Post Ad2J3QHZ6K80dat0kq by ajsadauskas@aus.social
 (DIR) More posts by ajsadauskas@aus.social
 (DIR) Post #Ad2J3QHZ6K80dat0kq by ajsadauskas@aus.social
       2023-12-21T13:19:01Z
       
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       So WarnerDiscovery now wants to merge with Paramount Global.Because apparently what the world needs now is even more media consolidation.This is more than just a merger between two big Hollywood studios. It's a merger between two conglomerates that themselves were created through the merger of big media conglomerates.Paramount Global came about through the merger of CBS and Viacom.Along with Paramount Pictures, it also owns CBS in the US, Channel Ten in Australia, and Channel Five in the UK.Oh, and also MTV, BET, Nickelodeon, VH1, Showtime, Comedy Central, Miramax Films, United International Pictures, Pop TV, and CMT, among many other assets.WarnerDiscovery was formed from the merger of Discovery Inc with WarnerMedia, which itself was formed by merging Time Inc with Warner Communications, and then Turner Broadcasting.Along with Warner Brothers, it owns CNN, DC Comics, The Oprah Winfrey Network, HBO, Cartoon Network, TBS, TNT, Discovery Channel, Animal Planet, New Line Cinema, Castle Rock Entertainment, and a lot more.And all that will be owned by one mega-corp if this deal goes through.Now whose interest would such a deal serve? Consumers? Creatives? Employees?Or just Wall Street...https://amp.smh.com.au/business/companies/warner-bros-and-paramount-plot-56-billion-hollywood-megamerger-20231221-p5et17.html#media #business #finance #WarnerMedia #WarnerDiscovery #capitalism #politics
       
 (DIR) Post #Ad2J3R5u5AOV9iRDDU by tux0r@layer8.space
       2023-12-21T13:57:37Z
       
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       @ajsadauskas Time to buy stocks!
       
 (DIR) Post #Ad6CCnfWONcy4hojB2 by ajsadauskas@aus.social
       2023-12-23T10:59:40Z
       
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       @tux0r Interesting article on The Verge saying much the same as I was earlier: "But the thing that terrifies me even more than the inevitable price hikes foisted on us by Warner Bros. Discovery CEO David Zaslav and fellow media execs, is the simple consolidation of entertainment companies — and thus the decrease in the number of people deciding what gets greenlit and made."https://www.theverge.com/2023/12/22/24011064/warner-bros-discovery-paramount-merger-very-bad