A federal judge in Washington, D.C., today cleared the way for the planned merger of At&T and Time Warner in a landmark antitrust ruling that will likely accelerate the pace of media consolidation.
U.S. District Court Judge Richard Leon accepted the survival-of-the-fittest argument At&T and Time Warner executives made in court: that the only way for a media company to survive in an environment increasingly dominated by technology giants is by combining movie studios, TV channels, distribution and data into one corporation.
The judge rejected the Department of Justice’s contention that combining the nation’s second largest telecommunications company and the biggest pay TV provider with one of the country’s leading film and television studios concentrates too much power in the hands of one corporation.
In a stinging rebuke, Leon concluded that Justice Department had failed to prove that the blockbuster combination would result in...
U.S. District Court Judge Richard Leon accepted the survival-of-the-fittest argument At&T and Time Warner executives made in court: that the only way for a media company to survive in an environment increasingly dominated by technology giants is by combining movie studios, TV channels, distribution and data into one corporation.
The judge rejected the Department of Justice’s contention that combining the nation’s second largest telecommunications company and the biggest pay TV provider with one of the country’s leading film and television studios concentrates too much power in the hands of one corporation.
In a stinging rebuke, Leon concluded that Justice Department had failed to prove that the blockbuster combination would result in...
- 6/12/2018
- by Dawn C. Chmielewski, Dade Hayes and Dominic Patten
- Deadline Film + TV
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