As the media and entertainment industry faces unknowns and challenges over the next many months punctuated by continued economic uncertainty and the upcoming election, there's a parallel undercurrent of anticipation and excitement around mergers and acquisitions within the category, particularly in the global markets. Large-scale ($1B+) M&A transactions have definitively dropped from a consistent average of around 40 per year over the last 5 years to just 11 in 2023, but plenty of deals are still being done -- and the expectation is that factors such as interest rates dropping and the dissipation of election uncertainty, large-scale transactions are being ramping up again.
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