If something is better for society we should do it. Breaking up these companies into smaller ones is good for society.
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Sanders Says He Would Break Up 'Conglomerates' Like Disney/21st Century Fox
- Thread starter Poetic Injustice
- Start date
If something is better for society we should do it. Breaking up these companies into smaller ones is good for society.
AT&T/Time Warner, yes.
CBS/Viacom would be difficult - they have common ownership so it's legally hard to challenge.
Comcast wasn't done during the Trump administration.
It would be spun off into its own entity.
Honestly, it would end up merging with ViacomCBS or Sony Pictures.
It's beyond market control. Some of these companies are so large their power to influence society and politicians is too great.
Break them up.
His poll numbers have gone into free fall and his chances of winning are dead so don't Marvel fans.
Well until Elizabeth Warren says the same thing.
Well until Elizabeth Warren says the same thing.
sure but thats what I am saying if there is a monopoly they should absolutely be broken up.
I am defending what is right. Legally speaking. Not morally.
No wrongdoing by Disney? Walt Disney himself was an anti-Semite and against workers' rights, and Disney themselves have constantly used their effective monopoly to force move theatres into accepting increasingly one-sided terms. They even got Congress to change IP laws to ensure that they'd keep Mickey Mouse from going into the public domain.
How about going after Tencent as well if you're going to stir shit up. Might as well go after the real big dogs.
Edit: Disregard, i'm dumb/didnt actually read shit. Sorry for this post.
Edit: Disregard, i'm dumb/didnt actually read shit. Sorry for this post.
What would even happen to Fox in that case? They get bought by another mega corporation or dissolved and have their IPs auctioned off? The reason the deal even happened is because Murdoch wanted out of movie/TV production and the only companies willing to pay what they wanted were Disney and Comcast.
I have no issue with more strict guidelines on mergers, but you'd really have to go back to worse vertical mergers, especially with telecommunication companies, that didn't even raise an eyebrow rather than making Disney/Fox the poster child of media monopolies. Hell, the music industry used to be the "big 6" like 20 years ago, and now it has been consolidated to only 3 corporations that own over 70% of the industry for the last 7 years.
I have no issue with more strict guidelines on mergers, but you'd really have to go back to worse vertical mergers, especially with telecommunication companies, that didn't even raise an eyebrow rather than making Disney/Fox the poster child of media monopolies. Hell, the music industry used to be the "big 6" like 20 years ago, and now it has been consolidated to only 3 corporations that own over 70% of the industry for the last 7 years.
Why? Is it ok for Disney to control 40% of all entertainment media?
the ball rolling on what
socialism?
we elected trump
bernie didnt teach us shit
That might be kinda hard considering Tencent isn't an American company.
Bernie just really wants his kinos.
He's going to break the X-teams up into smaller groups. Blue Team, Red Team, X-Factor, eX-Mutants, the whole shebang.
Why are you guys hung up on fox only being spin off??? If anything, Pixar, Lucas films and the Disney movie studio side will all be spin off along with the Disney TV studio. That's the best way to break them off
You guys should look up where Disney makes their money from. I am too tired to post numbers from their last earnings report.
but ESPN is shit, they bleed money. They don't make much money from movies as people think. They mostly make money from merchandise, theme park (even new SW theme parks not doing well) and Disney+ is their next bet.
Disney may look gigantic but it really isn't. They should focus on Tech companies instead
company controlling 40% of all media as you say only worth 100b more than streaming service like Netflix. And that tok because of Disney+, last year i remember there was a time when Netflix was worth more lol
I'd rather the immediate focus be on the conglomerates that control the way human beings communicate with one another than on Disney's stranglehold on entertainment media. Hell, they only control a single news source compared to some of the other conglomerates out there. Which is bad, but there are much bigger fish to fry first.
Not to say they should be left alone, but if there's a list, they shouldn't be on the top of it just because they currently have a plurality of control over your childhood memories.
Not to say they should be left alone, but if there's a list, they shouldn't be on the top of it just because they currently have a plurality of control over your childhood memories.
Perhaps the objections aren't just about revenue and profits?
I dunno...maybe.
Saying they're not legally monopolies isn't a semantics argument.
There would just be another round robin of M&A in the media world if this were to happen.
Time Warner is spun off again from AT&T, NBCUNIVERSAL is spunoff from Comcast and the 21st Century Fox assets are spunoff from Disney. I'd assume they would merge with the remaining media companies (Discovery, MGM, Lionsgate, AMC) and if they are unable to merge with the large technology giants or telecom companies, they look at other media to scale. Gaming (Activision, EA, Take Two) or Music (Warner Music and Universal Music) are two logical areas. Also international expansion.
Saying something that's objectively false and saying anyone who disagrees is being pedantic is some galaxy brain shit. I'm proud of you.
This is a thing that would not happen.
Here is the thing, DisneyFox not only had to go through antitrust analysis before merging in the USA but had to do so in every nation they did business and nobody ruled them a full monopoly. The most was having to get rid of numerous sports assets.
Here is the thing, DisneyFox not only had to go through antitrust analysis before merging in the USA but had to do so in every nation they did business and nobody ruled them a full monopoly. The most was having to get rid of numerous sports assets.
It ain't new. I remember that Spider-Man 'debacle' had many MCU fans fuming.
Serious question for those in the know--
If big American companies were broken up, where would this put them on the international scale for power and influence?
Would American companies just be giving up ground to foreign conglomerates?
If big American companies were broken up, where would this put them on the international scale for power and influence?
Would American companies just be giving up ground to foreign conglomerates?
The movie rights to all Marvel IP originally belonged to Marvel Comics.
Marvel Comics sold the movie rights to X-Men/Fantastic Four to Fox, and Spiderman to Sony.
Then Marvel Comics created Marvel Studios, and started making their own movies. But they can't touch X-Men/FF/Spidey, because those characters got sold.
Disney bought Marvel Comics. By extension, they own Marvel Studios.
Kevin Feige (of Marvel Studios) likes Marvel. He wants all of the Marvel IP to be united under Marvel Studios, to the point where he arranged to "borrow" Spidey back from Sony.
Disney bought Fox.
Disney said some things about wanting to keep things separate and let Fox continue to make X-Men movies under Disney's new "Fox" umbrella. But then Dark Phoenix bombed, and Disney said "Yeah, we're gonna let Kevin Feige take over the X-Men and Fantastic Four. Sorry Fox, but there's gonna be some changes."
You can bet your ass that as soon as he was given permission from Daddy Disney, Kevin Feige went over to Fox HQ with some lawyers, dug up the contracts saying that Fox had purchased the X-Men and Fantastic Four, and burned them. The movie rights to X-Men and Fantastic Four should have reverted back to Marvel Comics, which means that they're Kevin Feige's toys to play with.
Same with Star Wars. Fox owned a partial stake in the original Star Wars (aka Episode 4, A New Hope), which is something that Lucasfilm found annoying and bothersome, so you can bet that as soon as Disney bought Fox, Kathleen Kennedy would have been trying to find a way to get into that building to burn that contract. Or writing a new one relinquishing Episode 4 to Lucasfilm, and forcing Fox to sign it. Fox can't not sign it, Disney's orders (assuming Kathleen Kennedy got Disney to back her up on this).
If Fox and Disney are eventually forced into a divorce, then any property damage that Kevin Feige or Kathleen Kennedy did at Fox while Fox was a part of Disney will go without a response. You can't un-burn a contract.
He's also against breaking up any big institution, regardless of if it's an entertainment company like Disney or big banks. Hell, his plan has companies putting 2 percent of their stocks into a fund annually until workers control 20 percent of the company and then pay out dividends to their workers via a board that the employees elected, as well as giving the workers a voice equivalent to any other shareholder.
You can read more about the whole thing on his website where it's already broken down to be fairly easy to read. https://berniesanders.com/issues/corporate-accountability-and-democracy/
The article in the OP is just focusing on the Disney/Marvel/Fox thing since they're an entertainment website when stuff like Sprint and T-Mobile is actually brought up in Bernie's plan.
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Depends on the industry.
Media? No. There are laws preventing the ownership of broadcasters by foreign entities, so the U.S. will still be the dominant force.
Technology? Yes.
Banking? Yes.