SOC in the News August 11, 2021

Amazon’s MGM Takeover: Labor Coalition Lobbies FTC to Halt Deal

As the Federal Trade Commission examines Amazon’s proposed $8.45 billion buy of MGM, pressure from unions and progressive politicians is mounting on the regulator to take action, either by blocking the deal or requiring the company to abide by conditions such as decoupling Amazon Prime Video from the rest of Prime to secure approval.

The latest salvo comes from the Strategic Organizing Center, a federation of labor unions that includes the Communications Workers of America and the Teamsters. In a letter to be sent to FTC chair Lina Khan on Aug. 11, obtained by The Hollywood Reporter, SOC executive director Michael Zucker writes that the acquisition “would further bolster Amazon’s ability to leverage power across multiple lines of business related to the SVOD market and create further harmful vertical integration in the film industry at large” by leveraging its ecommerce prowess.

Read more at The Hollywood Reporter

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