Kevin Mayer teases further acquisitions from Blackstone-backed companies – deadline

Former Disney and TikTok executives Kevin mayer We invited an audience at today’s RTS convention in the UK to pitch the name of his new yet untitled media company backed by investment firm Blackstone.He may come up with it right away, as a clothing takeover drive that saw it secure a Megabucks deal For Reese Witherspoon’s Hello Sunshine, Doesn’t seem to be set to fade quickly.

This week, Mayer’s company Under negotiation The acquisition of Will Smith and Jada Pinkett Smith’s Westbrook, Inc. marked the second major acquisition. Executives today teased that the deal wouldn’t end there.

“”[Hello Sunshine] It will be part of a larger whole. We intend to satisfy every audience by incorporating businesses and brands that define other categories, “he commented, and although he couldn’t spill beans on a particular acquisition, they” considered some. I have. “

Meyer and co-chief Tom Stags said they were looking “around the world” for other media companies to buy, and did not deny that the UK was a place for future trading. .. However, he ruled out channel 4 transactions. “We haven’t bought a broadcaster,” he asserted.

The Hello Sunshine Agreement is reportedly worth $ 900 million, and it is understood that the Mayer and Stags companies have at least $ 2 billion from Blackstone. Imagine Entertainment, a costume produced by Ron Howard and Brian Grazer, is also reportedly being considered.

“We’re trying to serve viewers around the world in a way built for the future,” Meyer said, saying his company is about “content, commerce, and community.” Suggested to be an important part of (his short but formative 3 months at TikTok).

The executive is also chairman of the board of directors of Streamer DAZN, and in today’s talk he hinted at a big plan for a sports-focused company.

“We’re not trying to stir the pot just to get significant rights,” he said. “I want to see the Premier League on DAZN in the future. It’s a huge market, an incredibly popular sport and a quality experience. Of course, we want it.”

DAZN was not invited to the bidding table in the latest round of Premier League UK broadcast rights negotiations. Sky Sports, BT Sport, Amazon Prime Video and BBC Sport have agreed to extend their current contract for three years, which will last until 2025. Meyer described it as an “abnormal situation” and said DAZN wanted to be at the table in the future.

Is it due to the rumored acquisition of BT Sport? Meyer didn’t crush the rumors, but admitted that news about potential deals had recently quieted. “We want to finally host the Premier League. There are many routes to get there. BT Sport is a great business,” he said.

But don’t expect DAZN to immediately vie for Premier League rights in the United States. “I don’t think it’s wise for DAZN to really focus on the United States. It’s a very competitive market. We’re going to take a fairly light approach to the United States, but that’s our core strategy. It’s not part of, “he continued.

Kevin Mayer teases further acquisitions from Blackstone-backed companies – deadline

Source link Kevin Mayer teases further acquisitions from Blackstone-backed companies – deadline

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