{"id":287741,"date":"2021-06-30T18:11:58","date_gmt":"2021-06-30T15:11:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elizabeth-warren-calls-for-antitrust-review-of-amazon-mgm-merger\/"},"modified":"2021-06-30T18:11:58","modified_gmt":"2021-06-30T15:11:58","slug":"elizabeth-warren-calls-for-antitrust-review-of-amazon-mgm-merger","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elizabeth-warren-calls-for-antitrust-review-of-amazon-mgm-merger\/","title":{"rendered":"#Elizabeth Warren calls for antitrust review of Amazon-MGM merger"},"content":{"rendered":"

“#Elizabeth Warren calls for antitrust review of Amazon-MGM merger<\/strong>”<\/p>\n

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Sen. Elizabeth Warren called for \u201cmeticulous antitrust scrutiny\u201d of Amazon\u2019s $8.5 billion acquisition of MGM Studios, warning that it could crush competition.<\/p>\n

\u201cAmazon\u2019s proposed acquisition of Metro-Goldwyn-Mayer Studios (MGM) could harm consumers and workers and reduce innovation by inhibiting competition in numerous markets,\u201d the Massachusetts Democrat wrote in a Tuesday letter<\/a> to Federal Trade Commission Chair Lina Khan.<\/p>\n

The newly confirmed FTC head, a renowned big tech opponent, is already reportedly investigating the transaction, Amazon\u2019s biggest acquisition since it bought Whole Foods for $13.7 billion in 2017.<\/p>\n

The MGM deal would give the Seattle-based e-tailer headed by Jeff Bezos control over MGM\u2019s library of more than 4,000 films and 17,000 hours of television, including \u201cThe Handmaid\u2019s Tale,\u201d the James Bond and Rocky movie franchises and reality shows \u201cShark Tank\u201d and \u201cThe App<\/a>rentice.\u201d<\/p>\n

An Amazon spokesperson told The Post that buying MGM will provide more choice to consumers by bolstering competition among producers of film and television. But Warren slammed the acquisition as part of a broader pattern of anti-competitive behavior by Amazon.<\/p>\n

\"MGM's
The deal gives Amazon control over MGM\u2019s library of more than 4,000 films and 17,000 hours of TV, including \u201cThe Handmaid\u2019s Tale,\u201d the Rocky movies<\/a> and reality shows \u201cShark Tank\u201d and \u201cThe Apprentice.\u201d<\/figcaption>
Alamy Stock Photo<\/span><\/figcaption><\/figure>\n

\u201cI urge you to use the FTC\u2019s broad authority under this law to assess 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 \u2014 which is already the dominant e-commerce firm \u2014 accelerates its aggressive monopolistic behavior,\u201d Warren wrote in her letter to Khan, which was first reported<\/a> by the Verge.<\/p>\n

Amazon is primarily an e-commerce company, but has branched out into media<\/a> in recent years. The company recently\u00a0inked an $11 billion deal with the NFL\u00a0to become the new home of \u201cThursday Night Football.\u201d<\/p>\n

\"An
Amazon buying MGM is the company\u2019s biggest acquisition since it bought Whole Foods for $13.7 billion in 2017.<\/figcaption>
Alamy Stock Photo<\/span><\/figcaption><\/figure>\n

Amazon\u2019s Prime membership program \u2014 which includes streaming content from Amazon Prime video \u2014 currently has about 150 million members in the US.\u00a0<\/p>\n

The FTC has reviewed a slew of big media deals in recent years, including\u00a0Disney\u2019s $71 billion acquisition of 21st Century Fox\u00a0and\u00a0AT&T\u2019s $85 billion merger with Time Warner,\u00a0which the department unsuccessfully\u00a0tried to block in court.<\/p>\n

With Will Feuer and Alexandra Steigrad<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Elizabeth Warren calls for antitrust review of Amazon-MGM merger” Sen. Elizabeth Warren called for \u201cmeticulous antitrust scrutiny\u201d of Amazon\u2019s $8.5 billion acquisition of MGM Studios, warning that it could crush competition. \u201cAmazon\u2019s proposed acquisition of Metro-Goldwyn-Mayer Studios (MGM) could harm consumers and workers and reduce innovation by inhibiting competition in numerous markets,\u201d the Massachusetts Democrat…<\/p>\n","protected":false},"author":1,"featured_media":287742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/06\/warren-amazon-mgm-90.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[110714,2758,1394,27943,70874,77105,29335,39572],"class_list":["post-287741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-30-21","tag-amazon","tag-amazon-prime","tag-amazon-studios","tag-anti-trust-law","tag-elizabeth-warren","tag-mgm","tag-monopoly"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/287741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=287741"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/287741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/287742"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=287741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=287741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=287741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}