What's Next for MGM TV and Mark Burnett After Amazon Acquisition?
(RTTNews) - Amazon's proposed takeover of MGM is under fire again after the appointment of Lina Khan as the chairperson of the Federal Trade Commission by the White House. The deal is supposed to open up a 4000 plus video library including films and TV series for the Amazon-run streaming service, Amazon Prime Video. Lina Khan, an associate professor of the Columbia Law School, had published an article in the Yale Law Journal in 2017 against the monopoly of giant corporations titled Amazon's Antitrust Paradox. Khan took a step back into history to say that the Sherman Law of 1980 and the Clayton Act of 1914 had more to talk about than just 'predatory pricing' to undercut the competition. She said, "Congress enacted antitrust laws to rein in the power of industrial trusts, the large business organizations that had emerged in the late nineteenth century." The employment of Khan is seen as a long-impending attempt to empower the FTC.