Layoffs are hitting Amazon’s entertainment businesses. Twitch, the industry-leading livestreaming platform Amazon acquired in 2014, is cutting more than 500 jobs. In a memo to employees shared on the company’s… Read More
Amazon said Thursday that its deal to acquire Hollywood studio MGM, announced in May 2021, has closed. The $8.45 billion deal is Amazon’s second-largest acquisition behind its $13.7 billion purchase… Read More
Amazon joined other tech companies in a huge corporate buying spree last year, right? Well, it depends on how you count it. The widely reported numbers are based on acquisition… Read More
In a letter sent to Federal Trade Commission Chair Lina Khan, Sen. Elizabeth Warren asserted that Amazon’s billion-dollar bid for MGM might harm consumers and extend Amazon’s market dominance beyond… Read More
The U.S. Federal Trade Commission — not the Department of Justice — is expected to lead the investigation into Amazon’s proposed $8.5 billion purchase of MGM Studios, according to a… Read More
Amazon’s agreement to acquire MGM for $8.45 billion has all the makings of a great script, combining a Hollywood icon with an Internet powerhouse. But will this unlikely pairing be… Read More
Bezos. Jeff Bezos. Doesn’t quite have the same ring to it as a certain British secret agent’s introduction. But that’s nothing $8.5 billion can’t fix, right? Amazon had no sooner… Read More
Amazon is close to a deal to acquire Metro-Goldwyn-Mayer (MGM) according to a new report in The Wall Street Journal on Monday. The historic Hollywood studio would cost the Seattle-based… Read More
Amazon’s desire to be an even bigger player in Hollywood could involve the acquisition of MGM, according to an exclusive report by The Information on Monday. The report cites a… Read More
Kelly Smith is ready for another adventure. The longtime Seattle entrepreneur who most recently helped lead Starbucks’ digital expansion across the world is now headed to Las Vegas to work… Read More