Media and entertainment executives are so bullish on their industry that half are itching to make an acquisition during the next 12 months, according to a new report from EY (formerly Ernst & Young). The research firm surveyed 70 M&E execs on a range of issues, including mergers. In 2013, only 23 percent of the executives said they’d pursue an acquisition within 12 months; in 2014, the figure had climbed to 40 percent. Now it’s 50 percent, and among those, 89 percent are looking at foreign companies.
Source: Half of Media Executives Want an Acquisition Within a Year: Survey – Hollywood Reporter