The Town with Matthew Belloni Winners and Losers of Hollywood Under Trump 2.0
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Nov 8, 2024 Sara Fischer, a senior media reporter at Axios known for her expertise in media and entertainment, joins to discuss Hollywood's future under a potential second Trump presidency. They delve into anticipated mergers and acquisitions, particularly with Warner Bros. Discovery. Fischer highlights challenges for big tech and TikTok's uncertain future in the U.S. The conversation also touches on Disney's leadership amid political pressures and rumors about a new 'Star Wars' trilogy, sparking exciting industry implications.
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Trump's Impact on M&A
- Media companies want deregulation and easier mergers and acquisitions (M&A).
- Trump's vindictiveness and attention to media loyalty complicate this.
AT&T Time Warner Merger
- The Trump DOJ targeted AT&T's Time Warner merger, likely due to Trump's dislike of CNN.
- This delay arguably hampered AT&T's content ambitions.
Favoritism in M&A
- Trump's close relationships with certain media figures might influence M&A approvals.
- Companies like Skydance Paramount might find smoother processes under Trump.