Yes indeed mega communications corporation is at it again.? They have bought out yet another smaller company, adding to their corporate machine.
This time, Comcast is acquiring Free Wheel TV. Free Wheel is one of the major platforms used by TV networks to serve ads appropriate for their online content. It’s used by conglomerates like NBC Universal, Fox, ESPN, VEVO, and many others. This deal is expected to cost Comcast around $320 million dollars. Comcast is doing this to build it’s own video ad platform. But this acquisition might cause conflict: Free Wheel has a partnership with Amazon and one of it’s top competitors, Direct TV.
But that’s not my worry. My worry is that one corporation is getting way too powerful. Keep in mind Comcast owns NBC Universal and has wants to buy Time Warner for $45 billion dollars. I hope that deal doesn’t go through either. Look, I understand they want to get better, especially at online advertising. But to purchase other companies and creating your own monopoly? I’m afraid there’s going to come a time when something goes wrong with your cable, they can either take their time getting it fixed, or not fix it at all, because hey, you can’t go to a competitor. That’s because there are no competitors! That is what this can lead to. And why haven’t Congress intervened in this? Or am I just being paranoid again?