U.S. FTC to probe Amazon’s purchase of MGM, WSJ says

MGM logo

For blog subscribers: This had the correct headline.

The U.S. Federal Trade Commission plans to investigate Amazon’s planned $8.45 billion acquisition of Metro-Goldwyn-Mayer, The Wall Street Journal reported.

Amazon has said it plans to acquire MGM, which controls half of the James Bond film franchise as well as thousands of other film titles and TV properties.

The FTC and U.S. Justice Department split U.S. regulatory review for large deals, the Journal said.

“During recent interagency negotiations, the FTC secured the right to review the Amazon-MGM deal, the people familiar with the matter said,” according to the Journal.

Amazon’s deal to acquire MGM may provide financial security for the Bond franchise — if approved by regulators. The Bond series has been subject to financial insecurity since MGM acquired United Artists, Bond’s original studio, in 1981.

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