Who Owns the Media

With most of the media being owned by just six companies, I believe their decisions will dictate how we stream and view media in the future. At this rate, it looks like a lot of the media conglomerates have their eyes set on streaming services, where they can mimic Netflix and put their original content on a service that viewers subscribe to. I don't foresee the major conglomerates getting any weaker, but I think they'll use their power to buy out smaller companies that are similar, to expand their grasp on the industry. Since so few own so much, it can be detrimental because innovation is stifled as the market turns more into an oligopoly, and there's less competition from companies outside the major six. However, having these incredibly powerful conglomerates also has a plus side because it provides a greater global reach for smaller and newer companies to get their content seen.