In 2024, Hollywood saw a year of groundbreaking mergers and acquisitions that reshaped the entertainment landscape. From high-profile studio mergers to transformative sports deals, the industry witnessed some of its most impactful business moves in recent history. These deals not only reflect Hollywood’s ever-changing dynamics but also signal the strategic shifts being made by key players in response to new consumer preferences and the digital evolution of media. This year’s major dealmakers, from top executives to legal experts, have been pivotal in navigating complex negotiations, ensuring that their companies are positioned for future success in a rapidly changing market.
1. Skydance and Paramount Merger
In a groundbreaking deal, Skydance Media acquired National Amusements and merged with Paramount Global, creating a new media powerhouse. Spearheaded by David Ellison and Shari Redstone, this $8 billion deal will shape the future of entertainment, including Paramount’s film, TV, and streaming divisions.
Dealmakers: Attorneys from top firms like Ropes & Gray and Simpson Thacher played pivotal roles in finalizing the deal.
2. NBA’s $76 Billion Sports Rights Deal
The NBA secured landmark 11-year deals with Disney, NBC, and Amazon for $76 billion, revolutionizing sports broadcasting with new game schedules across streaming and broadcast platforms.
Dealmakers: Key figures from Disney, Amazon, and the NBA were instrumental in crafting these innovative agreements.
3. Labor Peace in Hollywood
After months of uncertainty, major unions such as IATSE and the Hollywood Basic Crafts reached agreements with studios, ensuring stable labor relations in Hollywood for the year ahead.
Dealmakers: Union leaders and industry negotiators collaborated closely to avert further disruptions.
4. Netflix’s WWE Deal
Netflix invested in WWE’s Raw, marking its biggest live programming commitment ever, significantly expanding WWE’s global reach across streaming platforms.
Dealmakers: Executives from WWE and Netflix, including Bela Bajaria, worked on this transformative sports media deal.
5. Walmart’s Vizio Acquisition
Walmart made a strategic move by purchasing Vizio for $2.3 billion to compete in the connected TV advertising market, signaling its entrance into the competitive streaming landscape.
Dealmakers: Legal experts from Hogan Lovells and Wilson Sonsini guided Walmart through the acquisition.
6. Disney’s Epic Games Investment
Disney made a bold $1.5 billion investment in Epic Games, tying its future success to Fortnite’s platform, signaling a new direction in digital and gaming entertainment.
Dealmakers: Disney’s top executives, including Josh D’Amaro, oversaw this strategic investment.
7. Sony’s Alamo Drafthouse Acquisition
Sony’s acquisition of Alamo Drafthouse marks its return to owning a cinema chain, solidifying its commitment to the theatrical experience while expanding its reach to consumers.
Dealmakers: Sony executives like Maria Anguelova led the deal, with Alamo’s Michael Kustermann continuing to run operations.
8. Theme Park Giants Unite
Six Flags and Cedar Fair merged in an $8 billion deal, creating an entertainment giant that will compete directly with Universal and Disney’s theme park empire.
Dealmakers: Legal teams from Kirkland & Ellis played a major role in facilitating the merger.
9. Endeavor Goes Private
Endeavor, owner of WME, is planning to go private in a deal led by Silver Lake, shifting its focus back to growing its portfolio of talent and sports-related assets.
Dealmakers: Legal and financial experts from Latham & Watkins and Cravath Swaine & Moore advised on the transition.
hollywoods-major-dealmakers-key-mergers-acquisitions-reshaping-2024
10. RedBird IMI Expands with All3Media
Jeff Zucker’s RedBird IMI acquired All3Media, the U.K.’s largest TV producer, marking a major expansion in global content production.
Dealmakers: Attorneys from Gibson Dunn and DLA Piper worked on this significant acquisition.