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Hollywood Merger Frenzy Turns to Bidding for Billion-Dollar Production Companies

2 days ago   |   By The Wrap

After swallowing most of Hollywood's major entertainment companies, cash-rich financiers have now turned to the next tier of premium content companies: Indie studio A24, top-shelf production company Imagine Entertainment and star-driven boutiques like Reese Witherspoon's Hello Sunshine and LeBron James' SpringHill are among the targets of interest.
The sale prices for these companies - or at least the prices floated in the media - have stunned many in Hollywood with billion-dollar valuations and multiple bidders in the mix. A Bloomberg report said Nike and others were looking at James'...
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