November 21, 2013, NEW YORK: Continued demands by consumers to access content anywhere, anytime, will help drive further deal activity in the entertainment, media and communications sector in the U.S., PwC reveals in its latest report.
PwC’s 3rd Quarter U.S. Entertainment, Media & Communications (EMC) Deal Insights survey out today observes a 9-percent boost in deal volume in 2013 so far to 648, following declines in 2011 and 2012. Further, deal value is up 55 percent to $207.2 billion, largely driven by “megadeals” in the broadcasting, telecom and advertising and marketing spheres. Private equity remains active in the EMC space, backing 20 percent of deals this year.
International expansion is also still important, PwC says, but announced deals declined to 126 this year compared with 158 in 2012.
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