As of August, just $1.48 billion of private-equity capital has flown into the entertainment sector this year, a far cry from the $10.27 billion invested in the whole of 2022.
Warner Bros. Discovery stock has outshone all other S&P 500 peers including Tesla and Meta so far in 2023, thanks to its Harry Potter-themed hit game "Hogwarts Legacy."
Hybe, which manages BTS, offered to buy a 25% stake in SM Entertainment on top of its previous 14.8% purchase, as a tense fight for K-pop control ensues.
Nexstar Media Group, Inc. (NASDAQ:NXST) is the largest television station owner in the US. In early October, the company announced the acquisition of 75% of the CW Network’s stake from Warner Bros.