By Jake Kanter International TV Editor EXCLUSIVE: The coronavirus pandemic is likely to present investment opportunities for industry consolidators, as production companies seek a cash boost amid the chaos of the film and TV shutdown, according to M&A experts.
Independent producers have been at the mercy of the virus, with the filming hiatus hitting revenues and reserves. A recent study by UK producer trade body Pact found that indies have lost £250M ($310M) as a result of the COVID-19 crisis, with industry observers expecting there to be casualties.
It’s in this environment that well-financed buyers could spot an opportunity, according to two mergers and acquisitions brokers, who have been involved in some of the biggest production deals
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