Comment Re:Let it burn (Score 1) 40
The industry is in a mess of transitions. Streaming has upended everything. Cable is falling apart, theaters are in trouble, and the industry needs to realign. That means some have to merge, some will fail, and new players will enter.
We don't want this to go like the airlines went. In that case, a merger was blocked to "preserve competition", but the result was Spirit went out of business, taking a competitor out of the market anyway, but with a lot of people losing their jobs who could have kept them.
Industries in trouble need mergers. Blocking them can have a worse outcome than market consolidation.