Monday, September 13, 2004
CONGLOMERATES
NEW YORK (CNN/Money) - Sony Corp. has reportedly reached an agreement to buy film studio Metro-Goldwyn-Mayer Inc. in a deal worth about $5 billion, a wire report said Monday, just hours after rival Time Warner Inc. dropped out of the bidding.
I'm concerned about this trend. How long before Sony and Disney control all our entertainment? We busted up ATT and it just made things confusing, but it's okay to let these companies keep buying up their competition? Somebody make sense of this for me, please.
NEW YORK (CNN/Money) - Sony Corp. has reportedly reached an agreement to buy film studio Metro-Goldwyn-Mayer Inc. in a deal worth about $5 billion, a wire report said Monday, just hours after rival Time Warner Inc. dropped out of the bidding.
I'm concerned about this trend. How long before Sony and Disney control all our entertainment? We busted up ATT and it just made things confusing, but it's okay to let these companies keep buying up their competition? Somebody make sense of this for me, please.
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