A lot of people in this thread seem to be undervaluing those old school Disney characters, yes now Disney is huge and has a much larger portfolio of IP, but in 1998 they were a far bigger percentage of Disney's portfolio than they are now.
You're not wrong that consolidation is a problem. My point is that Congress changed the law in a way that helped Disney and at least partially enabled that consolidation. (In fact, it's fairly rare to come across a monopoly or any heavily entrenched corporation that isn't enabled in some way by government collusion.)
If you shoot someone, take all his money, then build a business with it, you're still a murderer. (Just now you're a rich murderer.)
Right? There were even competitors back then. People all but forgot the Looney Tunes.
i.e. enforce egregious IP violations while criminalizing trolls.