Magazine article Variety

More Deal Action Could Spring from DWA Talks

Magazine article Variety

More Deal Action Could Spring from DWA Talks

Article excerpt

The prospect of softbank offering to buy DreamWorks Animation for $3.4 billion reaffirms the value of content, even as it questions its primacy.

Distribution companies such as Comcast and Amazon are finding themselves with the financial heft and the strategic need to be buyers, while those who create movies and television shows should expect to field offers.

"Though companies like to say content is king, it's not king without distribution," said media analyst Hal Vogel.

The play for DreamWorks Animation was stunning, but Wall Street had better get used to these kinds of moves. 21st Century Fox's failed play for Time Warner in the summer may have ignited a fresh wave of content M&A activity.

Eyes now turn to other midrange outfits such as MGM and Lionsgate, which could find themselves attractive targets. Some suspect Rupert Murdoch could make another move on Time Warner. A similar domino effect hit the cable space, prompting deals between Time Warner Cable and Comcast, and AT&T and TCI. …

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