3. Comcast Reaches for the Sky
Comcast has thrown their name in the ring for the acquisition of the Sky News, bidding against 21st Century Fox for the UK pay-TV giant, and they are in it to win it with an enormous $31 billion bid on the table. This is a deal that could be a game changer for Comcast, giving them the ability to expand in Europe and possibly work around tight U.S. regulations that are limiting some domestic growth. Above all, the acquisition would help expand their OTT services, which is particularly important after it lost 33,000 traditional pay-tv customers in the last quarter of 2017. While these giant mergers are changing the landscape of media and advertising, they certainly do not come without pushback – most notably from the U.S. Justice Department, which has its hawk eyes on media consolidation acquisitions. The Department is concerned mega-companies could lead to monopolies, higher prices, and less competition – which would, in turn, lead to less innovation. On one hand, it will benefit the big players at the top, and on the other, consumers will be deprived of choice. We’ll have to wait and see which side wins out.