Media and entertainment deal volumes recover ground in Q2
| 20 August 2015
When it comes to consolidation and investment in the entertainment, media and communications space, deal volumes in Q2 rebounded from a sluggish start in 2015, as deal values reached their highest point in over two years.
According to a report from PwC, deal volumes recovered some lost ground in Q2, increasing by 6% to 208 deals. Deal values reached $76 billion in the quarter, compared to $39 billion last quarter, driven largely by the announced acquisition of Time Warner Cable by Charter Communications.
In total, there were seven megadeals (defined as those worth more than $1 billion) announced in second quarter, which accounted for 94% of total announced deal value during the time period.
"While deal volumes typically soften over the summer months, we anticipate the M&A market to remain robust into Q3'15 and beyond," PwC said in the report.
The top deals for the video sector cited were: Charter Communications/Time Warner Cable; Liberty Broadband/Charter Communications; Verizon Communications /AOL; Altice SA/Suddenlink.