June 13, 2018
By Peter Bower
The Federal Government tried to stop the merger between AT&T and Time Warner citing restraint of trade and a potential for higher consumer costs. This argument was soundly rejected. Content and distribution companies are quickly realigning to deal with technological change, consumer preferences, and new entrants. Technology companies are quickly entering the arena with new offerings and approaches. The old era is dead; welcome a new world.
Capitalism, at its best, continually offers new business models and opportunities; game on for the entertainment and distribution companies. This has been a fast-changing industry, it will now accelerate to an even faster pace. Look for more mergers, acquisitions and new players. Consumers with their preferences will determine the new winners, not the Federal Government. Hurray for a free and competitive market.
The Lonely Bull
