Mergers, Acquisitions & Divestments

Phillip Covell

Historically the Film & TV industry goes through its own natural cycles of consolidation and fragmentation, merger, acquisition, and divestment, typically running over a 7 to 10 year period. The industry has traditionally seen strong growth and new emergent companies when there is a significant volume of work or adoption of new technologies, and consolidation in hard times. The industry is currently in a period of consolidation.

 

Consolidation is the current name of the game among media outlets, while the strikes of 2023 and long-lasting effects of the Pandemic have left many companies in the sector’s supply chain struggling or with low cash reserves and either seeking merger or acquisition in order to achieve cost-efficiencies or bolster their cashflow and ability to survive.

 

I have been a part of a team that acquired a number of companies in the UK Film & TV sector building a PLC listed group.

 

In 2021 I proposed a special purpose acquisition company (SPAC) in order to fund the consolidation of a number of assets in the Film & TV supply chain, and a number of these companies have since been acquired by a company actively investing in the Film & TV sector.

 

Whether you are in a position of merger and acquisition or divestment, I am able to advise your company accordingly, building teams with specialist knowledge to identify relevant assets and cost efficiencies.