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A comment on Amazon is reportedly negotiating to acquire MGM for about $9B. Parent comment
Based on this line of reasoning, literally any acquisition that increases the power of copyright holders has downsides.
I'm not saying acquisitions can't also have have upsides. I'm not saying that the net benefit can't be positive for the end-consumer.
I agree with huitzitziltzin that it's possible that this acquisition is net welfare-improving. I think we probably mostly disagree in:
- the extent of the downsides to increasing the power of copyright holders, AND
- the probability that this particular acquisition is net welfare-increasing
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Based on this line of reasoning, literally any acquisition that increases the power of copyright holders has downsides.
I'm not saying acquisitions can't also have have upsides. I'm not saying that the net benefit can't be positive for the end-consumer.
I agree with huitzitziltzin that it's possible that this acquisition is net welfare-improving. I think we probably mostly disagree in:
- the extent of the downsides to increasing the power of copyright holders, AND
- the probability that this particular acquisition is net welfare-increasing