"Amazon.com Inc. is poised to announce an acquisition of the Metro-Goldwyn-Mayer movie studio as soon as Tuesday, according to a person familiar with the matter, marking the e-commerce giant’s biggest push yet into Hollywood. The agreement would bring a vast library of movies and shows to Amazon, which operates the Prime Video streaming service. MGM’s catalog includes the James Bond, Pink Panther, RoboCop and Rocky franchises, as well as films such as “The Silence of the Lambs"..." https://www.bloomberg.com/news/arti...said-to-come-as-soon-as-tuesday?sref=6uww027M
"Amazon agrees to buy MGM in move to widen its entertainment offerings In a landmark marriage of tech and Hollywood, Amazon will buy MGM parent company MGM Holdings for $8.45 billion, the companies said Wednesday. The deal for the embattled studio — the second-priciest in Amazon’s history — gives the online retailer the rights to a raft of classic film properties in its bid to become a dominant entertainment player." https://www.washingtonpost.com/nati...y-mgm-move-widen-its-entertainment-offerings/
Seems like Amazon is now really going to war with Netflix. But I still think that Amazon should be broken up, it's unfair competition if you ask me. Amazon could use all of the money they make with cloud services and use it to scoop up MGM, something that Netflix can't do.
Vast is an understatement. Incredible haul of a respectable, stout vintage famed massive motion picture library for Amazon. Reels and reels to newly digitize?
"FTC Launches Investigation Into Amazon's MGM Acquisition The Federal Trade Commission is launching a probe into Amazon’s nearly $8.5 billion bid to acquire MGM Studios... The FTC, newly led by vocal Amazon critic Lina Khan, will focus its investigation on 'the larger implications of the deal for Amazon’s market power'..." ...The agency is concerned that this merger will 'illegally boost Amazon’s ability to offer a wide array of goods and services, and is not just limited to content production and distribution'..." https://gizmodo.com/ftc-launches-investigation-into-amazons-mgm-acquisition-1847264484
Labor Unions Want the FTC To Block Amazon’s Acquisition of MGM August 11, 2021 https://gizmodo.com/labor-unions-want-the-ftc-to-block-amazon-s-acquisition-1847468104
