Entertainment, media and communications M&A activity in 2Q topped $76B

Acquisitions in the U.S. entertainment, media and communications sector grew in the second quarter with deal value reaching $76 billion, compared to $39 billion in the first quarter of 2015, according to a quarterly report by PriceWaterhouseCoopers. Much of the deals were driven by the cable TV industry's transformation, according to PwC. In particular, two megadeals including Charter Communications' (NASDAQ: CHTR)  proposed acquisition of Time Warner Cable (NYSE: TWC) valued at $55.6 billion, which would give it access to 23.9 million customers; and Liberty Broadband Corp.'s $4.3 billion investment in Charter, which is contingent upon the completion of the Charter/Time Warner deal.  

Meanwhile, overall second quarter 2015 deal volume, which declined in the first quarter, recovered some lost ground in the second quarter with 208 M&A deals across the advertising & marketing, publishing and Internet & information subsectors.  PwC expects M&A activity in these areas to remain robust in third quarter as well.  Report

Suggested Articles

The service, which is owned by Viacom, said it launched today on X1. It was already available on Xfinity Flex, a streaming video platform service Comcast…

The U.S. streaming video market is on the cusp of big expansion – with players like Apple, Disney and WarnerMedia joining the fray – and it’s going to fuel…

AT&T is planning to officially launch its new streaming version of the full DirecTV product in the third quarter of 2019 and John Donovan, CEO of AT&T…