Todd Spangler NY Digital EditorA group of four major labor unions representing almost 4 million workers is urging the Federal Trade Commission to block Amazon’s proposed acquisition of MGM.In a 12-page letter sent Wednesday to the FTC, the unions’ Strategic Organizing Center (SOC) argued Amazon’s $8.45 billion takeover of MGM should be blocked to prevent Amazon from amassing more power in the entertainment industry and exploiting that through anticompetitive business practices.“Amazon’s proposed acquisition of MGM would further bolster Amazon’s ability to leverage power across multiple lines of business related to the SVOD market and create further harmful vertical integration in the film industry at large,” SOC executive director Michael.
Read more on variety.com