![]() ![]() ![]() ![]() According to the New York Times, Disney already owns the majority of Hulu, with enough Hulu stocks to completely control the direction of the company. Now besides just paying for Netflix, Hulu and Amazon Prime Video, television and movie enthusiasts also have to pay for the cost of Disney+.įrankly, Disney’s creation of Disney+ is rather useless. However, Disney’s expansion into streaming is worse for the consumer. Many have anticipated Disney’s expansion into the streaming service industry with Disney+, as Disney fans will finally be able to get all their Disney content in one location. In late 2019, Disney also launched its new streaming platform, Disney+. This oligopoly is a threat to free speech and thought. Disney, with the other members of the big six, has almost total control over American media, with the power to censor ideas, views and news. But the media influences the way that Americans view the world. When so few companies control so much of any industry, it becomes a threat to economic democracy. The media oligopoly, or an economic state in which a few companies control an entire market or industry, should be even more alarming. According to Investopedia, Disney along with five other companies – Time Warner Cable, CBS, Viacom, NBC and the News Corporation – jointly control around 85% of American media already. Disney controls an astonishing amount of the entertainment industry, extending beyond just children’s movies into television, streaming platforms, theme parks and even resort hotels.ĭisney already controls a large portion of the movie industry’s annual revenue. On the surface, it all seems picturesque and perfect, but beneath it lies something more sinister. According to Forbes, Disney has achieved a total market penetration, reaching all potential audiences with their classic children’s movies. Disney has long produced films that are the hallmarks of our childhood. ![]()
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