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oligopoly.
Here’s the thing. Imagine you are at Disney Studios in Burbank, California. Leave the lot and take a walk through Johnny Carson Park. Now you’re in NBC Burbank Studios. Keep going and you’ll find yourself in Warner Brother’s Studios. On the other side of the Lakeside Golf Club is Universal Studios. A few months ago the CEOs of these studios were regularly meeting to discuss what they were going to offer the writer’s and actor’s unions. These CEOs are all supposed to hate each other but now they are like buddies. Seriously, a couple of weeks ago Warner Brother’s and Disney announced “The streaming bundle of Hulu, Max and Disney+ is hitting the market today at the price of $16.99 a month with advertising and $29.99 without.” Kevin Feige said in an interview recently “if people go to the movie theater and see one of their movies and it has a trailer for one of our movies then that’s good for us.”
Oh and here’s another data point.
“On January 14, 2020, Universal and Warner Bros. Home Entertainment announced that they would partner on a 10-year multinational joint-venture. In North America, their physical distribution operations were merged into a company named Studio Distribution Services, LLC.”