Deep Dive (May 26): James Bond Studio MGM Taken Over by Amazon

Tiffany Meier
By Tiffany Meier
May 26, 2021Deep Diveshare

Amazon is buying MGM Studios, home of James Bond. The nearly $8.5 billion deal, announced Wednesday, gives the e-commerce titan a massive film and TV library. MGM is one of the most iconic movie studios in history. It’s library catalog includes classics like “The Wizard of Oz,” “Rocky,” and “Legally Blonde.”

This comes as Amazon is facing another antitrust lawsuit. Washington, D.C., accuses the company of illegally controlling online retail prices, saying its business practices harm competition. Amazon has been facing a slew of antitrust bills. Sen. Josh Hawley introduced two antitrust bills taking aim at Big Tech platforms earlier this year.

An alliance of over two dozen businesses is teaming up against government tax hikes. They’re forming a new alliance called America’s Job Creators for a Strong Recovery. The group says raising taxes on businesses and corporations will hurt the U.S. economy. This comes as home prices are going up.

Tune into Deep Dive as we explore these topics and more.

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