This Reuters item, via Forbes, could be the biggest case of leaping before looking in film journo world this week. And it’s only Monday!
Viacom Inc’s Paramount Pictures could merge with Sony Pictures, Universal Studios or another movie studio amid a wave of consolidation in the industry over the next few months, veteran investor Mario Gabelli said in the latest issue of Barron’s.
The chief executive of Gamco Investors Inc, who owns shares of Viacom, said he expects dealmaking among movie studios as they seek to cut costs…
‘Today there are seven or eight motion-picture studios. A round of consolidation will occur in the next six to 12 months because of the costs of financing, prints and advertising, the benefits of globalization and such,’ Gabelli said. ‘We hear talk of something going on.’
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