Not a good move - we need smaller independent channels, not a hive-mind pretending.
From Variety:
Amazon Said to Make $9 Billion Offer for MGM
Amazon is weeks into negotiations on a deal to acquire MGM for about $9 billion, industry sources tell Variety.
Chatter that Amazon (and other tech and media giants) have been sniffing around MGM has circulated for some time. But sources indicated that Amazon’s interest in acquiring the studio has taken on a new tenor beyond the usual rumor mill. The deal is said to be being orchestrated by Mike Hopkins, senior VP of Amazon Studios and Prime Video, directly with MGM board chairman Kevin Ulrich, whose Anchorage Capital is a major MGM shareholder.
And, of course, the usual:
Reps for Amazon and MGM declined to comment.
I would like to see these media hives be broken up like AT&T was. Monopoly is not capitalism. There is no competition when just a few groups own the landscape.
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