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The "Big Three" television networks will become the "Big Two". The "Big 6" film becomes the "Big 5". You can mark this as another major event in the consolati

The "Big Three" television networks will become the "Big Two". The "Big 6" film becomes the "Big 5". You can mark this as another major event in the consolation and monopolization of news and entertainment under a rapidly growing singular corporate umbrella.

dave5104 8y ago
The Fox cable/broadcast networks aren't part of this deal. They aren't being sold.
- DerekL 8y ago
  To be more precise, Fox is keeping the FOX broadcast network and the affiliates it already owns, Fox News, Fox Business, and Fox Sports. The Disney sale includes FX, the National Geographic channel, and regional sports cable channels.
jonknee 8y ago
On the other hand, Netflix is making more content than the "Big Three" ever did.
KaoruAoiShiho 8y ago
It's ok. The big 3 legacy networks are consolidating because they're coming under increasing competition from FAANG. Honestly FAANG is scarier than the media companies ever were.
realaz8282 8y ago
And they’re all competing with YouTube, Netflix, Amazon, Vimeo, HBO and numerous other streaming services Demand is so easy to satisfy with an alternative, they’re really no longer the big guns As a childhood fan of DC and Marvel and Star Wars, I’m sucked in by nostalgia My kids are pushing 10 and 7 and can’t care less about that stuff The specific properties hot today may not be all over toy aisles in a generation with how easy it’s becoming to crank out derivatives
throwawayqdhd 8y ago
The Economist had a good piece on how this consolidation is impacting prices and fueling corporate profits.
paidleaf 8y ago
> The "Big Three" television networks will become the "Big Two". The "Big 6" film becomes the "Big 5". Just as worrisome is the merging of delivery/distribution ( ISPs ) with content. > You can mark this as another major event in the consolation and monopolization of news and entertainment under a rapidly growing singular corporate umbrella. Not just news and entertainment ( and ISPs ). The past decade has seen tremendous consolidation in banking, pharma, agriculture/seed, food and even the tech industry. It's funny how a decade after "too big to fail" banks and promises to break up banks to prevent systematic issues in the future, those banks are much bigger today. They pose an even greater systematic problem. We know with monopolistic industry, it only leads to corruption and then price fixing as there is no room to expand. When it's a handful of companies control an entire market, then the next logic step is price fixing because there is no more room to maneuver. Look at the lysine price fixing scandal of the 90s. It is strange how both political parties are so supportive of the monopolization of the nation. All the while saying they are for competition, diversity and workers. As more and more wealth and power is concentrated on fewer and fewer companies/institutions, politicians will be even more beholden to the interests of the wealthy.
- LoonyBalloony 8y ago
  Competition is for the workers not the .00001%.

dave5104 8y ago

The Fox cable/broadcast networks aren't part of this deal. They aren't being sold.

DerekL 8y ago
To be more precise, Fox is keeping the FOX broadcast network and the affiliates it already owns, Fox News, Fox Business, and Fox Sports. The Disney sale includes FX, the National Geographic channel, and regional sports cable channels.

jonknee 8y ago

On the other hand, Netflix is making more content than the "Big Three" ever did.

KaoruAoiShiho 8y ago

It's ok. The big 3 legacy networks are consolidating because they're coming under increasing competition from FAANG. Honestly FAANG is scarier than the media companies ever were.

realaz8282 8y ago

And they’re all competing with YouTube, Netflix, Amazon, Vimeo, HBO and numerous other streaming services Demand is so easy to satisfy with an alternative, they’re really no longer the big guns As a childhood fan of DC and Marvel and Star Wars, I’m sucked in by nostalgia My kids are pushing 10 and 7 and can’t care less about that stuff The specific properties hot today may not be all over toy aisles in a generation with how easy it’s becoming to crank out derivatives

throwawayqdhd 8y ago

The Economist had a good piece on how this consolidation is impacting prices and fueling corporate profits.

paidleaf 8y ago

> The "Big Three" television networks will become the "Big Two". The "Big 6" film becomes the "Big 5". Just as worrisome is the merging of delivery/distribution ( ISPs ) with content. > You can mark this as another major event in the consolation and monopolization of news and entertainment under a rapidly growing singular corporate umbrella. Not just news and entertainment ( and ISPs ). The past decade has seen tremendous consolidation in banking, pharma, agriculture/seed, food and even the tech industry. It's funny how a decade after "too big to fail" banks and promises to break up banks to prevent systematic issues in the future, those banks are much bigger today. They pose an even greater systematic problem. We know with monopolistic industry, it only leads to corruption and then price fixing as there is no room to expand. When it's a handful of companies control an entire market, then the next logic step is price fixing because there is no more room to maneuver. Look at the lysine price fixing scandal of the 90s. It is strange how both political parties are so supportive of the monopolization of the nation. All the while saying they are for competition, diversity and workers. As more and more wealth and power is concentrated on fewer and fewer companies/institutions, politicians will be even more beholden to the interests of the wealthy.

LoonyBalloony 8y ago
Competition is for the workers not the .00001%.