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Whether Netflix or Paramount buys Warner Bros., entertainment oligopolies are back – bigger and more anticompetitive than ever

  • Written by Matthew Jordan, Professor of Media Studies, Penn State
Whether Netflix or Paramount buys Warner Bros., entertainment oligopolies are back – bigger and more anticompetitive than everWarner Bros. was one of five studios that joined forces with Wall Street investors to gobble up independent theaters and movie producers in the 1920s.Nextrecord Archives/Getty Images

News of Netflix’s bid to buy Warner Bros. last week sent shock waves through the media ecosystem.

The pending US$83 billion deal is being described as an...

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