The European Union’s antitrust commission also approved the deal, saying that Amazon’s purchase of MGM would “raise no competition concerns.”īeyond its content slate, another incentive for Amazon However, The Wall Street Journal reported earlier this month that Amazon “certified to the FTC that it had provided all the information requested by antitrust investigators” and a deadline was set for the agency to file any legal challenge by mid-March. It was reported by The Information in July that the regulator might fight the deal. The deal closed without a challenge from the Federal Trade Commission. MGM also houses other notable franchises, including “Rocky,” “The Handmaid’s Tale,” “RoboCop,” “Legally Blonde” and the Epix TV network. “MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience,” Mike Hopkins, SVP of Prime Video and Amazon Studios, said in a statement.
Why Amazon just spent more than $8 billion on MGM Close up of the large metal MGM logo that hangs above the front desk at the MGM Studios headquarters on Beverly Drive in Beverly Hills in Los Angeles on March 1st, 2019.
