There has been significant consolidation in many industries — airlines, beer, grocery stores — but one you might want to keep an eye on is media companies, capped by the Walt Disney Co.'s proposal to buy 21st Century Fox movie and TV assets for $52.4 billion. Giant media companies that produce the TV you love are trying to get the cable and satellite TV companies that bring that content into your home to pay more, Axios media reporter Sara Fischer explains in the video below, and larger media companies have more bargaining power. If they are successful, the cable companies will add the costs to your bill.
One of the reasons your bill might go up is that the TV you love is becoming more expensive to produce — each of the last six episodes of Game of Thrones, for example, cost $15 million to make, Fischer notes, adding: "If you're not careful about watching your cable and internet bills, the costs could creep up on you." Peter Weber
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Unprepared for a pandemicOpinion What happens if bird flu evolves to spread among humans?
-
6 impressive homes in TorontoFeature Featuring floating stairs in Lytton Park and a two-tiered infinity pool in Banbury-Don Mills
-
Samantha Harvey's 6 favorite books that redefine how we see the worldFeature The Booker Prize-winning author recommends works by Marilynne Robinson, George Eliot, and more
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
