Amazon has no interest in competing directly with Disney.
The tech giant is not interested in penetrating the theatrical business. Amazon-MGM deal is unlikely to bump into regulatory problems. The Wall Street Journal reported that Amazon Inc. (NASDAQ: AMZN) inched closer to acquiring MGM Studios for about $9 billion (£6.37 billion) on Tuesday. In comparison, Disney brought Marvel and Lucasfilm under its umbrella for an inflation-adjusted $9 billion-plus. Peter Kafka’s remarks on CNBC’s “Tech Check” According to Recode senior editor, Peter Kafka, however, Amazon is justified in paying so much more for a similar acquisition. On CNBC’s “Te...