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this post was submitted on 21 Jul 2023
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Strange way of spelling buyer’s remorse.
Wait, there's a company that owns the company that owns Ars?
Consolidation is a curse.
Yep. My favourite is Hulu who is owned by NBC who in turn is owned by NBCUniversal who in turn is owned by Comcast Corporation. It’s enough to make your head spin.
Good point!
For the sake of accuracy, Hulu is owned by Disney which also owns ABC, as well as ESPN, Marvel, and Fox Entertainment (but not Fox "News").
Meanwhile, a couple years ago, CBS and Viacom merged to become "Paramount Global" which owns both CBS and the Paramount (streaming) Network (obviously) as well as a slew of cable channels including Showtime, MTV, Nickelodeon, BET, Comedy Central….
And as noted, Comcast owns Universal which owns NBC. Their streaming service is "Peacock," which has yet to demonstrate that it can compete against Disney's Hulu (or CBS's Paramount).
This may soon change, however, as licensing agreements expire and corporations begin to run their own content exclusively on their own networks. Disney-owned content will stream on Hulu, Universal-owned content will stream on Peacock, and Paramount-owned content will stream on Paramount. Same goes for all their respective cable TV channel subsidiaries.
This consolidation in media ownership gives more power to the corporations to compete against one another in the emerging streaming-service market, but it also takes power away from the people who create the content. This is a big reason why the screenwriters and SAG are on strike.
I've been trying to do my part by watching reruns of The Nanny in demonstration of my support.
Fox brand in entertainment is so tainted that Disney replace and rebrand almost all of acquired Fox-branded TFCF assets with other brands (such as 20th Century Studio, Disney Studio, and Star).
The merger agreement with TFCF stated that Disney is entitled to a perpetual licence of "20th Century Fox" (only for movies) from the current Fox Corporation but Disney decided to replace the brand anyway. As for Fox-branded channel outside North America (and Australia, because Fox Australia is owned by News Corp Australia and never in any way affected by Disney merger), Disney obtained a temporary licence and must end all usage of Fox brand by 2024.
Star, originally Satellite Television for Asian Region, now became worldwide brand and replaced most of Fox-branded channel outside North America.
I remember there was a situation a while back where two game studios were in court with each other. That ended abruptly when Tencent, who owned shares in both companies, found out.
Tried to find my source for this but couldn't ☹️