2014 Declared the "Year of the Megadeal" in Media Industry
This story first appeared in the Sep. 12 issue of The Hollywood Reporter magazine.
The Aug. 25 reveal that Amazon is buying game-streaming service Twitch for $970 million comes on the heels of a surge of media M&A activity from January to June.
Total deal value jumped to $148.1 billion in the first half of the year, compared with $48.4 billion in the same period a year earlier and $25.1 billion in 2012, prompting PricewaterhouseCoopers to declare 2014 the "year of the megadeal."
PwC analyst Bart Spiegel expects the trend to continue "as companies try to position themselves on the digital value chain." THR breaks down five major media deals on PwC's list.