007: With media consolidation, just a piece on the board

“Sorry, Kronsteen. Disney just bought you out.”

In less than a week, there have been two developments that reinforced how James Bond — despite his cinema history — is just a piece of the chessboard.

On Halloween, Metro-Goldwyn-Mayer and Annapurna Pictures announced a joint venture to release movies in the U.S.

MGM is 007’s home studio and controls half of the franchise. But Bond 25 wasn’t part of the deal. Still, it was a reminder how Bond fans don’t really know what’s going on behind the scenes.

MGM hasn’t had a distribution operation since exiting bankruptcy in 2010. The Annapurna deal is a first step toward being a “big boy” studio again. Still, it’s not clear how this affects the Bond franchise just yet.

On Monday, CNBC reported that Walt Disney Co. had engaged in discussions with Rupert Mucdock’s 21st Century Fox to buy most of the 20th Century Fox movie and TV operations.

That has the potential to affect Bond because Fox has a contract for home video distribution of 007 films. It has even more potential to affect Marvel Studios. Disney owns Marvel but Fox licenses key properties such as the X-Men and the Fantastic Four.

For now, according to CNBC, the “two sides are not currently talking at this very moment.” But, until Monday, nobody had an inkling this was even a possibility. 

Back in February, this blog suggested MGM needed to get bigger or get out. The blog took some flak from on social media for daring to suggest MGM wasn’t as strong as other studios. Nine months later, this blog may have been proven right and then some.

It was once observed (by Shady Tree) that Willard Whyte liked “to play Monopoly with real buildings.” In 2017, it’s not just real buildings that are stake. The fate of major movie franchises is also in the pot.

How is it going to turn out? Your guess is as good as the blog’s. But next time you see someone on social media saying they know what’s going to happen, don’t believe them.

One Response

  1. I Believe the Talks Between Disney and 20th Century Fox, are Fake news. reasons Being. over the Dacades i grew-up Believing disney was a Family orientated Business that only believe in entertaining Children and the Child at Heart. If Disney does purchase Fox then it means the Walt Disney Legacy in Family Values has Changed. But this is Just my Opinion.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: