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I briefly verified this before posting, and it appears to still be true [0]. The diversity is an illusion; like how 10 food companies own basically all the wor

I briefly verified this before posting, and it appears to still be true [0]. The diversity is an illusion; like how 10 food companies own basically all the world's brands [1]. 0 - https://www.fool.com/investing/stock-market/market-sectors/communication/media-stocks/big-6/ https://www.fool.com/investing/stock-market/market-sectors/c... 1 - https://www.good.is/this-infographic-shows-how-only-10-companies-own-all-the-worlds-food-brands https://www.good.is/this-infographic-shows-how-only-10-compa...

meiraleal 2y ago
Youtube, netflix, tiktok, instagram isn't entertainment then? You are talking about last century media that holds just a small fraction of people's attention currently.
- mandmandam 2y ago
  So add four more companies to the list. Six, ten - either way the point stands: same investors, same incentives, same evils. Plus, those entertainments are mostly used by younger generations. Boomers are the ones with the wealth and in positions of power, and they still generally believe every shadow play the legacy media put on.
  - meiraleal 2y ago
    I can go on and add 10 more, Steam, twitch, twitter, ...
    - mandmandam 2y ago
      Yes, but can you get the point? Like, adding Twitter as an example of non-evil entertainment is just ... And Twitch is just Amazon, already on the list.
      - meiraleal 2y ago
        They are all capitalist companies, not "evil". Are capitalist companies evil? Yes, most of them. Complaining about them 'monopolizing' the market without questioning free market (which is actually oligarchy market) doesn't make much sense. So the entertainment cartel and the copyright cartel are different ones but both part of the oligarchy market and they will protect each other to protect themselves. This market isn't small or owned by 6 companies, they are hundreds, even thousands, including all YC-funded projects.
        mandmandam 2y ago
        > They are all capitalist companies, not "evil". The companies named are conclusively evil. I briefly described the crimes - promoting illegal wars, covering up atrocities, spreading FUD for fossil fuel co's, etc. > Are capitalist companies evil? Yes, most of them. So you do get it? > the entertainment cartel and the copyright cartel are different ones but both part of the oligarchy market and they will protect each other to protect themselves. I might not be understanding you here. How exactly are they different? Do Sony and Paramount etc not own their copyright, aggressively protect it, and make unsubstantiated claims about piracy hurting their business? > This market isn't small No one said it was. > or owned by 6 companies Again, no one said it was. The claim was that over 90% of news and entertainment media in the US (clearly not including games and social media, if you read the original link) is ultimately owned by 6 companies. Can you prove otherwise with actual numbers or sources?
        meiraleal 2y ago
        > The claim was that over 90% of news and entertainment media in the US (clearly not including games and social media, if you read the original link) is ultimately owned by 6 companies. Can you prove otherwise with actual numbers or sources? Streaming: Netflix, Amazon Prime, Apple TV+, Disney+, Paramount+, Peacock, HBO Max Tech companies: Google/YouTube, Meta, Microsoft, Apple, Amazon, Reddit, Tencent, Dancebyte Independent digital media: Substack, Medium, countless news sites Traditional media: Local TV stations, newspapers, radio stations Digital native news: Vox, BuzzFeed, Vice Games: Sony, Nintendo We agree in most things, you are just completely wrong with this claim that 90% of news and entertainment media in the US is owned by 6 companies. And no, the fact that many of them share some of the same investors doesn't make you right.

meiraleal 2y ago

Youtube, netflix, tiktok, instagram isn't entertainment then? You are talking about last century media that holds just a small fraction of people's attention currently.

mandmandam 2y ago
So add four more companies to the list. Six, ten - either way the point stands: same investors, same incentives, same evils. Plus, those entertainments are mostly used by younger generations. Boomers are the ones with the wealth and in positions of power, and they still generally believe every shadow play the legacy media put on.
- meiraleal 2y ago
  I can go on and add 10 more, Steam, twitch, twitter, ...
  - mandmandam 2y ago
    Yes, but can you get the point? Like, adding Twitter as an example of non-evil entertainment is just ... And Twitch is just Amazon, already on the list.
    - meiraleal 2y ago
      They are all capitalist companies, not "evil". Are capitalist companies evil? Yes, most of them. Complaining about them 'monopolizing' the market without questioning free market (which is actually oligarchy market) doesn't make much sense. So the entertainment cartel and the copyright cartel are different ones but both part of the oligarchy market and they will protect each other to protect themselves. This market isn't small or owned by 6 companies, they are hundreds, even thousands, including all YC-funded projects.
      - mandmandam 2y ago
        > They are all capitalist companies, not "evil". The companies named are conclusively evil. I briefly described the crimes - promoting illegal wars, covering up atrocities, spreading FUD for fossil fuel co's, etc. > Are capitalist companies evil? Yes, most of them. So you do get it? > the entertainment cartel and the copyright cartel are different ones but both part of the oligarchy market and they will protect each other to protect themselves. I might not be understanding you here. How exactly are they different? Do Sony and Paramount etc not own their copyright, aggressively protect it, and make unsubstantiated claims about piracy hurting their business? > This market isn't small No one said it was. > or owned by 6 companies Again, no one said it was. The claim was that over 90% of news and entertainment media in the US (clearly not including games and social media, if you read the original link) is ultimately owned by 6 companies. Can you prove otherwise with actual numbers or sources?
        meiraleal 2y ago
        > The claim was that over 90% of news and entertainment media in the US (clearly not including games and social media, if you read the original link) is ultimately owned by 6 companies. Can you prove otherwise with actual numbers or sources? Streaming: Netflix, Amazon Prime, Apple TV+, Disney+, Paramount+, Peacock, HBO Max Tech companies: Google/YouTube, Meta, Microsoft, Apple, Amazon, Reddit, Tencent, Dancebyte Independent digital media: Substack, Medium, countless news sites Traditional media: Local TV stations, newspapers, radio stations Digital native news: Vox, BuzzFeed, Vice Games: Sony, Nintendo We agree in most things, you are just completely wrong with this claim that 90% of news and entertainment media in the US is owned by 6 companies. And no, the fact that many of them share some of the same investors doesn't make you right.