There is a “massive battle” going down within the media trade, in line with one analyst, who stated it regarded set to be one of many greatest sectors for mergers and acquisitions this 12 months.
Cyrus Mewawalla, head of thematic analysis at analytics agency GlobalData, stated there have been rising tensions as Massive Tech invaded the normal media area. Chatting with CNBC final week —after Amazon introduced that it could 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 feel media can be one of many greatest sectors for M&A consolidation in the remainder of this 12 months, and you have an entire bunch of firms which may be up for acquisition,” Mewawalla stated, naming 4 firms to observe:
Elon Musk, the CEO of Tesla. Christophe Gateau/image alliance by way of Getty Pictures Tes…