The M&A wave: Is there a pattern to what looks like a spate of media deals?

Digital is forcing a fundamental change in how people consume media and in the very definition of a media company, say analysts

• On April 27, Bodhi Tree Systems, an arm of James Murdoch’s Lupa Systems, announced it was investing Rs 13,500 crore for a reported 40 per cent stake in the Rs 3,200-crore Viacom18, which houses 38 channels such as Colors and MTV, and owns an OTT, Voot.
• At the end of March 2022, India’s largest multiplex chain PVR merged with rival Inox Leisure to create an over 1,500-screen entity. It will now control over a fifth of all theatre screens in India.
• Earlier in December 2021, Sony and Zee merged to create India’s second largest media company after Disney-Star. The duo will control