Different Beers. The Same Owner.

Budweiser. Stella Artois. Goose Island. Different identities—and the same corporate owner. How did those choices end up together? Follow the takeover of an American icon, the purchase of craft breweries, the deal regulators forced apart, and the distribution decisions behind the beers that reach the shelf. Corona and Modelo have different commercial rights in the United States: Constellation owns the US beer business and holds exclusive, perpetual rights. This film distinguishes brand origins, corporate ownership and territorial rights. CHAPTERS 00:00 The choices in your fridge 00:58 Buying Your Choices 03:52 Craft, Incorporated 05:54 The Deal With a Catch 08:41 Who Gets on the Shelf 11:47 Two questions at the shelf PRIMARY SOURCES 2008 offer and board response: https://www.sec.gov/Archives/edgar/da... 2008 agreed acquisition: https://www.sec.gov/Archives/edgar/da... Goose Island acquisition, 2011: https://www.sec.gov/Archives/edgar/da... AB InBev 2015 annual report, including Camden Town: https://www.ab-inbev.com/content/dam/... US Senate hearing, December 2015—buyer and craft-brewer testimony: https://www.govinfo.gov/content/pkg/C... 2016 DOJ complaint: https://www.justice.gov/atr/file/8775... 2016 DOJ competitive impact statement: https://www.justice.gov/atr/file/8776... 2016 DOJ final judgment: https://www.justice.gov/atr/file/8775... 2013 Modelo settlement: https://www.justice.gov/archives/opa/... Constellation FY2026 Form 10-K, current US rights: https://ir.cbrands.com/sec-filings/al... AB InBev 2025 annual report: https://www.ab-inbev.com/news-media/n... Original Monopoly Theory documentary with AI-assisted narration, footage and authored animation. Generated scenes are editorial illustrations; factual claims are drawn from the sources above. Figures and competition remedies are identified by their historical date and market. PORTRAIT CREDITS Carlos Brito (photograph, 16 March 2011): Roberto Stuckert Filho / Presidência da República, via Dilma Rousseff and Wikimedia Commons. https://commons.wikimedia.org/wiki/Fi... — CC BY-SA 2.0: https://creativecommons.org/licenses/.... Proportionally resized; photograph remains uncropped. The original and any portrait adaptations retain CC BY-SA 2.0; include that license and permit reuse of the licensed components. No endorsement implied. Bob Pease portrait: crop from Jennifer Glanville, Robin Quinville, and Bob Pease, 21 October 2019, U.S. Embassy Berlin / U.S. Department of State; public-domain U.S. government work. https://commons.wikimedia.org/wiki/Fi... . Crop and proportional resizing; this is a 2019 identity photograph, not footage of the 2015 hearing. No endorsement implied. ARCHIVAL IMAGE Historical Budweiser advertisement: Anheuser-Busch, Evening Star (Washington, D.C.), 15 January 1906, page 11. Public-domain U.S. publication. Library of Congress, Chronicling America; original scan via Wikimedia Commons: https://commons.wikimedia.org/wiki/Fi... Original archive: https://chroniclingamerica.loc.gov/lc... 2015 recommended acquisition announcement (issuer filing): https://www.sec.gov/Archives/edgar/da...