It’s a fundamental business principle: When hard times hit, leaders of struggling companies feel the urge to merge with stronger rivals.
As the new year begins, Hollywood’s largest media conglomerates are hip-deep in a cycle of merger-and-acquisition mania after years of disruption in traditional TV and film, and a particularly chaotic year in 2023. But in the present climate, is getting bigger really the answer?
Well there is no clear answer, but the latest numbers by the newly formed Warner Discovery may give us some signaling...