FTC Preparing for Possible Challenge to Amazon-MGM: Information

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 ...