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NEWS: Federal Judge Blocks Penguin Random House's Acquisition of Simon & Schuster




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PipimiOden



Joined: 26 Mar 2022
Posts: 177
Location: Pennsylvania, USA
PostPosted: Tue Nov 01, 2022 12:18 pm Reply with quote
The only good buyout news that came out today lol
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Zefram



Joined: 02 Oct 2019
Posts: 107
PostPosted: Tue Nov 01, 2022 12:50 pm Reply with quote
But why was acquisition of Crunchyroll by Funimation allowed?
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Ermat_46



Joined: 14 Apr 2008
Posts: 725
Location: Philippines
PostPosted: Tue Nov 01, 2022 1:06 pm Reply with quote
^ Because there's enough competition from HiDIVE, Netflix and Disney? Didn't Sentai managed to nab 3 high profile shows this season?

I love it when people here use whataboutisms like "wHy DiD tHeY aLlOw Cr AnD fUnI mErGe?" when this is an entirely different topic.
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DerekL1963
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Joined: 14 Jan 2015
Posts: 1113
Location: Puget Sound
PostPosted: Tue Nov 01, 2022 2:57 pm Reply with quote
Zefram wrote:
But why was acquisition of Crunchyroll by Funimation allowed?


Because the Federal government and the courts pretty much let everything through, except every so often they'll randomly block something. (And I'd lay even odds that this is only a temporary stumbling block.)
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tsog



Joined: 16 Sep 2017
Posts: 225
PostPosted: Tue Nov 01, 2022 7:35 pm Reply with quote
Zefram wrote:
But why was acquisition of Crunchyroll by Funimation allowed?

Because they don't think anime is worthy of protection by itself?

Within streaming overall (Netflix/Hulu/Prime/Disney etc.) CR/Funi probably aren't even 5% of the market.

As important as we think we are (as a community/demographic/purchasing power) we are just peanuts to the rest of humanity.
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Gina Szanboti



Joined: 03 Aug 2008
Posts: 11354
PostPosted: Tue Nov 01, 2022 7:46 pm Reply with quote
Penguin's attorneys wrote:
...the merger would allow Penguin Random House to bring "enhanced distribution capacity to a greater number of authors, including Simon & Schuster's authors."

Kadokawa wrote:
we intend to further expand of all of the group's businesses ... by strengthening collaboration in promotion and other areas....

All sounds like the same corporate gaslighting to me. I'm sure Clear Channel gave similar assurances when they gobbled up half of the radio, tv, billboards, ticket sales, etc. in the US. :/
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Shay Guy



Joined: 03 Jul 2009
Posts: 2116
PostPosted: Tue Nov 01, 2022 7:47 pm Reply with quote
To add to the thing about anime being a niche within streaming video (though a growing one) and the fact that the bigger players are quite capable of pushing into it, which isn't the same for a field like "English-language book publishing"… Crunchyroll was bought for $1.175 billion, and S&S was going to be bought for $2.175 billion. That alone could put it in a different ball game.
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