An Amazon emblem seems on an Amazon supply van, on Oct. 1, 2020, in Boston. (AP Photograph/Steven Senne, File)
LONDON --
European regulators on Tuesday cleared Amazon's buy of Hollywood studio MGM, saying the deal would not increase any competitors issues.
The net procuring large mentioned final 12 months that it was shopping for MGM in a US$8.45 billion deal aimed toward bulking up its video streaming service with extra content material to observe.
The European Fee mentioned its investigation discovered the deal “wouldn't considerably cut back competitors” in European markets, together with for film and TV manufacturing, wholesale provide of TV channels and retail provide of “audiovisual providers.”
The fee, the European Union's govt arm, and its high competitors watchdog mentioned MGM's content material cannot be thought-about “must-have” and it is “not among the many high manufacturing studios,” regardless of holding the rights to profitable franchises together with James Bond.
Recognized for its roaring lion emblem, MGM is without doubt one of the oldest studios in Hollywood however its star has pale significantly through the years.
It nonetheless has an enormous library, with well-known characters corresponding to Rocky, RoboCop and Pink Panther, which Amazon has mentioned it will use to create new motion pictures and exhibits.
Post a Comment