to merge its multichannel streaming service Hulu + Live TV with its competitor Fubo TV, shaking up the streaming TV business. The news comes as many in Hollywood and on Wall Street arein deal volume in the media-tech-telecom space, especially if the second administration of Donald Trump turns out to be as open to M&A as widely expected.
Morgan Stanley analyst Benjamin Swinburne cautioned though in a Dec. 18, emphasizing that “M&A often takes longer to play out than the market expects.”Warners and Comcast Have Lots of Deal Options will have to have an organic business plan and media executives will likely have to wait until at least 2026 for SpinCo to be a true free agent.”
While most on Wall Street see DC as a core part of the conglomerate, FBN’s Routh sees an option ahead to boost the market value investors assign to it. “Warner Brothers Discovery will consider taking DC Comics public as the valuation it would get is likely much higher than what is currently reflected in the public equity,” he tellsEntering 2024, talk of bundling streaming services akin to traditional pay-TV bundles was all the rage.
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