×
  • remind me tomorrow
  • remind me next week
  • never remind me
Subscribe to the ANN Newsletter • Wake up every Sunday to a curated list of ANN's most interesting posts of the week. read more

Forum - View topic
NEWS: Report: U.S. Justice Department Extends Antitrust Review of Sony's Proposed Acquisition of Cru


Goto page 1, 2, 3  Next

Note: this is the discussion thread for this article

Anime News Network Forum Index -> Site-related -> Talkback
View previous topic :: View next topic  
Author Message
ErikaD.D



Joined: 09 Jun 2019
Posts: 659
PostPosted: Wed Mar 24, 2021 3:06 pm Reply with quote
But ironically, DoJ is OK on Facebook, Google, Microsoft, Disney etc. They don't stop Disney on acquisition of Fox. This is double standarts. RIP Aniplex animes on CR.
Back to top
View user's profile Send private message
scowler



Joined: 30 May 2009
Posts: 93
PostPosted: Wed Mar 24, 2021 3:09 pm Reply with quote
The US Justice Department would have a reasonably strong case if they decide to contest this deal.

Sony's strongest defense is that Netflix does license a lot of new anime as well. Is that a strong enough case? We'll see.
Back to top
View user's profile Send private message
Yttrbio



Joined: 09 Jun 2011
Posts: 3657
PostPosted: Wed Mar 24, 2021 3:11 pm Reply with quote
I'm not an anti-trust expert, does extending the review period really mean anything, or is that routine?
Back to top
View user's profile Send private message
Toloran



Joined: 22 Jul 2010
Posts: 33
PostPosted: Wed Mar 24, 2021 3:20 pm Reply with quote
Quote:
Crunchyroll launched in 2006 as a streaming service offering anime titles without authorization.


That's a really polite way of say 'hosted illegal fan translations'.
Back to top
View user's profile Send private message
MarshalBanana



Joined: 31 Aug 2014
Posts: 5424
PostPosted: Wed Mar 24, 2021 4:10 pm Reply with quote
ErikaD.D wrote:
But ironically, DoJ is OK on Facebook, Google, Microsoft, Disney etc. They don't stop Disney on acquisition of Fox. This is double standarts. RIP Aniplex animes on CR.
Didn't they oppose the Disney Fox buyout? And then fail. So the same thing could happen here.

Honestly there is no valid reason why Sony needs CR, they have both their own branch(Aniplex USA) and Funimation.
Back to top
View user's profile Send private message My Anime My Manga
dragonrider_cody



Joined: 14 Jun 2008
Posts: 2541
PostPosted: Wed Mar 24, 2021 4:14 pm Reply with quote
ErikaD.D wrote:
But ironically, DoJ is OK on Facebook, Google, Microsoft, Disney etc. They don't stop Disney on acquisition of Fox. This is double standarts. RIP Aniplex animes on CR.


Politics were in play for the Disney deal, and it’s also why they did try to stop they AT&T/Time Warner deal, even though that one didn’t actually cut down on competition as AT&T had almost no entertainment holdings at the time. American anti-trust laws are somewhat outdated and focus primarily on horizontal integration, and not vertical integration. There is a different administration now, so the DOJ is more likely to review and pursue cases like this. The Sony acquisition is very clearly a case of horizontal consolidation, so they do have good cause to review and potentially block the sale or put stricter guidelines on it for a period of time.

And in case you haven’t watched the news, there have been a lot of political outcry over Facebook, Apple, Google, and Amazon and the government has been reviewing their business practices for some time. The DOJ did go after Microsoft in the past, but ultimately lost their case at the Supreme Court.

And just FYI, I agree 100% percent that the Disney deal should have never been allowed, but it’s pretty much too late for that, and they could only bring a case if they catch Disney aggressively abusing their power.

Like it or not, the political makeup of the White House does influence which anti-trust cases the DOJ does pursue, and these deals are more likely to face scrutiny when a Democrat is in power.
Back to top
View user's profile Send private message
dragonrider_cody



Joined: 14 Jun 2008
Posts: 2541
PostPosted: Wed Mar 24, 2021 4:17 pm Reply with quote
MarshalBanana wrote:
ErikaD.D wrote:
But ironically, DoJ is OK on Facebook, Google, Microsoft, Disney etc. They don't stop Disney on acquisition of Fox. This is double standarts. RIP Aniplex animes on CR.
Didn't they oppose the Disney Fox buyout? And then fail. So the same thing could happen here.

Honestly there is no valid reason why Sony needs CR, they have both their own branch(Aniplex USA) and Funimation.


No, they didn’t object to the Fox buyout. They fought against the AT&T one, which was a long shot at best because anti-trust laws mostly horizontal mergers rather than vertical deals like the AT&T/Time Warner deal. Had CNN not been part of Time Warner, I doubt that case would have moved forward. Politics played a big role in those cases.
Back to top
View user's profile Send private message
MarshalBanana



Joined: 31 Aug 2014
Posts: 5424
PostPosted: Wed Mar 24, 2021 4:35 pm Reply with quote
dragonrider_cody wrote:
No, they didn’t object to the Fox buyout. They fought against the AT&T one, which was a long shot at best because anti-trust laws mostly horizontal mergers rather than vertical deals like the AT&T/Time Warner deal. Had CNN not been part of Time Warner, I doubt that case would have moved forward. Politics played a big role in those cases.
Oh OK, my mistake, thanks for the correction.
Back to top
View user's profile Send private message My Anime My Manga
ZelosZoidberg



Joined: 23 May 2018
Posts: 662
PostPosted: Wed Mar 24, 2021 5:12 pm Reply with quote
The real question is can licensed content be monopolized. At least that's how I'm looking at the case.
Back to top
View user's profile Send private message
paworksfan



Joined: 16 Mar 2021
Posts: 9
PostPosted: Wed Mar 24, 2021 6:18 pm Reply with quote
The Disney/Fox thing was unavoidable.

1. Fox was determined to exit film production because they were losing a ton of money. (More on why later).
2. Because they were wise to get out before hitting rock bottom and still had value, Fox was worth more than anyone but Disney was willing to pay. (Again, why later.)
3. Put 1. and 2. together and had Fox not found a buyer, they would have gone the firesale auction route.
4. Who would have won the firesale auctions for their library and IP? Why the company with the most money to pay. Which was going to be Disney. And there would have been no legal way to block them from buying it.
5. Except that Disney wouldn't have been required to take on Fox's liabilities: film lots, corporate divisions, projects in development, employees and pension obligations. They would have been able to just buy the film library, the rights to X-Men and ditch the rest.

Now for the "later" part: the U.S. film industry is on life support. Box office receipts are "OK" only due to inflated ticket prices and decent attendance in urban areas, the northeast and the far west. But actual movie attendance as a proportion of population has been declining for decades. In most of the U.S. few people attend movies at all. Entire genres - western, detective, police, adventure, military, comedy, romance, adult drama, kids/family movies that aren't CGI animation - are dead. Meanwhile the cost of producing and promoting movies has risen exponentially and - except for horror - the few genres that are still viable are the most expensive to produce and promote. All of the small and mid-major film studios except Lionsgate (who releases most of their films to DVD/VOD) are either dead or exist only on paper as a division of a much larger studio. Of the major studios, only Disney is independent. The rest are owned by much bigger companies like AT&T (Warner Bros), Comcast (Universal), National Amusements (Paramount) and Sony (Columbia/TriStar) as part of "vertical integration" deals.

So, that's why the feds just looked the other way when it came to Disney buying Fox. All the other alternatives were much worse.
Back to top
View user's profile Send private message
Hoppy800



Joined: 09 Aug 2013
Posts: 3331
PostPosted: Wed Mar 24, 2021 6:24 pm Reply with quote
To think that Sony's attempt to monopolize anime was the worst of it, now I read that they are most likely breaking antitrust laws in the process, the DoJ should not let the sale go through.
Back to top
View user's profile Send private message
Lord Vaultman



Joined: 03 Mar 2017
Posts: 810
PostPosted: Wed Mar 24, 2021 6:45 pm Reply with quote
Hoppy800 wrote:
To think that Sony's attempt to monopolize anime was the worst of it, now I read that they are most likely breaking antitrust laws in the process, the DoJ should not let the sale go through.


I seriously doubt that Sony had any intention of breaking anti trust laws when it came to this.

Now onto the main topic I Honestly I wasn't sure what was going to happen with this but all I can say with certainty is that there would most definitely still be competition besides just netflix (4kids, and sentai still say hello) plus there is the others that deal primarily in older licenses. Its close but I wouldn't think it was a monopoly just yet considering japan still has to approve the license.
Back to top
View user's profile Send private message
Redbeard 101
Oscar the Grouch
Forums Superstar


Joined: 14 Aug 2006
Posts: 16948
PostPosted: Wed Mar 24, 2021 6:51 pm Reply with quote
Color me surprised they care enough to do this. I would not have thought anime would have been a large enough market for the DOJ to get involved and care, in terms of anti-trust and such. It's a niche entertainment subset within media as a whole.
Back to top
View user's profile Send private message My Anime My Manga
ReNellGlover



Joined: 08 Feb 2014
Posts: 123
PostPosted: Wed Mar 24, 2021 7:31 pm Reply with quote
Lord Vaultman wrote:
Hoppy800 wrote:
To think that Sony's attempt to monopolize anime was the worst of it, now I read that they are most likely breaking antitrust laws in the process, the DoJ should not let the sale go through.


I seriously doubt that Sony had any intention of breaking anti trust laws when it came to this.

Now onto the main topic I Honestly I wasn't sure what was going to happen with this but all I can say with certainty is that there would most definitely still be competition besides just netflix (4kids, and sentai still say hello) plus there is the others that deal primarily in older licenses. Its close but I wouldn't think it was a monopoly just yet considering japan still has to approve the license.


Except 4Kids has been dead for nearly a decade.
Back to top
View user's profile Send private message
Lord Vaultman



Joined: 03 Mar 2017
Posts: 810
PostPosted: Wed Mar 24, 2021 7:41 pm Reply with quote
ReNellGlover wrote:


Except 4Kids has been dead for nearly a decade.


They still keep licensing movies and own the rights to studio ghobli movies. Don't give me that. Plus I can't believe I forgot about Viz media who licenses the big time shows frequently.
Back to top
View user's profile Send private message
Display posts from previous:   
Reply to topic    Anime News Network Forum Index -> Site-related -> Talkback All times are GMT - 5 Hours
Goto page 1, 2, 3  Next
Page 1 of 3

 


Powered by phpBB © 2001, 2005 phpBB Group