Nah, leisure firms are insanely susceptible to market traits. One of the simplest ways to take a look at it’s this. In October of 2021 Netflix had the next market cap than Disney and just about each different media firm. An organization based in 1997 that basically reinvented itself in 2011 and constructed itself from there was capable of surpass firms that had been round for 50-100 years.
These mergers will shore up the survivability of a media conglomerate, however they’re going to do nothing in the way in which of stopping a competitor from rising. It’d look like there are much less firms in leisure, however if you scratch the floor there are literally vastly extra, they’re simply non-traditional. Previous media firms are shaky revenue turbines, you’re taking away theme park earnings and Disney has been stagnant for years as a result of there’s a lot competitors in leisure that they are having to spend like loopy simply to take care of marketshare.
