> Any consolidation like this seems like a negative for consumers
This is a very common narrative to this news. But coming into this news, I think the most common narrative against streaming was essentially "There is not enough consolidation." People were happy when Netflix was the streaming service, but then everyone pulled their content and have their own (Disney, Paramount, etc.)
Isn’t that mixing up library size with market power?
Consumers are going to pay for this consolidation through higher subscription prices because the cost always goes somewhere.
What you’re seeing now is the same consolidation and ad loading that drove the old piracy waves.
You can look at all the reporting that’s been done, much of which is repetitious, but the smoking gun is here:
https://www.bsee.gov/newsroom/latest-news/statements-and-rel...