Common ownership of competitors reduces competition and keeps wages low

Evidence

When large asset managers such as BlackRock and Vanguard hold large blocks of corporate equity of competing firms with the same industries. Common ownership consolidates corporate shares within the hands of a few large firms, which harms competition, incentivizes companies to keep prices high and wages low, and produces conflicts of interest. Also known as horizontal shareholding. — Andrew deWaard, Derivative Media, 484

Categorization

• XREF: Potential causal channel from ownership to industry form that the reader can weigh against creative decisions in media production. — connects to: Wage contraction persists comparing firms within the same city and industry. — Sebastian Doerr et al., Financial Crises and Political…, 136
• QUESTION: BlackRock and Vanguard holding stakes in both studios and their talent/competitors is a plausible route from Wall Street into what gets greenlit.