“If allowed, this merger would permit Amazon to inevitably impact producers and consumers of video content, squeezing diversity as it gains distribution market share and pricing power,” Zucker tellsThe union-led pressure campaign is not entirely surprising: SOC has focused on Amazon as it relates to treatment of warehouse workers and the pressure it applies on other industries. The WGA West, led by David A.
And yet, Amazon, now led by CEO Andy Jassy, is sending mixed messages about the acquisition, which is its second largest after Whole Foods. On the one hand, the company is telling Wall Street that the acquisition is not a big deal. MGM never came up on the company’s latest earnings call, and Amazon never filed a form 8-K with the SEC after the deal was announced.
Yet the company has gone nuclear in its fight with the FTC, sending a letter June 30 demanding that Khan recuse herself from all matters involving Amazon, stemming from her work as a writer, congressional staffer and academic. Amazon wrote that Khan “has on numerous occasions argued that Amazon is guilty of antitrust violations and should be broken up.
But, assuming Khan does not recuse, Amazon will need to decide whether to dig in and fight or live in a new regulatory environment. Zucker adds, “We hope the FTC will see the handwriting is on the wall here. The only question is whether regulators read it and act on it.”
Makes no sense that Amazon buying MGM a studio that has been close to bankruptcy many times over the last 30 years is 'harmful vertical integration in the film industry at large' but then Disney were able to buy Fox without any regulatory issues
you know. I'm not polokho live in a hostel for 3.5 dollars Moscow Krasnoprudnaya street 28 hostel 'fool house' per day. with cockroaches, bedbugs and a lack of living. especially after attacks, choking and cardiac arrest against my will.