A Top Dealmaker’s Media M&A Predictions

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 1.1K Ratings

🗓️ 25 January 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is joined by Joe Ravitch, the founder and partner at The Raine Group, to discuss the secret to a successful media merger, the dealmaking landscape in 2024, whether looming consolidation could hurt creatives in the industry, the appetite for tech companies to buy content companies, and more. Matt finishes the show with a prediction about John Stewart’s return to ‘The Daily Show.’ For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ click here. Email us your thoughts! thetown@spotify.com Host: Matt Belloni Guest: Joe Ravitch Producers: Craig Horlbeck and Jessie Lopez Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hi, I'm Assookwonga and I'm Ryan Hunt and we co-host Stadio, a football podcast on the Ring of Podcast Network.
0:06.7	If you like soccer or football, make sure you search for Stadio, a football podcast on Spotify or wherever you get your podcasts.
0:14.9	Being a marketer is no sweat. You just have to manage dozens of channels, launch hundreds of campaigns, score thousands of leads and...
0:20.9	Okay, fine, it's a lot of sweat.
0:23.1	Unless you have HubSpot's AI-powered marketing tools to help you do all that and more, get started at HubSpot.com slash marketers.
0:30.4	This episode is brought to you by LinkedIn. Hiring for your small business.
0:35.1	If you're not looking for professionals on LinkedIn, you're looking
0:37.7	in the wrong place. LinkedIn helps you hire professionals you can't find anywhere else. So next time
0:43.5	you're looking for quality professionals, join the 2.5 million SMBs who trust LinkedIn to find them
0:49.9	the perfect fit. With LinkedIn, you can hire professionals like a professional. Post your free job
0:56.0	on LinkedIn.com slash agree today. It is Thursday, January 25th. What's the secret to a successful
1:05.7	media merger? That's a very relevant question at this particular moment in Hollywood.
1:10.6	Several major companies
1:11.7	seem to be in play, or at least thinking about whether to buy, sell, or merge. But the history of
1:16.7	media is filled with big deals that didn't quite work out as planned. The biggest of all time,
1:21.5	AOL, gobbling up Time Warner for $182 billion at the height of the dot-com boom in 2000, that ended in a colossal disaster.
1:30.5	AT&T's acquisition of Time Warner also didn't work out, giving us the Warner Brothers Discovery
1:35.1	entity of today. Comcast, on the other hand, seems to be doing okay after buying NBC Universal
1:40.3	and combining content with cable and broadband services. Yet Disney's $71 billion deal for
1:46.6	most of Rupert Murdoch's Fox Empire in 2019 is still an open question. Last month, it was reported
1:52.7	that the CEOs of Warner Discovery and Paramount Global had lunch and discussed a merger. Yet the stock
1:58.0	market punished both of their share prices. The suggestion, don't do it. I've been thinking
	...

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