How has conglomeration changed the movie and television industry?

Conglomeration has changed the movie and television industry indefinitely. Film studios and television stations are all very different from when they first started. Today, “the top decision makers at mega corporations are focused on profitability of each entity”(57). This all came about because of the impact the media companies had from the 1970’s to 2000’s. With films and television making so much money, other companies wanted in, so they could also make some side cash. This allowed these other companies to “expand and diversify”(56). It’s a shame that the main goal today for the shareholders is to only gain a profit, whereas back when the media companies started, it was all about creating and producing good films or television. Also as the book says there are people losing their jobs because shareholders can find other people to do the jobs for less, “Subsidiary managers, of course, can be replaced or, at minimum, overruled”(57). Besides from all of the negative effects that conglomeration has had on these two industries, they have also have a few positive impacts. With a film studio or TV station backed by a major company, it helps them have a constant stream of money. It helps promote both the industry and the major company that backs it.