The era of content creation consolidation is upon us...once again. With Amazon's announcement of its $8.45 billion purchase of one of Hollywood's oldest movie studios, Metro Goldwyn Mayer (MGM), it's clear that the streaming wars are getting bigger, and more expensive.
Will we see more? And just what, if any, regulatory (or other) issues will a combination like this face?
Bond is just another word for "merger"…in Virtual Legality.
#Amazon #MGM #Bond
Discussed in this episode:
"Amazon Buys MGM, Studio Behind James Bond, for $8.45 Billion"
Variety - May 26, 2021
"Amazon and MGM have signed an agreement for Amazon to acquire MGM"
Business Wire (Amazon/MGM Press Release) - May 26, 2021
"List of Metro-Goldwyn-Mayer films"
"Was WB Games Just Sold? Untangling ATT, WarnerMedia, and Discovery (VL473)"
YouTube Video - May 17, 2021 - Hoeg Law
"District of Columbia accuses Amazon of unfair pricing strategies in new suit"
Reuters - May 25, 2021
"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).
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