Analyst names possible targets like Spotify, stocks to watch
There is a “big battle” going on in the media industry, according to one analyst, who said it appeared to be one of the biggest areas for mergers and acquisitions this year.
Cyrus Mewawalla, head of thematic research at analytics firm GlobalData, said there were growing tensions as big tech invaded the traditional media space. Speaking to CNBC last week – after Amazon ad that he would buy MGM Studios for $ 8.45 billion – he said more consolidation in the media industry was “inevitable”.
Amazon could even look to acquire more companies in the sector to bolster its credibility and help it compete with its biggest streaming rival Netflix, he added.
“I think the media will be one of the biggest areas of M&A consolidation in the rest of the year, and you have a whole bunch of businesses that could be acquired,” Mewawalla said, naming four companies. to monitor: