Blockbuster Inc., the video rental giant, dropped its bid yesterday to acquire the Hollywood Entertainment Corporation, the second-largest video rental chain, citing the likelihood that the Federal Trade Commission would reject the deal on antitrust grounds.I remember the story very, very well. Endless opportunities and vendors for television shows and big-screen movies, and yet the FTC was worried about anti-trust issues with regard to two video rental companies. (Are either of them even around any more?)
I am reminded of the story because the American Airlines - US Airways merger is expected next week according to a news station in Dallas-Ft Worth.
99-cent video rentals and the FTC is worried about antitrust, but no such worry for $800-seats on airlines. Extra for bags.