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Report: Media and entertainment M&A activity increased last year

Published on .

New York—The number of M&A deals in the entertainment and media sector increased to 804 transactions last year, a gain of 3% over 2009, according to PwC.

Aggregate deal value dropped to $33.5 billion last year, a decline of 10%. PwC, however, said it believes corporate cash reserves will contribute to a growing M&A market in the media and entertainment sector this year.

“As the entertainment and media industry accelerates its transition to mobile access and dynamic content, cash reserves and improved debt financing conditions will allow companies and private equity firms to execute on M&A strategies focused on content offerings and to reach key audiences amid an increasingly digital environment,” Thomas M. Rooney, U.S. entertainment and media M&A leader, PwC, said in a statement.

PwC also noted that a “maturing wall” of debt in 2013-15—when more than $145 billion of entertainment and media industry debt will come due—may place a drag on future M&A activity.

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