Reuters
Union group says U.S. should reject Amazon’s plan to buy MGM
Four big unions, including the Service Employees International Union and the Teamsters, urged the U.S. Federal Trade Commission on Monday to oppose Amazon.com’s plan to buy Metro-Goldwyn-Mayer Studios, saying it would reduce competition in the streaming video market. Amazon announced the $8.45 billion deal in May, saying the purchase of the fabled U.S. movie studio, home to the James Bond franchise, would give it a library of films and TV shows to compete with rivals like Netflix and Disney+. The unions, in a report by an entity they support called the Strategic Organizing Center, argued that the deal would bring Amazon’s industry-leading streaming library to more than 55,000 titles, with more under development, which would give the company greater incentive to discriminate against rivals.
Add Comment