(Washington) The Hollywood studio myth MGM has officially joined Amazon’s studios and video platform, announcing Thursday the online commerce giant, which has disbursed US $ 8.45 billion (CAN 10.7 billion) for better’s armer Gesiicht to compete in the continuous broadcasting sector.
Published at 12:32 p.m.
Updated by 3:06 p.m.
“With over 4000 Movies, 17,000 TV Series Episodes, 180 Oscars and 100 Emmy Awards, the historic, quasi-centenary studio, which complements the work of Prime Video at Amazon Studios to provide a choice of client entertainment”, indicates a press release.
Amazon announced in May 2021 MGM’s launch. The Seattle team also retrieves a catalog that includes, among others, the James Bond et Rockybut also The silence of the lambs ou Basic Instinct.
It’s the second acquisition of the most beloved in the history of Amazon after that of American supermarkets Whole Foods for 13.7 billion US dollars in 2017.
Brussels announced on Tuesday that it had unconditionally authorized this acquisition, estimating that the operation did not pose “any competition problem” in Europe.
The transaction is Contested in the United States. Inquiries of the Croissant d’Amazon power on the continuous broadcasting (SVOD) sector, the syndicates attempt to supply, supported by political personalities.
The Strategic Organizing Center, a federation that represents nearly four million employees, in particular has appealed to the U.S. Competition Authority, the Federal Trade Commission (FTC), to oppose it.
Amazon will control the Emwelt 56,000 titles after this operation, far ahead of Netflix which has at least 20,000 titles, according to the FTC.
“The FTC does not comment on specific transactions,” said an agency spokesman in an AFP statement.
“We reiterate, however, the fact that the Commission does not have an authority that approves the transactions and that it is in the process of contesting an agreement at any time that it determines whether it approves the law,” it added.
The FTC also recalled that it had been sending the last warning letters for mergers or acquisitions since it had not had time to examine in part before the law, in order to prevent the parties concerned that they have always been under the influence of an investigation.
The regulator did not want to confirm that it had sent a mail to Amazon and MGM.
Created in April 1924 by Marcus Loew, a movie owner, MGM became one of Hollywood’s most important studios with a plethora of stars like Greta Garbo, Joan Crawford, Clark Gable, Katharine Hepburn and Elizabeth Taylor.
It has known of many financial losses since the 1970s, passing among many people before declaring bankruptcy in 2010 then restructuring.
Prime Video is Amazon’s continuous broadcast platform, including online subscription services that allow users in particular to deliver free of charge and more quickly.
In April, Prime indicated to count more than 175 million subscribers.
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