Amazon’s purchase of MGM Studios — it’s second-largest acquisition ever — might prove to be a step too far for lawmakers of both parties who are concerned about corporate consolidation in the media business. As a new report notes, the industry has experienced more than $700 billion worth of media mergers and acquisitions since 2014 — and there could be more consolidations on the way.
WEEKEND READER: Bezos Wants It All
May 30, 2021 • David Sirota
By purchasing MGM, Jeff Bezos might finally provoke an antitrust backlash.
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