Rob Bonta
๐ค SpeakerAppearances Over Time
Podcast Appearances
We're looking at its potential anti-competitive impacts.
And we know that corporate consolidation tends to...
increase prices, lower wages, lower competition, lower quality and limit choice.
So we're going to take a close look at that, as is our job, and make an independent assessment based based on the law and the facts.
Well, one of the we are looking at that for sure.
One of the first questions is what is the appropriate market issue?
It's the market definition.
And one is studio.
You know, it will be a studio market consolidation.
There's also a streaming service market consolidation here.
so there's a couple different markets at issue and you know california is the home of hollywood with the fourth largest economy in the world what could this merger uh should it go through and be approved and and get through the regulatory process mean it could mean less choices for consumers higher prices for consumers less a less robust creative um uh
output and set of processes.
It can mean fewer choices and lower quality.
So there's a lot at stake here for the 40 million Californians.
But these companies, they're so large, there's going to be impacts nationwide and worldwide as well.
I do worry about that.
I think we all are worried about that and should be worried about that.
We've seen what's happened to our independent objective news that we so value, and we need to take steps to protect that.
So that is an important...
area that we're looking at among the many other broader areas.