Saagar Enjeti reacts to the news that Amazon CEO, Jeff Bezos, is purchasing MGM for $8.45 billion in the latest video from The Hill. Why does this matter?
Enjeti explains that Amazon already controls America. They have expanded to become the second largest employer in the United States in retail behind Wal-Mart. Amazon also bought Whole Foods for $14 billion. Now the online behemoth has moved to conquer Hollywood.
It’s not just Amazon Prime Video their own streaming services. We’re talking full-blown Hollywood movies with MGM.
If Amazon wasn’t a monopoly already, it definitely is now. This group should not be allowed to buy anything else. In fact, some political leaders are already calling for its investigation and the breakup of it dominating financial practices.
What are they going to do next? Will Amazon buy Disney? The video asks, “What does this company and this one man now not control in American life? Owning one studio is effectively like owning all of them because they all do so much business together.”
It’s kind of like the influence the Washington Post has on other newspapers. Oh, wait, Amazon owns that too!
Check it out and be informed about Amazon’s latest concerning purchase in this startling new take on the online retailer.