Media and entertainment deal volumes recover ground in Q2

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 MA 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.

Article source: http://www.rapidtvnews.com/2015082039551/media-and-entertainment-deal-volumes-recover-ground-in-q2.html

Other Related posts:

  1. Suddenlink loses 29,400 subscribers in Q2, calls losing Viacom a diminishing factor Suddenlink Communications continues to lose basic video subscribers after failing...
  2. Altice already in talks with TWC, as Suddenlink’s Kent confirms departure Altice SA’s lightning-quick entry into the U.S. cable market continued...
  3. Charter closing in on $55B purchase of TWC, reports say Charter Communications (NASDAQ: CHTR) is closing in on a long-anticipated...
  4. 2014 M&A deals to “be felt by consumers for a long time to come” In its report, Momentum builds: US entertainment, media and communications...
  5. UK entertainment and media market to be worth £66.6BN by 2019 The company’s latest Global Entertainment Media Outlook found that the...