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A newly tech-skeptical FTC will reportedly review Amazon’s acquisition of MGM
https://techcrunch.com/2021/06/22/a-newly-tech-skeptical-ftc-will-reportedly-review-amazons-acquisition-of-mgm/
Amazon’s purchase of MGM must pass the scrutiny of the FTC, newly chaired by prominent Amazon critic Lina Khan, the Wall Street Journal has reported. While the $8.45M merger is not likely to be stopped, it may provide early indicators of how the agency is revising its approach to mega-corporations consolidating multiple industries with acquisitions like this one.
The proposed acquisition was announced last month, and the addition of MGM’s 4,000 films and 17,000 shows to the Amazon library would be a potent shot in the arm for Prime Video, which like the Amazon storefront itself is meant to be its customers’ default go-to for on-demand media.