Disney's Monopolies

701 Words3 Pages

Throughout the years monopolies have disappeared, or have they? Big companies such as the Disney company seem to buying things left and right, and nobody stops to notice. This has been ignored for a long time, no one stops to do anything.
Monopolies were at an all time high in the late 1800’s. Big companies would simply buy out the competition so that they could raise prices, and or create inferior products for the same price. With big people like Carnegie and Rockefeller running the game other companies found it difficult to get an in, and if they’re able to; they get bought out the second a big company thinks they can become a threat. People wanted the big businesses because that meant more jobs and more jobs meant more money.
On July 2nd, 1890 the Sherman Antitrust Act was passed. This made it illegal to form monopolies, this didn’t mean the it didn’t still happen. The act was passed to fix price fixing that was caused by major monopolies. This made it so many companies, each with a small share of the market could coexist without the fear of being bought out, well at least for the most part. This proved it wasn’t quite strong enough; in a short fifty years domestic monopolies started to appear once more, and were becoming more and more frequent. This lead to the passing of the Clayton …show more content…

So why do they need more than that. After Disney merges with Fox they plan to run their own Streaming business by 2020. This would mean they’d pull all their content from other streaming services (not that there's much you don’t have to pay for already) Like Hulu and Netflix. This would depreciate the value of both companies. To add to all this Disney already makes 1 billion dollars more than Fox in a year on average (Sims). Not to mention while acuring all these new liscenes, they won’t be able to make time for all of them, and if they do they’ll Disney-ify