In my last two weekly columns, I discussed M&a in the worlds of media and entertainment. Consider this the third in my M&a trilogy. Here I focus on perhaps the single biggest threat to all media and entertainment M&a — i.e., the Department of Justice (DOJ) and its increasing heightened antitrust scrutiny of proposed deals.
It’s that scrutiny — and even the perceived threat or expectation of that scrutiny — that is chilling the mega-media M&a air this fall season. After all, Big Tech’s problem certainly isn’t money. Rather, it’s the widely held belief that those Silicon Valley behemoths are too big, too controlling, too powerful and simply too destructive to smaller players and overall competition (and the consumers who benefit from a more vibrant playing field). Antitrust is the one seemingly sure stop to the otherwise unstoppable.
In an era of increasing schism in the U.
It’s that scrutiny — and even the perceived threat or expectation of that scrutiny — that is chilling the mega-media M&a air this fall season. After all, Big Tech’s problem certainly isn’t money. Rather, it’s the widely held belief that those Silicon Valley behemoths are too big, too controlling, too powerful and simply too destructive to smaller players and overall competition (and the consumers who benefit from a more vibrant playing field). Antitrust is the one seemingly sure stop to the otherwise unstoppable.
In an era of increasing schism in the U.
- 10/25/2022
- by Peter Csathy
- The Wrap
Erik Hodge, who leads the Los Angeles office of New York-based The Raine Group, thinks things are a bit risky in Hollywood at the moment.
“Bob Iger said this — and it’s always a good idea to say what he says — there’s a lot of anxiety,” Hodge said on Wednesday’s TheGrill panel “Merger Mania: Behind the Mega Deals in Media & Entertainment. And that’s just a fact, we (are in) a global situation that’s unsettling. The stock market is down; media companies are down 40 and more.”
However, Hodge — as well as others featured on the panel moderated by Creative Media Chairman Peter Csathy — said Hollywood is in a period of transition, not a free falI, and that includes mergers and acquisitions.
“You have a company like Netflix, which was kind of leading the charge, that now has to transition from a single revenue stream business to a [multiple stream] business,...
“Bob Iger said this — and it’s always a good idea to say what he says — there’s a lot of anxiety,” Hodge said on Wednesday’s TheGrill panel “Merger Mania: Behind the Mega Deals in Media & Entertainment. And that’s just a fact, we (are in) a global situation that’s unsettling. The stock market is down; media companies are down 40 and more.”
However, Hodge — as well as others featured on the panel moderated by Creative Media Chairman Peter Csathy — said Hollywood is in a period of transition, not a free falI, and that includes mergers and acquisitions.
“You have a company like Netflix, which was kind of leading the charge, that now has to transition from a single revenue stream business to a [multiple stream] business,...
- 10/13/2022
- by Diane Haithman
- The Wrap
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