Best of Bloomberg Intelligence (03/22/2022)

The transcript discusses Amazon's acquisition of MGM for $8.5 billion, highlighting its impact on the media industry and setting a valuation benchmark for other studios. It explores potential acquirers beyond Amazon, focusing on tech companies like Apple and Google, and the ongoing consolidation in the media sector due to the streaming wars.

What was the significance of Amazon's acquisition of MGM?

• It marked the end of the streaming wars.

• It was a minor deal with little impact.

• It was the first acquisition by Amazon.

• It set a valuation benchmark for other studios.

How did the Amazon-MGM deal affect the landscape of independent studios?

• It set a benchmark valuation for remaining studios.

• It had no impact on independent studios.

• It increased the number of independent studios.

• It led to the closure of independent studios.

Which companies are likely to be future acquirers in the media space?

• Small independent studios

• Tech giants like Apple and Google

• Traditional media companies

• Local broadcasting networks

What strategy is Amazon pursuing in the media space beyond the MGM acquisition?

• Exiting the media space

• Partnering with local studios

• Acquiring sports rights aggressively

• Focusing solely on movie production

What challenge do smaller media players face in the current market?

• They can easily compete with tech giants.

• They may need to consolidate to survive.

• They are unaffected by market changes.

• They have too much financial power.