FTC preparing for potential antitrust lawsuit challenging Amazon’s takeover of MGM Studios and will decide how to proceed within weeks, The Information reports, citing unidentified people familiar with the situation.
- FTC has been asking entertainment companies that own rival streaming and TV networks if MGM’s library of movies would give Amazon too much power in streaming
- Have also been asking about streaming companies’ business relationships with Amazon Web Services, how deal would affect workers including unionized film production staff
- Former DOJ antitrust prosecutor John Newman is leading the MGM review
- FTC declined to comment: The Information
- Newman did not ...
- Newman did not ...