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In a landmark mega deal, Amazon is acquiring MGM Holdings — whose storied studio boasts one of the largest film and TV libraries — in a bid to turbocharge its Prime membership offering to customers and potentially mine intellectual property of franchises such as James Bond and Rocky.  The deal, pending regulatory approval, values the studio at $8.45 billion. “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling,” said Mike Hopkins, senior vp Prime Video and Amazon Studios, in unveiling the buy.   The acquisition, revealed just days after AT&T announced a $43 billion plan on May 17 to spin off its WarnerMedia division, including HBO and Warner Bros., to Discovery, marks the latest major consolidation to rattle the entertainment industry. Amazon, led by CEO Andy Jassy and founder Jeff Bezos —

Warner Bros. is already planning for the holidays. By Brandon Wolfe Warner Bros. has shuffled its schedule today, announcing that it is moving its (again, brutally pointless) remake of Point Break from summer to the very un-surfer-friendly date of Christmas Day. This move is not surprising, as the remake's original July 31 turf was recently encroached upon by the far more heavily anticipated Mission: Impossible 5 . Still, scuttling the film to Christmas feels like a peculiar move for such a summery property. Point Break will now square off against the latest Alvin and the Chipmunks squeakquel, the Will Smith drama Concussion and Paramount's Monster Trucks . WB has also set a Thanksgiving release date for Creed , the spin-off of the undying Rocky franchise, starring Michael B. Jordan and Sylvester Stallone. It will spar with Pixar's The Good Dinosaur , Ridley Scott's The Martian and an untitled Sony Christmas comedy starring Seth Rogen and Joseph Gordon-L

Sylvester Stallone Making Another Rocky Film I am one that would not want him to make another Rocky movie, unless he just made a cameo in the film and made the movie go down another direction. Something to think about. Rocky 6 wasn't half bad, but no way near the caliber of the first three Rocky films. But to tell you the truth if and when the movie comes out I will be there opening night. Just something about Rocky and that damn music running threw my head. I know I shouldn't go but dammit I have to. Another thing, if I was his kids I couldn't give a damn if dad made another Rocky movie, more money for me in the Trust account. And all of our father's will and have embarrassed us at some point in our life's, doesn't make u love them any less. Sylvester Stallone's wife wants him to stop making films because they embarrass his children. The 63-year-old 'Rambo' actor - who has recently revealed his hopes to direct a seventh 'Rocky' boxing movie