Cynthia Littleton Business EditorPrivate equity firms are ready to pounce on entertainment and IP assets.That’s the sentiment from industry insiders who are anticipating a wave of acquisition activity early next year.
The buying boom will be fueled by intriguing assets that quietly go on the market as the largest media conglomerates shed non-core properties.
The fact that content-rich companies like ViacomCBS, AT&T and even Disney to a lesser degree are under leverage pressure to slim down and focus on investing in new streaming platforms means that there will be unexpected opportunities for investors.Private equity buyers have been proliferating in Hollywood circles over the past few years.
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