Sen. Warren calls for ‘meticulous’ review of Amazon’s MGM acquisition
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Senator Elizabeth Warren is calling on the Federal Trade Commission for a thorough review of Amazon’s bid to acquire MGM, arguing that the deal could harm consumers and may have anticompetitive effects in the streaming space and beyond.
The Verge, Warren urged the FTC to specifically and closely examine “the possible anticompetitive effects this deal will have on streaming services and entertainment products in addition to the broader impacts that this transaction may have on workers, small businesses, and competition overall as Amazon which already dominates numerous markets accelerates its aggressive monopolistic behavior.”
Amazon to acquire iconic Hollywood studio MGM for 8 45 bln USD--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
The e-commerce and tech monopoly Amazon announced Wednesday it would purchase the historic MGM Studios as part of the ongoing merger and consolidation of the entertainment content and video streaming industries.
LOS ANGELES, May 26 (Xinhua) U.S. e-commerce giant Amazon announced Wednesday it will acquire Metro-Goldwyn-Mayer (MGM), one of the most iconic Hollywood stu