Disney As A Monopoly
By Luke Meli and Brandyn Pokrass
What defines a monopoly? According to Google, the definition is the exclusive possession or control of the supply or trade in a commodity or service. This defines Disney. According to BoxOfficeMojo.com, Disney will own 34% of the movie industry following the FOX buyout. That is an absurd amount and definitely exclusive control and possession of a service. They own ESPN, FOX, A&E, and ABC. This gives Disney the rights to only few shows and movies like (Deep breath) the original Star Wars, Modern Family, Xmen, Alien, Predator, Simpsons, Home Alone, Buffy the Vampire Slayer, Deadpool, Fantastic Four, Die Hard, sports networks, and….. SO MUCH MORE. 24 of the 50 top-grossing movies all time will be owned by Disney.
Disney’s power in the film industry has led to inflated movie prices that we can’t do anything about. In 2016, Disney and FOX combined for 40% of ticket sales which gives them undeniable control over the theaters. Disney has created rules for movie theaters that are unheard of in price control. Disney forced theaters to show “The Last Jedi” in theaters for four full weeks in their biggest theater, and if they didn’t abide by the rules, the theaters had to pay 5 percent extra on top of the 65% the theaters were already paying for the movie. In addition, Disney threatened to take away the screening rights to Marvel movies. Being able to control the wages is a monopoly and it is scary. This will most likely be a detriment to the movie industry pushing small theaters out of business and possibly hurt the industry as a whole.
Clearly, moviegoers are unhappy with the mouse running the house and want to possibly see the government step in and take action, as they did breaking up a deal between AT&T Inc. and Time Warner Inc. Time will tell if our fears will come true, and Disney will become an insurmountable mountain of movie dominance.Share This Item: