h2 2020 | media talk
media talk | h2 2020
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MEDIA talk H2: 2020
A WORD FROM ANDY VINER GLOBAL HEAD OF MEDIA AND ENTERTAINMENT Media in 2020 proved to be a remarkably resilient sector, buoyed in particular by increased demand for entertainment and related services. Globally, the value of media-related M&A topped USD $130 billion, a figure that underscored the market’s staying power in a remarkably difficult year. And even though we saw a reduction in the number of deals announced in 2020, average deal values actually increased by around 14%. There was, of course, a significant divergence in how COVID-related restrictions affected different subsectors, with large numbers of companies directly vulnerable to lockdown policies and the newly cautious behaviour of consumers that went with them. While premiums were placed on assets and businesses with strong tech underpinnings and/or embedded data and digitalisation plans, deals targeting under-performing businesses were slower to materialise. Investors will now need to determine how to price in any necessary recovery period and the impact of corporate decisions taken to help businesses weather the storm.
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GLOBAL M&A: OVERVIEW
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UK MEDIA M&A: OVERVIEW
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UK MEDIA M&A: HOT SECTORS
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THE MEDIA PORTFOLIO
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SPOTLIGHT ON THE US
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LOOKING AHEAD TO 2021
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