How the Feds May Have Just Handed Netflix Over to Comcast | PRO Insight

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. 

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Peter Csathy

Peter Csathy is a WrapPRO contributor writing about the intersection between tech and entertainment/media. He's chairman of Creative Media (https://creativemedia.biz/), a boutique media, entertainment and tech business advisory and legal services firm. His monthly “Fearless Media” newsletter (https://www.getrevue.co/profile/pcsathyweekly) covers the future of entertainment, media and tech; and his weekly “NFT Legal Update” newsletter (https://www.nftlegalupdate.com/) covers Web3 and the NFT ecosystem. You can follow him on Twitter @pcsathy.