NFLX - Amazon's MGM deal about more than just playing with Netflix consultant says

Amazon.com's (AMZN) planned $8.45B acquisition of the MGM studio (MGMB) has largely played as just the latest skirmish in the streaming wars, with Amazon Prime Video seen as a contender to land among a favored few top DTC companies after some expected shakeouts. But the move is a lot bigger game than just TV, media consultant Alan Wolk says, suggesting there's a larger platform play at work. Is Amazon now a real competitor to Netflix (NFLX)? "Yes, but it’s not like anyone was ever going to dump their Prime membership and give up that free two-day delivery just because they didn’t like the free video programming Amazon had on offer," he writes. It's fair to say that the $119/year most pay for Amazon Prime comes from a different budget than the $156 they pay for Netflix, he notes, and so most don't see money spent on Amazon as part of

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Amazon's MGM deal about more than just playing with Netflix, consultant says