Metro Goldwyn Mayer (MGM), American corporation Worlds largest and famous motion-picture studio has signed a cloud computing agreement and entered a multi-year partnership with Amazon Web Services to reconceptualize its enterprise media platform and prime media supply chain and also this collaboration help the studio to flourish their new revenue opportunities and business models.
MGM has one of the world’s popular libraries of premium film and television content, which they’re innovating within the cloud to reinforce how they get this extensive, rich content bent distributors around the world using scalable, microservices-based architectures.
Under the provisions of the deal, the studio, which owns two franchises ie, James bond and Rocky movie also like TV shows like The Handmaid’s Tale and Fargo, will migrating its entire content library and SAP workloads to the AWS cloud. AWS to power its media supply chain also supports its content rights and distribution processes.AWS software boosts its distribution across platforms. The deal consolidates the studio’s media supply chain within amazon servers, allowing its films and television shows to transfer, processing and packaging for distribution to linear networks. This new cloud-based media supply chain will give increased visibility in their content.
Metro Golden Mayer utilizes AWS software to develop new revenue opportunities and also to be used as a catalyst for running business events. Forecasting content viewing and sales trends and predict demand for the vast library they use Amazon sage maker software. Another one is Amazon Rekognition software to tag all frame of its TV and movie library, its beneficial for MGM partners to seek out and license TV and film shows.
MGM finds new revenue opportunities through delivering more content experiences to viewers that’s possible only after faster processing of licensing deals.MGM’s new cloud-based media supply chain will leverage AWS cloud, For the updation of its basic structure using machine learning, serverless, storage, and media services.
MGM actually in financial crisis, the studio has been financially stretched thin while forgoing revenue from theatrical grosses and weathering a months-long film and television production shutdown earlier this year amid the pandemic. The top shareholder of MGM Inks is Anchorage Capital, ie, ruled by former Goldman Sachs exec Kevin Ulrich, who guides and leads the board of directors in MGM’s studio. This multi-year collaboration /cloud computing deal with Amazon web service surely exposes new revenue opportunities to MGM Inks.
