The FTC’s suit to block Microsoft’s acquisition of Activision-Blizzard may have actually paved the way for another huge tech-entertainment merger
In my last column, I laid out my annual 10 predictions for media, entertainment and tech, 2023 edition. Headlining my list was accelerating Hollywood M&A, and just last week euro-based media conglomerate Mediawan acquired Brad Pitt’s Plan B Entertainment in a deal I anticipated a few weeks back in another column. So check, got that one right and am off to a good start.
But let’s go bigger, bolder — courtesy of a massive new development since I wrote those predictions, but an overall antitrust theme I generally anticipated. Just last week the FTC filed litigation to block Microsoft’s $69 billion acquisition of Activision-Blizzard. And with that game move, the Feds made Comcast the leading contender to buy (really, merge with) Netflix in the mother of all unintended media consequences.