studio that first brought Bond films to theaters) through 2021 (when Amazon bought MGM), Bond films were a big mess financially.
The Amazon deal was supposed to make things more stable.
Today? We'll see.
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