No one is ever going to bust these trusts.
There’s no point in busting up prohibiting any monopolies now.
Didn’t the studios used to own movie theater chains and they had to give up that long lasting studio system in the 60s? How is it different if Amazon theater online phones all these studios and back catalogs? For Disney+?
They will go from super-communist to super-duper communist!
The government is going to allow the biggest reseller of movies (dvds, blurays) to buy a movie production company? Really?
I guess antitrust isn’t a thing anymore.
Republicans/Conservatives made an ENORMOUS mistake when they allowed television networks to be swallowed up by Hollywood studios and then compounded that mistake when they allowed cable companies to swallow up the same Hollywood studios. Unfortunately, I have absolutely no hope they’ll do the right thing here.
NO. NO. NO.
If Amazon has so much money they should pay giant dividends to the stock holders, not acquire more companies.
So you can have your Amazon deliveries brought to the MGM Casino.
First IMDB and then MGM
Prime will eclipse Netflix
Who will buy Netflix?
I guess a certain theme park in Florida will now be called “Disney Amazon Studios.”
It won't much value moving forward if Bond is a Black Lesbian.
I use to own 1000 shares on Amazon back in 2004,bought for $54 a share and I got cold feet and sold for $60 then had family financial issues which broke me. I now drive a truck for a living. Dont mention Amazon to me.
Prime video originals are already a lot better than netflix originals. This is going to take them to another level production wise.
Will amazon make it worse?
Stop giving your money to Hollyweird.
They use it to further indoctrinate the masses.
Is this a buy...or another bailout?
And if the latter, with whose money?
At some point Amazon is going to be so big that it becomes unprofitable. That day has not arrived yet. But it will come, ultimately.
I hope this does not affect what TCM shows on that channel.
The MGM of today is overpriced at Billions of dollars. They seem locked into making PC productions not many want to see.
MGM wouldn’t be selling if they weren’t in financial trouble.
https://constitutioncenter.org/blog/the-day-the-supreme-court-killed-hollywoods-studio-system
The major studios had a near-monopoly on the movie business in the United States. Each studio had exclusive contracts with actors and directors; owned the theaters where their movies played; worked with each other to control how movies were shown in independent theaters; and, in some cases, owned the companies that processed the film.
The system of “vertical integration” was expensive to maintain, but it was lucrative when the movie business was booming.
Independent movie makers and theater owners started taking legal action decades before the 1948 Supreme Court ruling.
The Justice Department won the first round of the fight in 1930, when the Supreme Court ruled that the movies studios were monopolies. A key finding was that the process of “block booking” was illegal. In block booking, studios forced theaters to buy films as a group well in advance, and often without seeing them.
(NOTE: This still goes on with concert booking, movie booking, and in the 1990s when Clinton’s corrupt AF pal ran Marvel Comics in the distribution of publications (Marvel bought the top distributor as well and would only “guaranty” certain limited publications if a store bought EVERYTHING Marvel was stuffing in the channel).
Remember when monopolies were bad? LOL.