Tag: PwC

M&A deal activity in the U.S. media sector fell 19 percent in the first half of this year compared to the second half of 2019, according to PwC, but digital and telco assets are still proving to be attractive assets amid the COVID-19 pandemic.

While deal volume in the U.S. media and telecommunications sector declined slightly in the second quarter, the value of merger and acquisition activity was up, fueled by megadeals, PwC said in a new report.

The U.S. streaming market is set to become even more crowded, according to PwC, with OTT revenues projected to hit $30.6 billion in 2022.

Deal volume in the U.S. media and telco sector reached a new high in Q1 2018 as companies clamor for premium content or technological capabilities, PwC said in a new report.

Live sports is one of the main reasons consumers are holding onto their pay-TV packages, PwC says in a new report, adding that “cord cutting has more momentum than ever before.”

Sports media rights revenues in the U.S. will surpass income from ticket sales in 2018, PwC reports, rising by 5.6 percent in 2018 to reach $20.1 billion.

There were 238 M&A deals in the U.S. media and telecommunications space in Q3, PwC reports, a 9-percent gain on the previous quarter.

The second quarter of this year saw 232 merger and acquisition deals in the U.S. media and telecommunications sector, according to PwC, down 9 percent on Q1 but higher than the 192 recorded in the same period last year.

PwC's latest Deals Insights report for the U.S. entertainment, media and communications sector expects merger and acquisition activity to remain robust, despite regulatory uncertainties and a tightening of investment from China.

Media rights will be the largest contributor to sports revenues in North America by 2018, PwC reports, with live streaming helping to fuel competition in the sector. At the Gate and Beyond explores the North American sports market through 2020. PwC valued the North American sports market at $63.9 billion in 2015, forecasting this will rise to $75.7 billion in 2020.