Hollywood Huddle: Media Companies Headed To Bundles, M&A In 2024 ...Middle East

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Hollywood Huddle: Media Companies Headed To Bundles, M&A In 2024
getty When it’s cold outside, even metaphorically, huddling together is a smart strategy. And baby, to paraphrase the holiday song, it’s definitely cold outside for the major Hollywood media companies. Expect a lot of huddling ahead, whether it’s mergers & acquisitions or proliferating bundles of supposedly competing streaming services. The Great Rebundling, and almost-certain M&A-driven corporate consolidation, come after a difficult 2023 punctuated by two historic strikes that cost the industry and related sectors more than $6 billion, billions more in losses from streaming ventures, and continued decline in traditional theatrical, cable and broadcast. In one modest irony, the actor and

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