The media industry is undergoing an unprecedented and protracted period of structural change that is creating significant challenges and opportunities for the management and investors of both traditional and new media companies.
As a rapidly growing medium in its own right and as a means of distribution for new and traditional media companies, the internet’s influence is pervasive. Reduced barriers to entry in certain media sub-sectors have seen new competitors, often with new business models, emerge. For many traditional companies, this dynamic is a driver of increased organic investment and M&A as they seek to defend their existing markets or access new revenue streams. Many areas of media are highly regulated, although online is a notable exception. Understanding the likely evolution of the regulatory environment is an important consideration in mapping out the future media landscape.
At IBIS Capital, we believe that this period of heightened industry complexity lends itself to a specialist approach.
