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Twitter, Activision Blizzard Boost First-Half Media M&A, But Big Entertainment Deals Face Slowdown, PwC Says In Outlook
Media and telecom M&A activity was lively in the first half of 2022 with deals for the 12 months ending May 15 totaling 1,014, up 28% year-on-year, with a record total value $469 billion. The tally was inflated by Elon Musk's high-profile $44 billion bid for Twitter and Microsoft's planned $68 billion acquisition of Ac…
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0 Comments Comment on Twitter, Activision Blizzard Boost First-Half Media M&A, But Big Entertainment Deals Face Slowdown, PwC Says In Outlook
CAA Lifts James Burtson To President, Hires PwC’s Carol Sawdye As CFO; Richard Lovett, Kevin Huvane, Bryan Lourd Remain Co-Chairmen
CAA has elevated its chief financial officer, James Burtson, to president, and brought in former PwC exec Carol Sawdye as CFO.
One of the company’s three co-chairmen, Richard Lovett, previously held the title of president. He and fellow co-chairs Kevin Huvane and Bryan Lourd will continue in their leadership roles…
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By Dade Hayes
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PwC Study Reveals Hollywood Has a Trust Problem
A spate of high-profile cyberattacks — on Sony Pictures Entertainment, HBO, Netflix and the Walt Disney Co. — have given the entertainment industry an image problem.
Consumers have little faith in the industry's ability to safeguard their data or respect their privacy preferences, according to the newly released CIS…
Netflix, Amazon Revenues To Overtake UK Box Office By 2021, PWC Predicts
Revenues from streaming services like Netflix and Amazon are predicted to overtake UK theatrical box office by 2021, according to a new report from PwC. The consultancy expects that internet on-demand video will grow by more than 30% in the next few years, to hit at least £1.4B by 2021, exceeding spend at…
Internet Spending Will Continue to Propel Media Industry Growth To 2021 – Study
Consumer and advertiser lust for internet-delivered content will help to lift total spending on U.S. media and entertainment to $759.1 billion in 2021, a 19.5% increase over last year, consulting firm PwC predicts today in its 18th annual Global Entertainment and Media Outlook — a widely followed five-year…
Two PwC Accountants Responsible For Oscar Best Pic Snafu Won’t Return, Says Cheryl Boone Isaacs
The Academy of Motion Pictures Arts and Sciences’ president told the Associated Press that the two accountants responsible for the biggest blunder in Oscar history — Brian Cullinan and Martha Ruiz — will not return to the Oscar show. An Academy spokesperson also confirmed the news. Cheryl Boone Isaacs broke her…
Surging Internet Spending Will Drive Media Growth To 2020: Study
Last year was the first in which U.S. consumers spent more to access the internet than they did to watch TV and video. And the second shoe will drop in 2017 when advertisers will spend more on the internet than on TV, professional services firm PwC projects today in its 17th annual 5-year Global Entertainment and Medi…
Electronic Platforms Will Drive Hollywood Growth Through 2019 – Forecast
There’s encouraging news for Hollywood in the latest annual five-year business forecast from consulting firm PwC. After four years of declining U.S. filmed entertainment revenues, hitting a recent low of $28.2 billion last year, the latest projection anticipates $29.1 billion in 2015 consistently rising to $35.3…
Media Dealmakers Waiting To See What Happens To AT&T And Comcast – Report
Media megadeals will continue to percolate in 2015, increasingly driven by private-equity companies eager to take advantage of today’s low interest rates. But they might not hit the heady dollar amounts seen last year — driven by AT&T’s planned acquisition of DirecTV and Comcast’s with Time Warner Cable — according to…
NYC Passes Tokyo As Top Entertainment & Media Spender – Report
The Big Apple took the top spot in 2014 by accounting for $19.7 billion in entertainment and media spending, ahead of Tokyo’s $19.5 billion, according to a report out today from research and consulting firm PwC. NYC likely will remain the industry capital through 2018, with outlays increasing an average of 4.5% a year…
PwC Taps Martha Ruiz To Help Oversee Oscar Results
Here’s something for you hard-core Oscar fans who can’t get enough information about the awards — or want to know about the most glamorous job in tax consulting: Financial advisory firm PwC just announced that Rick Rosas, who has been balloting co-leader for 14 years, won’t handle the chore this year. Tax specialist…
Movie Ticket Prices Are Too Damn High, 2014 Summer B.O. Collapse Study Finds
Bad news for theater owners: High ticket prices were the biggest culprit in the 21% year-over-year decline in domestic box office revenues last summer, research and consulting firm PwC reports today based on a survey of 1,044 consumers in October and November. Some 53% of the respondents cited the rising admission…
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