US judge blocks $2.2B Penguin Random House merger

Re:US judge blocks $2.2B Penguin Random House merger by Yawnzy on Tuesday November 01, 2022 @12:38AM (#33416988)

If only they’d blocked Disney’s acquisitions

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Re:US judge blocks $2.2B Penguin Random House merger by christopherwxyz on Tuesday November 01, 2022 @12:43AM (#33417024)

Disney doesn’t have as great of pricing power in its much larger relevant market.

Plus, United States v. Paramount in 1948 prevents a lot of the vertical integration that could be achieved in their former markets.

The only other place they can go is the even more crowded market that is online.

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Re:US judge blocks $2.2B Penguin Random House merger by chongli on Tuesday November 01, 2022 @01:17AM (#33417243)

As part of a 2019 review of its ongoing decrees, the Department of Justice issued a two-year sunsetting notice for the Paramount Decree in August 2020, believing the antitrust restriction was no longer necessary as the old model could never be recreated in contemporary settings. [1]

[1] https://en.wikipedia.org/wiki/United_States_v._Paramount_Pic....

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