Knowing that common ownership in other industries results in decreased competition and increased prices, we should expect the same in the media industries, even though specific outcomes and effects on content are difficult to isolate. The propensity for joint ventures (e.g., Hulu, The CW, Epix, Vevo) and joint franchises (e.g., Harry Potter, Terminator, Lego, James Bond, Lord of the Rings, Spider-Man) is the kind of cartel-like behavior we can expect from common ownership. … While difficult to track on the ground—as with climate change, in which any one extreme weather event may not be conclusively attributable to human-caused climate change but the overall probability of extreme weather steadily rises—the overall trend in the derivative media era is toward increased consolidation, layoffs, CEO raises, and minimal competition within a climate of financialization and common ownership.

XREF: Connects to broader antitrust/corporate-concentration literature and the climate-change probabilistic causation analogy the author draws.

Andrew deWaard, Derivative Media, loc. 130