Sony may face regulatory hurdles due to their acquisition and consolidation of media studios, with potential scrutiny from Washington. However, given the competitive landscape and the need for firms to stay financially viable, regulators may be inclined to approve the deal. The argument for allowing such consolidations is to prevent a lack of competition that could lead to lowered prices for consumers. In this context, experts may advocate that blocking the acquisition would not be in the best interest of consumers due to the changing dynamics in the media industry.
Kara and Scott discuss Sony and Apollo Global wanting to break up Paramount, Apple apologizing after everyone hated the new iPad Pro ad, Melinda Gates resigning from the Gates Foundation, and new reporting that casts doubt on RFK Jr.’s VP pick. Then, earnings, earnings, earnings. What do Kara and Scott think of the latest numbers from Uber, Warner Bros and The New York Times? Plus, Apple has closed in on an agreement with OpenAI to use ChatGPT in iPhone operating systems. And, our Friend of Pivot Adam Moss joins us to discuss his new book, “The Work of Art: How Something Comes From Nothing.”
You can find Adam’s book, “The Work of Art: How Something Comes From Nothing,” here.
Follow us on Instagram and Threads at @pivotpodcastofficial.
Follow us on TikTok at @pivotpodcast.
Send us your questions by calling us at 855-51-PIVOT, or at nymag.com/pivot.
Learn more about your ad choices. Visit podcastchoices.com/adchoices