Bridger PenningtonFund Launch & Investment Expert

Blackstone Owns A Stake in Cocomelon?!

5 Sept 2023 · 1 min

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This content was created by Bridger Pennington. This content was uploaded by Bridger Pennington. This is a YouTube clip titled "Blackstone Owns A Stake in Cocomelon?!" (uploaded 2023-09-05). It contains a single-speaker commentary (labeled SPEAKER A) expressing concern about large Wall Street funds—Blackstone, BlackRock, Fidelity, Vanguard—buying major stakes in media and other industries (including a claim that 1 in 5 homes were purchased by Wall Street), warning about media consolidation and loss of control, and urging broader public understanding or counteraction via funds. The tone is opinionated and critical of corporate concentration and media ownership.

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Blackstone has a significant stake in Cocomelon, like the TV kids show, which is kind of scary right now. We talk about this concept democratizing Wall Street. I think more people need to understand how funds work because Blackstones of the world and BlackRocks of the world and Fidelities of the world and Vanguards of the world are buying up major stakes in media companies and news networks. And people always talk about the media is poisoning us. Well, guess who owns the media? All these funds. That's who controls the media. And so when, it's like we're living in the WALL-E world. You know, like WALL-E the show where like one company owns everything and can control whatever they want? We are starting to get to that point. And if we do not have more people learning the game of funds, building funds to counteract what Wall Street is doing, last year 1 in 5 homes were purchased by Wall Street. And so if we don't do anything about this, I mean, it's gonna just continue to roll up industries and buy and consolidate industries where you wanna, your kids wanna watch a show? Well, guess what? BlackRock owns Cocomelon. They own every other network channel.