In the “2007 M&A Insights—U.S. Entertainment and Media Industry” report, PricewaterhouseCoopers projects that 132 deals announced last year are scheduled to close this year, in addition to deals not yet announced.
“We expect private equity buyers to pick up speed this year as funds continue raising record amounts of money and firms continue to invest in the E&M sector,” said Thomas Rooney, transaction services leader of the U.S. Entertainment & Media Practice at PricewaterhouseCoopers.
Last year, a total of 282 deals valued at $114.60 billion were completed, the highest level since 2002, when the deal value was $118.60 billion.
PricewaterhouseCoopers projected that media deal activity this year will be even more robust.