Dotcom companies flush with cash, high stock prices, or both buying up old-world industries was a hallmark of the late 90s boom, culminating in the same parent

Dotcom companies flush with cash, high stock prices, or both buying up old-world industries was a hallmark of the late 90s boom, culminating in the same parent (AOL), buying Time Warner. There were many aspirational plays predicated on some kind of synergy between new internet firms and recognizable, established brands. For what it is worth, history tends to repeat itself and ISPs buying media companies is in vogue again, this time with more clearly defined strategies centered around owning and streaming content libraries.