Why 2019 Was a Year for the Ages in the Entertainment Business

What a year it was in the media universe! Between megamergers, the launch of two major streaming services, and the birth of Baby Yoda, 2019 shaped up to be one of the most revolutionary periods in recent memory — one that ushered in a whole new era for the entertainment and media business. Continuing the trend of consolidation among traditional companies looking to scale up in the digital age, Disney spent $71 billion to buy Fox in March, Sinclair snapped up Fox Sports Network (from Disney) for $10 billion two months later, and CBS and Viacom reunited in a merger valued at $12 billion that closed two weeks ago.