In an announcement, Amazon mentioned it could welcome all MGM workers to the corporate and work with the studio’s management, indicating there wouldn’t be layoffs. Its determination to shut comes after a deadline handed for the U.S. Federal Commerce Fee to problem the deal.
The Seattle-based retailer introduced the transaction in Could 2021, saying MGM supplied a trove of content material to attract customers to its fast-shipping and streaming membership Prime, which prices $14.99 per thirty days in the US.
Practically a yr later, Amazon is evident of regulatory hurdles. The European Fee authorised the deal Tuesday, with no circumstances. Likewise, Amazon earlier knowledgeable the FTC that it had “considerably complied” with requests for details about the deal.
In response to Amazon, MGM’s employees will be a part of the group of Mike Hopkins, senior vp of Prime Video and Amazon Studios.