Get the latest gossip
Wrangling the Regulators: Hollywood’s Urge to Merge Is Dampened by Antitrust Policy Debate in Washington
A raging debate in Washington has put a damper on Hollywood's urge to merge as regulatory leaders implement a radical overhaul of antitrust policies.
Antitrust laws were an outgrowth of the late-1800s “robber baron” era, when the Progressive movement sought to rein in the power of industrialists such as John D. Rockefeller and J.P. Morgan — the Elon Musks and Mark Zuckerbergs of their day. The Biden administration sent its signal loud and clear in November 2021 when it blocked Paramount Global’s planned sale of its Simon & Schuster publishing division to Penguin Random House. “Over the last decade, we’ve heard mounting concerns about inadequate competition across key markets in the U.S. economy,” Khan said last September in a speech at a Fordham University conference on antitrust law.
Or read this on Variety