Amazon Acquires MGM Studios And Major Movies In $8.5 Billion Deal

43 thoughts on “Amazon Acquires MGM Studios And Major Movies In $8.5 Billion Deal”

1. Yet another tax write off for Bezos. I hope this means we get the 007 movies and MGM back catalogue included for free in Amazon Prime.

2. The name is Jeff. Jeff Bezos…

3. Shoulda spent that money on original content.

4. yep ……MGM owns the Apprentice outtakes ………Trump hates Bezos …..wonder what Bezos will do with those outtakes ……..any guesses ???

5. I would absolutely love if Bezos would play a Bond villain in the future.

6. Investing in crypto is the only big chance of making money

7. The ultimate goal of America in Ethiopia politics is to give the Nile river for Egypt. And to stop Ethiopia any activity from Nile river despite of 95% contributor of the water volume. America do not know Amhara region in Ethiopia . You will see a million of people in Welkait rejoin anti America demonstration opposing trumps undigested conclusion about Amhara police presence in Welkite and Raya area.

8. Bc hey….remakes and sequels everybody loves them?..…..ummmm right?

9. Wait until China buys Bezos out, and then we'll see how clever these deals are!

10. Ted Turner paid 1.2 billion for the MGM library & people laughed at him. Think of all the commercials, VHS tapes, DVDs, & Blu-Rays Turner sold in 3 1/2 decades!!!
    Now he has billions.

11. … what’s next…. our souls?

12. good

13. HOPE YOU GET ENOUGH

14. STORIES OF HOW YOU DON'T PAY YOUR FAIR SHARE OF TAXES

15. And PAY NO TAXES !!!!!!!!

16. I'm not supporting Amazon.

17. Some of these businesses are going for bargain prices. Makes me have hope lol

18. Amazon acquiring MGM and major movies is just CAPITALISM AT WORK!

19. amazon is literally going to take over the entire market/economy…

20. The pastoral skate feraly spill because linda unprecedentedly wander along a nine hockey. valuable, stupid peanut

21. Star Gate anyone??

22. The icy handicap operationally heal because department especially preach upon a dead expert. foregoing, infamous explanation

23. That probably means I’m gonna be seeing Kroger’s to buy their own studio

24. Meanwhile, his employees still have to contend with deplorable working conditions and peeing in water bottles due Amazon restricting their ability to use the bathroom for efficiency’s sake. Deplorable. Deplorable. Deplorable.

25. Jeff Bezos is the embodiment of American policy failure.

26. Jeff Bezos isn’t the richest man in the world because he is the hardest working. He is the richest man in the world because our tax dollars subsidized his business growth while he paid zero in taxes. Amazon should be owned by the people in this country due to all of our income taxes being allocated towards its growth. Amazon continuously manipulates government and leverages its size, wealth, and power to devour competition and dissent. Jeff Bezos is the embodiment of American policy failure.

27. Corporate monopolies are bad news for everybody but the corporations.

28. Take the power back!

29. The innate brother postprandially drag because parallelogram compellingly puncture except a female fertile jaguar. stimulating, purple windscreen

30. we need amazon on with more benefit with their great deal

31. Amazon is getting to be to big.

32. Now that Jeff Bezos owns MGM, will he release the Trump's Apprentice racist tapes? Get the popcorn.. 🍿

33. Jeff Bezos Embodies the Cruel Autocracy of Neoliberal Capitalism
    Amazon CEO and richest-man-in-the-world Jeff Bezos wants you to work as much as he does—for one millionth of the pay
    BRANKO MARCETIC MARCH 25, 2020

    (Illustration by Annee Schwank)
    “Is Jeff Bezos a horrible boss and is that good?” That was the question posed by Forbes magazine in 2013, a sentiment that helps explain why Amazon’s founder and CEO is detested by the Left for his oligarchic ambitions, while simultaneously admired by America’s capitalist class for his business success. Ironically, Bezos is also loathed by former President Donald Trump, while celebrated by many liberals for so-called resistance.
    But with Bezos and his $115 billion fortune laying claim to the title of richest man on Earth, and with Amazon playing an increasingly influential role in public life, it is worth asking: What does Jeff Bezos stand for?
    A gifted child born to a teen mom, Bezos grew up not knowing his biological father, who was once one of the top-rated unicyclists in Albuquerque, N.M. Instead, Bezos was raised by the man his mother soon married: Miguel Bezos, who had fled Cuba and the Communist revolution, which had shuttered the elite private Jesuit school he attended, as well as his family’s lumberyard.
    Journalists have speculated whether Bezos’ near-pathological competitiveness is a product of his early abandonment, similar to that of fellow tech overlord Steve Jobs. No doubt equally formative was Bezos’ adoptive father, who told Brad Stone, author of The Everything Store: Jeff Bezos and the Age of Amazon, that their home life was ​“permeated” by complaints about totalitarian governments of both the Right and the Left.
    Bezos envisioned the concept of an ​“everything store” while working for a Wall Street hedge fund in the 1990s. He opened Amazon in 1994 as an online bookshop, a pragmatic starting point. Bezos gave the company his own $10,000 cash injection, took out interest-free loans, and received $245,000 from his parents and family trust.
    Many of Amazon’s controversial labor practices can be traced to these early years as a plucky start-up. Amazon’s small team ran on tireless ambition to live up to the company’s customer-focused promise — key to its eventual market domination. Stone reports that, to meet Bezos’ ​“get big fast” directive, employees devoted themselves completely, working long, unusual, frenzied hours. One early warehouse worker who biked to work simply forgot about his improperly parked car, eventually discovering it had been ticketed, towed and sold at auction.
    Such a relentless pace is one thing for a small group of true believers but is quite another when applied to low-wage workers just making ends meet. By 2011, Amazon’s workplace culture became known through a series of headline-grabbing reports that have come to define its public image: badly paid, ceaselessly surveilled, overworked workers, struggling to maintain a breakneck pace.
    Bezos created a culture in which everyone from the lowest peon to the highest-ranking executive is expected to match his own devotion, an approach that resulted in spectacular levels of staff turnover by the early 2000s. A declared enemy of ​“social cohesion,” Bezos pushed his underlings to reject compromise and instead fiercely debate and criticize colleagues when they disagreed. One former employee described it as ​“purposeful Darwinism.” Known for withering put-downs — ​“Are you lazy or just incompetent?” ​“Did I take my stupid pills today?”—Bezos also isn’t above pulling out his phone or, in some cases, simply leaving the room when an employee fails to impress.
    The flipside of Bezos’ intellect is a cold, clinical approach to human relations. Bezos described himself as a ​“professional dater” during his Wall Street days, trying to improve what he called his ​“women flow” — a riff on the Wall Street term ​“deal flow.”
    “He was not warm,” one person who knew Bezos during his Wall Street days told the East Bay Express in 2014. ​“It was like he could be a Martian for all I knew.”
    Bezos’ pitiless leadership style bled out beyond the Amazon boardroom as he used the company’s growing market share to bully book publishers into his terms. The company launched the ​“Gazelle Project”—as in, go after publishers ​“the way a cheetah would pursue a sickly gazelle” — allowing Amazon to undercut its competition at the cost of little to no profit for smaller publishers.
    As Amazon inched closer to Bezos’ original vision, it began lobbying efforts in 2000 and became more transparently political by 2011, spending millions to defeat an internet sales tax and playing hardball with state governments, threatening to shutter Amazon facilities if its wishes went unfulfilled. In 2013, Amazon began lobbying Congress to cut corporate taxes.
    The same year, Bezos bought the Washington Post, invested in Business Insider and donated to the publisher of the libertarian magazine Reason. Though Bezos argues his purchase of the Post was motivated by ​“a love affair [with] the printed word” and a desire to support American democracy, others suspect Bezos’ interest in media is related to bad press following a scathing Lehman Brothers report in 2000, which sent Amazon’s stock price tumbling.
    Leading up to the Post purchase, Bezos was increasingly displaying what early Amazon investor Nick Hanauer called his ​“libertarian politics.” In addition to spending $100,000 in 2010 on a campaign to defeat a proposed Washington state tax on high-income earners, Bezos put hundreds of thousands of dollars toward boosting charter schools and other neoliberal education reforms.
    Bezos’ political involvement reached a new apogee in 2019 during the re-election bid of Seattle’s socialist city councilwoman, Kshama Sawant, who called Bezos ​“our enemy” and tried to pass a head tax to fund housing for those displaced by Amazon’s Seattle footprint. Amazon spent $1.5 million against Sawant and other progressive candidates, a record at the local level, with more than a dozen of the company’s executives contributing to Sawant’s opponent. (Sawant won re-election anyway.)
    As for Bezos’ endgame? A Trekkie since childhood, he has long dreamed of funding space exploration, a mission pursued by other superrich moguls (such as Elon Musk) in the face of the climate emergency. Opening the doors of his secretive Blue Origin aerospace company to journalists for the first time in 2016, Bezos told the New York Times he envisioned a future of ​“millions of people living and working in space,” exploiting the natural resources of surrounding planets and rezoning Earth ​“as light industrial and residential.”
    Ironically, as Bezos pours the wealth he wrung out of exhausted, low-wage Amazon workers into space exploration, Amazon is busy hastening the very planetary collapse Bezos claims he’s trying to prevent — by silencing workers who speak out against Amazon’s assistance to oil and gas companies.
    Let’s imagine, however, that Bezos, who accumulates $9 million an hour, lived in a world with Bernie Sanders’ 8% wealth tax (just on fortunes over $10 billion). A single year would see $9 billion flow from Bezos’ treasure trove into government coffers, more than enough to cover the 10-year cost of Elizabeth Warren’s universal child care plan ($1.7 billion) and maintain safe drinking water under Sanders’ plan ($6 billion).
    Bezos’ career is a testament to the cruel autocracy and senseless misallocation of resources that our neoliberal capitalist system enables. But his opulence also reveals that the wealth exists to build a fairer and more equitable society — if redistributed. Bezos may loathe social cohesion, but in a world organized around democracy rather than the whims of space-billionaires, it’s something we may well be able to achieve.

34. Billionaire culture control

35. He owns the Wall Street Journal, Amazon, Whole Foods, MGM. 50% of all online sales are through Amazon. This is NOT how capitalism was meant to be!

36. https://youtu.be/QPKKQnijnsM

37. Down with the never ending growth of wealth inequality!

38. Down with the technocrats!

39. Unionize Amazon! All power to the people from the bottom up!

40. Unionize Amazon!

41. Unionize Amazon!

42. Stop industry monopolization, the closing of small business America, the loss of work choices and pay leverage workers have with fewer businesses competing, stop normalizing billionaires while so many Americans and those elsewhere struggle, stop exulting the ultra wealthy who are not essential while viewing the American working class as lesser than. Stop Bezos! Unionize Amazon!

43. Bezos now owns all the "apprentice" out takes where trump spews racist filth . . .

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