Disney isn't just the first studio to have five pictures cross a billion dollars at the box office in a single year and it isn't just the biggest film studio right now. It's the biggest film studio in the history of Hollywood. While investors are likely very pleased with this fact, the company's series of monster mergers has set off a chain effect with other studios doing their own monster mergers in an effort to keep up. Advertisement For fans of the properties owned by these enormous corporations, it can be exciting (the X-Men versus the Avengers! All of Star Trek under one roof!), but it should probably also leave you deeply concerned too. The entertainment business is contracting heavily as the biggest studios scramble to create streaming empires to rival Netflix and Amazon. While those two companies aren't the result of giant corporate mergers, they're huge rivals in the industry nonetheless, sparking the desire for rivals to form these megacorporations in the first place—and when entertainment gets consolidated a lot of really cool stories and a lot of absolutely vital voices get squashed in the process. AT&T bought Warner Brothers and now has at least four streaming services (AT&T,… Read full this story
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