Amazon completes acquisition of MGM Studios

Agent 007 – James Bond is now a man of Amazon. This joke is actually true, after the e-commerce giant successfully closed the deal to acquire MGM studio – the management company of movie franchises such as Spy Bond, the Rocky boxing series, at the same time is also one of the iconic movies of Hollywood history.

The move aims to upgrade Amazon Prime’s streaming service and strengthen Amazon’s position in the entertainment industry.

“With the acquisition of MGM, Amazon will add approximately 4,000 movies and tens of thousands of TV content to its library. So it’s a big deal that could help Amazon Prime better compete with competitors.” competitors like Disney +, Hulu and Netflix …”, said Paul Dergarabedian – communications expert at Comscore.

Amazon is deep into the online publishing space. Photo: Reuters.

Amazon’s dominance in online retail has already prompted antitrust watchdogs to keep an eye on the platform. However, this acquisition was approved by the competent authorities of the European Union (EU) without conditions.

The European Commission, which regulates competition issues in the EU, assessed that Amazon’s new deal did not pose “competitive concerns”.

Mr. Paul Dergarabedian said: “The competition in the streaming space can be likened to life in the wild west. Each company tries to be different by creating great content. But that is not decided. decide all, have to prepare a good platform or have other ways to retain users.”

In addition to adding content, another motivation for Amazon to acquire MGM is to help them keep up with the trend of consolidation between brands. media company cult. Before that, WarnerMedia also intended to merge with Discovery. This merger, if officially approved, will make the competition in the streaming field hotter than ever.

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