22 May While Hollywood Fiddles With Gigantism, Apple And Netflix Burn it Up [Forbes]
By David Bloom
May 18, 2018 | Simply put, Hollywood’s biggest guns are fiddling an ode to oversized media mergers worthy of Nero. Meanwhile, the Visigoths of tech – including Netflix, Amazon, Google and Apple – continue to accrete customers, market share and facility with popular new entertainment-delivery platforms where traditional Hollywood holds no home-court advantage.
The gigantism push – manifested most clearly by AT&T’s takeover of Time Warner (stalled by a Justice Department suit) and Disney’s pending purchase of most of Fox – is driven by a desire to compete with the tech giants by being nearly as big as they are. Only by supersizing, the argument has gone, can traditional Hollywood hope to keep up with the World’s Most Valuable Company (Apple) and its silicon-slickened compatriots from the north.
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