Celebs in News
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related Rumors
Warner Bros USA Turkey Netflix reports information sports EON Provident Enterprise Warner Bros USA Turkey Netflix

Is Media M&A Industrial Logic Or Wishful Thinking? Either Way, Deals Likely To Pick Up After Slow 2023

Reading now: 276
deadline.com

A favorite and feverish game from Wall Street to Hollywood heading into 2024 is pairing up media companies, or pieces of them, to see what fits where in a high-stakes jigsaw puzzle that will shape the future of the industry.

Ongoing streaming losses, anticipated interest rate cuts (that could lower financing costs), more robust stock prices and the end of WGA and SAG-AFTRA strikes — as well as actual, high-level conversations — have many believing that sluggish media M&A of all sizes could pick up dramatically in the new year.

Just in this last week of 2023, Warner Bros. Discovery acquired Turkish streaming service BlueTV, Altice USA sold financial news streamer Cheddar and Lionsgate closed its acquisition of eOne.

There’s a logic to bigger deals as well. With Disney being “the only scaled legacy media company,” wrote Vijay Jayant of Evercore ISI, “a merger of some combination of NBCUniversal, Paramount, and Warner Bros Discovery has strong economic rationale.” He sees as much as $5.5 billion in synergy cost savings in a Paramount-WBD merger, for instance.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA