Amazon buying MGM is just continuing a 40,000-year-old media tradition

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IN LATE May, Amazon bought 97-year-old movie studio MGM for $8.45 billion. Although that is a huge amount of money, there is something almost routine about the transaction at this point. MGM owns some of the rights to James Bond and a few other popular franchises, so there is talk about how big tech is about to ruin more nice things.

Obviously, Amazon is trying to lure more customers to MGM’s catalogue, and sure, it is possible that Amazon will ruin our love for Agent 007 with a romcom about wacky high jinks when James Bond marries a surveillance drone. …

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