Will a few big companies control all of the media?
In this week’s rumor mill, the idea is that A24 is on sale for $ 2.5 billion to $ 3 billion. Right now Apple seems like the most likely suitor.
Behind this is Amazon, which MGM has just bought for almost 9 billion US dollars and wants to expand the range of its app as soon as possible.
These are unprecedented times and industry leaders are trying to keep up with the streaming wars by having content that will make people come back for more. Even if A24’s biggest hit was Hereditarywhich grossed only $ 80 million worldwide, they might be the right company to entice bigger filmmakers to collaborate and attract more people to the app, or just to have an untapped market share that no streamer has really tapped .
Jimmy Schaeffler, CEO of media consultancy Carmel Group, said, Indiewire“It’s like buying a really premium LA property. Ideally, you will find a nice, comfortable space for your family and, ideally, watch the property increase in value as you live.” it.”
With all of these gamers moving, it seems like many studios could consolidate under those giant tech banners that can afford to devour smaller places. As I said earlier, Amazon and Apple are both worth trillions of dollars and making money without making movies or television. So you can afford to buy things up as long as you think they can make money from them in the long run.
However, this could result in fewer opportunities for weird or interesting movies, especially if the data shows that not many people watch art movies or certain genres.
We will see. Let us know what you think in the comments.