this post was submitted on 11 Jul 2023
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Capital wins again. If only the FTC didn't sit on its ass for the last 40 years, maybe such market consolidation wouldn't be allowed and normalized.
Also shout-out to this comm. The Beehaw community seems delighted. You can sometimes really tell which instances skew toward leftists vs liberals
The fact that it was challenged at all is a huge step in the right direction. Couple of years ago, the FTC wouldn’t even bat an eye with these mergers. The new chair, Lina Khan seems to be determined to reduce the power of monopolies.
Which is a good thing, if this isn’t obvious.
The problem lies with the complete out of touch judges now.
Oh no, those judged seem touched. Maybe the need another sponsored yaht trip to clear their heads.
That's more on the money than you think. Microsoft mostly won because the FTC didn't clamp down on Sony being anticompetitive which "forced" Microsoft to make these acquisitions. This situation is bad, but the alternative with Sony exclusivity deals all over the place was worse.
No I think this is worse. It's not a deal. These are all first party studios now essentially, through nothing but the purchasing power of a trillion dollar company. They will and can be as locked as Microsoft prefers.
There were 360 deals before PS4/PS5 deals. There were Xbox One deals even during Sony dominance, like Tomb Raider. Sony is just one player, but the others are not angels.
Nothing here stops those deals from continuing.
What has happened is that the second or third largest third party publisher's studios and "IP" now belong to a first party publisher.
And I predict more acquisitions, and thus consolidation, will come from Sony.