How has conglomeration changed the movie and television industries?

Conglomeration is defined as a combination of two or more corporations engaged in entirely different businesses together in one corporate structure. An example of a conglomerate in the media world is Disney, who combine their television channels and film content under one name. With the ability to control both a film outlet and and television outlet, Disney has the ability to produce movies and then play they on their own channel without additional cost. Some people criticize conglomerates as being unfair as the company can control so much content that it becomes difficult to get word out if the company is doing bad things because they control so many media outlets. The ability to control so many aspects have media has changed both the television and film industries in that companies now have to have a share in both television and film in order to be a viable business. Companies who only have holdings in film end up losing money when they try to get their film onto television and companies with holdings only in television miss out on the massive profits associated with movies. Conglomeration has made the old companies who have a single focus almost obsolete and has propelled the film and movie industries into an era where huge companies control every aspect of the businesses.