According to new PwC analysis of M&A deals across the European entertainment and media industry in 2014, the rebound in deals value since the post financial crisis trough has been far more marked than the recovery in deal volumes. Aggregate media deal value in 2013 and 2014 was three times the annual levels of 2010-2012 – an increase that reflects the return of ‘megadeals’ in the media space over the past two years, particularly in the cable and satellite sector.
In the UK, the top 10 entertainment and media deals were led by transactions in the television, publishing and marketing services sectors.
|Top 10 UK Entertainment & Media deals in 2014|
|Date||Target||Acquiror||Sector||Deal Value (€m)|
|March 2014||Trader Media Group Holdings Ltd (50.1%)||Apax Partners LLP||Online||1,433|
|December 2014||Endemol (28% Stake), CORE Media, Shine Group||Twenty-First Century Fox, Apollo Global Management||Television||786|
|August 2014||All3Media Ltd||Liberty Global, Discovery Holding||Television||671|
|September 2014||Channel 5 Broadcasting Ltd||Viacom Inc||Television||548|
|December 2014||Perform Group PLC||AI PG LLC||Marketing Services||498|
|February 2014||Mergermarket Ltd||BC Partners Ltd||B2B Media||459|
|October 2014||Gorkana Group Limited||Cision AB||Marketing Services||253|
|July 2014||CSC Media Group Ltd||Sony Corp||Television||134|
|August 2014||Engine Group Ltd||Lake Capital Partners Inc||Marketing Services||126|
|May 2014||Jobsite UK (Worldwide) Ltd||Axel Springer SE||Online||110|