How has conglomeration changed the movie and television industry?

There are countless conglomerate companies, including Time Warner, Disney, Universal, etc. Some companies are strictly television broadcasting and some movie production. But, for the most part, all own some entity in each other. For example, Universal is a merger with NBC Studios, so they benefit from being able to share each others profits. Another example is Fox and 20th Century production. If a certain television show thrives on Fox, then 20th Century Fox has the ability to produce a movie off of that show or even, vice versa. These are the benefits of having a conglomerate media corporation.

When Disney embraced the television network with ABC in 1954 to produce a television series, they did it because Disney's fans wanted more out of the production company. Nowadays, it is certainly more than a production company! So, out of its conglomeration, Disney created the Mickey Mouse Club and shows that appealed to the younger set for when they came home from school. Even now with Disney Channel, most of their shows are such a success that they have to create a movie to satisfy public demand, such as Hannah Montana, Kim Possible. In conclusion, television and movies were no longer rivals once they realized they could merge and form one superior industry in the world of mass media.