BUZZ-BofA expects more favorable regulatory backdrop for M&A in media industry in 2025

Reuters
2024-12-20

** Incoming administration of President-elect Donald Trump likely to have more favorable regulatory environment for media and cable M&A, BofA Securities says

** Warner Bros Discovery is possibly attractive partner for Comcast's SpinCo - brokerage

** Cruise ships could be another growth vector for Walt Disney ; brings brand to new markets - brokerage

** Live Nation Entertainment is best positioned to benefit from live entertainment demand; likelihood for a DOJ settlement with LYV has increased - brokerage

** Opening of NBCUniversal's Epic Universe theme park in May 2025 will be a boost for CMCSA; likely lift overall visitation to the Orlando area - brokerage

** BofA says music has potential, but value proposition for Superfans - highly engaged fans who spend above average time on music or music-related products - is uncertain; remains bullish on Spotify

** Cable industry broadband subscriber losses should improve next year vs. 2024 - brokerage

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; ))

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