A Merger Wave Sped Up by the Pandemic Will Transform Hollywood

WAXWORD

A paradox: The number of companies that distribute mass entertainment is shrinking even as the volume of content is exploding

The change that has come to Hollywood is speeding up, not slowing down.

Two mega-mergers in rapid succession – Discovery merging with WarnerMedia in a $40 billion deal and Amazon buying MGM for $8.45 billion, both in the month of May — should tell you something about the velocity of change that is underway.

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Sharon Waxman

Sharon Waxman

Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times.