Liberum Says AT&T Ruling `Opens the Floodgates' for Mergers

The transcript discusses the competition between Disney and Comcast for European media assets, particularly Sky. It highlights Fox's agnostic stance on who acquires Sky, focusing on the highest bidder. The conversation shifts to cord cutting trends, noting differences between the US and Europe, with lower pay TV penetration in Europe. The impact of Netflix is also mentioned. The discussion concludes with the potential for more media mergers and vertical integration, driven by recent rulings that favor such moves.

What are the implications of Fox's decision to put Sky on the block?

How does the pay TV market in Europe differ from that in the United States?

What role does Netflix play in the European pay TV landscape?

What factors might drive more mergers and acquisitions in the media sector?

Why would companies like Disney and Comcast be interested in owning Sky?