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This is not really accurate. The vast majority of movie/media conglomerates are massive and certainly "hellbent on domination" to borrow your phrasing. Some exa
by TangoTrotFox 8y ago
This is not really accurate. The vast majority of movie/media conglomerates are massive and certainly "hellbent on domination" to borrow your phrasing. Some examples:
- Time Warner owns Warner Bros Pictures, DC Films, New Line Cinema, CNN, etc, etc.
- Comcast owns Universal Pictures, DreamWorks, Working Title Films, NBC, etc, etc.
Disney is actually behind Comcast in revenue. And of course Disney also got in on the whole 'buy a news company' agenda - they own ABC. This practice of these mega corporations merging and acquiring ever larger shares of the entire media (and news) industry is a large part of the reason that they are in the state that they are.
- List of Time Warner Assets: https://en.wikipedia.org/wiki/List_of_assets_owned_by_WarnerMedia https://en.wikipedia.org/wiki/List_of_assets_owned_by_Warner...
- List of Comcast Assets: https://en.wikipedia.org/wiki/List_of_assets_owned_by_Comcast https://en.wikipedia.org/wiki/List_of_assets_owned_by_Comcas...
- List of Disney Assets: https://en.wikipedia.org/wiki/List_of_assets_owned_by_Disney https://en.wikipedia.org/wiki/List_of_assets_owned_by_Disney
Those lists should not be viewed as all encompassing.
- amelius 8y agoAnd why do they need domination so much? Is it another battle for the attention of the consumer?
- test1235 8y agoI'd be interested in an answer from someone who knows better, but I suspect it's a shareholder thing - all corporate companies everywhere all seem to have to be seen to be growing. Why, exactly I'm not sure ... because they're worried they'll themselves be taken over, if not?
- lotsofpulp 8y agoIf you’re not first, you’re last. Unless you have a natural moat like patents or very specific specialized skills, someone bigger is going to come along and undercut and kill you.
- allenu 8y agoIt's just the natural order of public companies. You grow and grow to please shareholders and bring in more profits.
- dragonwriter 8y ago> practice of these mega corporations merging and acquiring ever larger shares of the entire media (and news) industry Media and news is just media; news has always been part of the media industry.
- TangoTrotFox 8y agoSure, but at the same time I think you have to distinguish between entertainment and information. It doesn't really matter who's putting out the latest in Hollywood blockbusters, sitcoms, or whatever. It might mean a bit less diversity in what's offered, but it's junkfood any way you look at it. By contrast, the fact that the news is in large part quite literally just a branch of these huge corporate conglomerates is certainly something that I think does matter. In many cases the interests of these corporate conglomerates and the average person can come into conflict, yet the average person then goes and consumes their information from the conglomerate. That's not really a great system.
- wink 8y agoYou are right of course, but I think I meant something else with domination. The other studios (per the original article) have those 2-week timespans and kind of agreed on some "major player industry standard" - and Disney is on the rise now (my reading) and enforcing these 4-week timespans and are trying to dominate the entertainment market in an unprecedented way. I was not trying to say Time Warner etc are less focused on hypercapitalism, market share and so on. It feels less winner-takes-it-all.