. home.aspx

NEWS

home.aspx
   


Sector convergence in media and entertainment sees divestment intent remain at high levels

April 01, 2019 / thechestnutpost

Divestment appetite among media and entertainment (M&E) companies remains at near-record highs, according to the EY Media & Entertainment Global Corporate Divestment Study. The study reveals that 80% of global sector respondents plan to divest in the next two years – up from 33% in 2017 and down slightly from 87% in 2018 –  as they seek funds to invest in digital capabilities and to focus on core assets.The study indicates that 75% of companies anticipate more large-scale transformational divestments in the next 12 months. With the line between technology, M&E and telecommunications companies increasingly blurring, 68% say convergence is most likely to drive divestment decisions in the next year, while 58% have reinvested proceeds from their last divestment in new products, markets and geographies.Will Fisher, EY Global Media & Entertainment Transactions Leader, says:“Technology-driven convergence, the increasing importance of exclusive content an...