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Amazon's purchase of MGM, is a huge statement: touting Video Streaming and Over-The-Top services, as the way forward, while signaling the inevitable decline of cable, terrestrial broadcast, and theatrical distribution.

Steve Rattner: With MGM purchase, Amazon makes a clear statement Amazon said Wednesday that it has struck a deal to acquire the historic movie studio MGM for $8.5 billion. Morning Joe economy analyst Steve Rattner discusses the merger and the streaming landscape.