THB #102: MGM/UAmazon

(Early Discolure: MGM/UA ads to follow…)

The monkeys are throwing their poop at the walls in excitement over the close of the Amazon purchase of MGM/UA. They are so excited, they don’t know what to do with themselves.

There are those who were sure that the Biden Administration would put a stop to it. They were wrong.

There were those who were sure that Amazon would target Paramount even before this deal closed. They were wrong.

There are those who just have to say something to look like they have something to say. I heard 2 of them today explaining how they stood near Bezos at bar at a Golden Globes party a few years ago (weirdly, I was there too) and how they got a vibe from him that is informing their opinions of what comes next out of this merger. Not kidding.

Here is my little take…

In the last 2 years, DeLuca and Abdy did their thing. Mark Burnett, for much longer, has done his thing. And they made the previously moribund company warm enough to make a purchase look reasonable while …