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Impact of Regulatory Issues and Consolidation on Artists and Consumers
The regulatory issues surrounding consolidation in industries like book publishing and Hollywood will influence the impact on artists and consumers. Further consolidation may hurt artists by limiting places to sell their work, affecting the market for artists. However, it may not necessarily hurt the consumer, leading to the belief that the law of simple economics would result in only two or three major streamers. Additionally, the potential consolidation within large studios could affect content production and distribution, possibly leading to the need to sell content to third parties like streamers and channels.