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☆ Inside Netflix's growing M&A machine, who's leading it, and what insiders think the streamer could buy next
  + stars: | 2023-06-21 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +9 min
It then delved further into M&A to kickstart its games business. And the streamer hasn't completely abandoned its build-from-within strategy, as it also announced plans last fall to build its own gaming studio in Finland. He recently was elevated to the Lstaff, a group of 25 Netflix business heads who debate its biggest initiatives. (Netflix ended up doing a partnership in 2019 with that company, Studio Dragon, and its parent CJ ENM.) But leadership has been steadfast that Netflix's M&A mantra hasn't changed.
Persons: Here's, Reed Hastings, It's, it's, who's, what's, Roald Dahl, Dahl, Peter Rabbit, Spry, Harry Potter, execs, Spencer Wang, Michael Porter, Spencer Neumann, who'd, Neumann, Wang, Greg Peters, Ted Sarandos, Bela Bajaria, Scott Stuber, Mike Verdu, Jay MacDonald, Digiday, Ana Milicevic, Hastings, Sarandos, CJ ENM, Mario Organizations: Netflix, stoke, Paramount, Night School, Spry Fox, Disney, Warner Bros, DC Comics, Digital Capital Advisors, MLB, Surf League, Street Journal, Microsoft, Sparrow Advisers, MGM, Amazon, Mario Bros, Activision Blizzard, Epic Games, UBS Locations: Finland, New Jersey, Hollywood
☆ S.Korea tells China ambassador it hopes for continued economic cooperation
  + stars: | 2023-05-19 | by ( Choonsik Yoo | ) www.reuters.com   time to read: +1 min
SEOUL, May 19 (Reuters) - South Korea's finance minister on Friday met the Chinese ambassador and discussed economic cooperation, as diplomatic tensions with Beijing put an additional dent on the already sluggish economy. The ministry said in a short message after the 30-minute meeting that Minister Choo Kyung-ho expressed his hopes for continued economic cooperation between the two countries on the basis of reciprocity and mutual respect. Choo, South Korea's highest economic and financial policymaker, also asked for support for preparations ahead of a bilateral economic ministers' meeting this year in Seoul, the statement added. The ministry did not disclose remarks by Ambassador Xing Haiming during the meeting, which was held after South Korea's ambassador to Washington said early this month Seoul would soon pursue senior-level engagements with Beijing. Share prices of South Korean companies with exposure to China business rose on Friday, with media content producer CJ ENM (035760.KQ) jumping 2.5% and online game developer Netmarble (251270.KS) rising 1.5%.
☆ Tubi CEO Farhad Massoudi on how FAST streamers superserve audiences and why Netflix and Disney+ have made the 'desperate' move to launch ad-supported tiers
  + stars: | 2022-12-15 | by ( Elaine Low | ) www.businessinsider.com   time to read: +4 min
Tubi CEO Farhad Massoudi, who is featured on Insider's list of 100 People Transforming Business, is bullish about the FAST player's future. "We're competing with irrational players," Massoudi said of big-spending subscription streamers. With over 51 million monthly active users, mostly in the US, Fox-owned Tubi is beating all of its internal projections, Massoudi told Insider. "It's one thing to license that massive library," Massoudi told Insider in an October interview. "The truth is, most of these streaming services are not and were never a viable business," asserts Massoudi.
☆ Kevin Hart sold a $100 million stake in his media company to private equity firm Abry. Here are 10 more Hollywood production shops that are hot M&A targets.
  + stars: | 2022-05-19 | by ( Natalie Jarvey | Elaine Low | Madeline Berg | ) www.businessinsider.com   time to read: +12 min
Abry Partners' $100 million stake in Kevin Hart's company HartBeat is the latest big M&A move in Hollywood. Dealmakers said production companies are valuable amid the streaming wars and demand for content. The M&A activity had top Hollywood dealmakers telling Insider in early 2022 that practically every independent production company is a target. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Based on January interviews with five entertainment industry experts and insiders, Insider identified a list of 10 production companies that could be compelling acquisition targets as M&A activity continues.
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