While historically accounting for “just a fraction of the overall deal volumes,” they have “steadily grown in share from 24 percent in 2018 to 37 percent in the past year, representing a record $104 billion of announced deal value, including several notable SPAC transactions in the digital media and online gambling spaces,” PwC explained. Meanwhile, private equity deals in the broader media and telecom sector have reached record levels. No wonder then that podcasts, video games, mobile apps, cloud computing, online gambling, artificial intelligence and augmented and virtual reality software are “generating significant deal activity - particularly among private equity acquirers,” PwC said. The impact of digital disruption is also felt in the deals space.

“The recently announced acquisitions of Hello Sunshine, Moonbug Entertainment and Endeavor’s scripted content division commanded impressive valuations.”

In that context, “content producers have become increasingly valuable,” PwC wrote. These changes have compelled the key media players to re-evaluate their existing portfolios and decide how they want to deploy their existing capital and strategize for future growth.” “There has been a significant shift in consumer patterns coming out of the pandemic, changes to the political environment and significant M&A over the last couple of years. entertainment and media deals leader at PwC, tells The Hollywood Reporter. What impact does the state of the coronavirus pandemic have on deal activity and trends? “The real takeaway here is that transformative mega-deals in the media space may be on pause for the moment,” Bart Spiegel, U.S. “As we head into 2022, deal activity continues at a vigorous pace, though it remains to be seen if regulatory changes could slow down activity,” the professional services firm said. Swarovski Crystal Exhibit Highlights Gloves Worn by Lady Gaga and Michael Jackson And the value of announced deals in the space totaled a record $233 billion, PwC said. It noted that 804 announced deals, a 27 percent increase over the comparable 12-month period a year earlier. “Following a rebound in the second half of 2020,” the firm said, “2021 proved to be a strong year for M&A activity” in the space. High-profile content deals - such as the planned Discovery-WarnerMedia merger and Amazon’s takeover of MGM, along with special purpose acquisition company (SPAC) transactions - boosted M&A activity in the media and telecommunications industries for the past 12 months through mid-November, PricewaterhouseCoopers said in a Thursday report.

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