# Justice Department Hails Merger of Last Two Studios as Historic Victory for Choice

Regulators say consumers have never had more options, provided they enjoy the same option in different fonts.

Washington The Justice Department on Monday approved the acquisition of one century-old film studio by another, declaring that combining the two largest remaining entertainment companies into one larger entity would 'dramatically increase competition' in a market that now contains one fewer competitor than it did on Friday.

Officials explained the merger fosters rivalry by ensuring there is no longer anyone left to be a rival to. The combined company will now compete vigorously against itself, widely considered the fairest possible matchup.

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Subtraction has at last been recognized as a form of addition. — Antitrust attorneys

Consumers, the Department stressed, retain abundant choice. They may watch the conglomerate's films in a theater, on a phone, on a television, or projected onto a wall, and in each case will be choosing, freely and from the heart, the same company.

Antitrust attorneys praised the decision for its mathematical elegance, observing that subtraction has at last been recognized as a form of addition.

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A spokesman for the merged entity, which has not yet decided what to call itself and may simply go by 'the studio,' said audiences would notice no difference, and framed this as the achievement. "You will pay what you paid, watch what you watched, and resent whom you resented," he said. "We have removed the confusion of alternatives."

Whichever streaming platform a household selects, analysts noted, it will end up paying the same conglomerate: all roads now lead to one cashier. A market with exactly one participant can never lose market share, a stability the Department called 'the healthiest a marketplace can be.'

### Related Reading

- Media conglomerate. A handful of companies own nearly everything you watch. The handful keeps getting smaller.
- Monopoly. A market with one seller. Now reclassified, for regulatory purposes, as a vibrant arena of choice.

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Tags: Business Mergers Antitrust Business