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Amazon and Metro-Goldwyn-Mayer have overcome the first of two major hurdles standing in the way of the merger announced last May. Amazon is attempting to acquire the storied Hollywood studio for $8.45 billion. Deadline reports today that antitrust regulators in the European Union have granted unconditional approval for the deal to move forward. “Based on its market investigation, the Commission found that the transaction, as notified, would not significantly reduce competition in the markets” for the sorts of business activities that MGM and Amazon conduct, the European Commission said in a press release. That includes the production and supply of film and television content, and the licensing and distribution of films for theatrical release. The Commission also acknowledged that “MGM’s content cannot be considered as must-have,” and that “a wide variety of alternative content exists.” Amazon also continues to face strong competition from other players in the streaming video-on-demand market, something that its ownership of MGM’s library and IP would not change. Critics of the deal have argued that Amazon’s ownership of one of the industry’s oldest and most revered studios would put it at an unfair advantage over competitors like Netflix, Hulu, HBO Max, and Disney+. Become a MEMBER and see the full show: https://www.youtube.com/thepopcast/join Check out our Merch Store! https://mixedtees.com/thepopcast 20% off with code: THEPOPCAST discord.io/popcast youtube.com/thepopcast facebook.com/popcastguys twitter.com/popcastguys https://www.twitch.tv/popcast #Stargate #Amazon ... https://www.youtube.com/watch?v=-x_FrEk6vNs