Noah J Nelson on Thursday, Jul. 24th
The rumors have been swirling for weeks now that Google was aiming to snatch up video game streaming platform Twitch for a cool billion dollars. Now VentureBeat is reporting that the deal is done, and other sites are following suit on the reporting.
This comes just one day after Re/Code broke word that AT&T and The Chernin Group’s Otter Media will buy a controlling stake in Multi Channel Network Fullscreen. While this is a bit like comparing apples to oranges—Twitch is a platform, Fullscreen a major player in the YouTube universe—it still shows that we are hip deep in a wave of major media consolidation.
Comcast is attempting to pick up Time Warner Cable. Disney just gobbled up Maker Studios. Rupert Murdoch is trying to get his hands on Time Warner itself.
Sooner or later the wave of mergers and acquisitions has to stop, right?