Amazon Devours MGM in the Latest Merger of the Content Armageddon ...Middle East

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Jeff Bezos now owns James Bond. And The Handmaid’s Tale. And Rocky (and Creed). And Legally Blonde, Robocop, The Pink Panther, Silence of the Lambs, and thousands of other films—all of which are also bits of intellectual property that can be made (and remade) into new films. On Wednesday, Amazon made it official: The e-commerce juggernaut was buying MGM, the venerable studio that was, for much of the 20th Century, synonymous with Hollywood. It is, in one sense, a landmark acquisition: A big tech company acquiring a hallowed, long-in-the-tooth media company. It is also the latest example of Big Tech’s increasing power as its tentacles grope into a variety of sectors, very much including tradi

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Amazon Devours MGM in the Latest Merger of the Content Armageddon ...Middle East

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