Amazon’s Proposed MGM Acquisition Under Attack By Citizens, Labor Groups
A coalition of 34 citizen groups last week sent a letter to the Federal Trade Commission (FTC) urging its members to block Amazon’s pending $8.45 billion purchase of MGM in order to slow Amazon’s growing dominance. In a letter to recently named FTC Chair Lina…
Study: Amazon, MGM Deal Comes As SVoD Competition Grows Hotter
Anyone wondering what would have motivated Amazon to spend more than $8 billion this week in a definitive merger agreement with MGM Studios, need only look at the seven horse premium streaming video service race. According to consumer measured interest metrics released this week by…
MGM, Amazon Reach Definitive Merger Agreement
The studio that brought us classics such as Robocop and the James Bond series is being sold to Amazon. Chatter about the pending deal has been widely reported in recent weeks, but an official announcement was released Wednesday saying that e-commerce king Amazon and MGM…
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