Media Spin Cycle: M&A Outlook For 2025

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The media industry closes out 2024 in a landscape very different than a year ago and perhaps looking up as the biggest players begin to manage the confounding decline of linear television.

Paramount Global’s sale to Skydance Media, followed by Comcast‘s spin-off of its cable networks into a new company, both still to close, are transformational.

Silver Lake taking Endeavor private, Sony Pictures Entertainment buying the Alamo Drafthouse theater chain, and Disney investing $1.5 billion for an equity stake in Epic Games, are notable.

NFL owners voted to let institutional investors buy minority stakes in teams. Omnicom is acquiring Interpublic, reshaping the advertising landscape.

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