There is a “massive battle” going down within the media trade, in keeping with one analyst, who stated it appeared set to be one of many greatest sectors for mergers and acquisitions this yr.
Cyrus Mewawalla, head of thematic analysis at analytics agency GlobalData, stated there have been rising tensions as Huge Tech invaded the standard media house. Chatting with CNBC final week —after Amazon introduced that it might purchase MGM Studios for $8.45 billion — he stated that extra consolidation within the media trade was “inevitable.”
Amazon might even be seeking to purchase extra firms within the sector to spice up its credibility and assist it compete with its greatest streaming rival Netflix, he added.
“I believe media can be one of many greatest sectors for M&A consolidation in the remainder of this yr, and you have a complete bunch of firms that could be up for acquisition,” Mewawalla stated, naming 4 firms to observe: