Former Disney and TikTok govt Kevin Mayer invited the viewers at right this moment’s RTS Conference within the UK to pitch names for his new, nonetheless untitled media firm, which is backed by funding agency Blackstone. He may wish to give you one quickly, because the outfit’s high-profile acquisition drive, which has seen it safe a megabucks deal for Reese Witherspoon’s Whats up Sunshine, doesn’t look set to abate any time quickly.
This week, it was reported that Mayer’s firm is in talks to amass Will Smith and Jada Pinkett Smith’s Westbrook Inc, marking its second main purchase, and the exec right this moment teased that the offers gained’t finish there.
“[Hello Sunshine] will probably be half of a bigger complete. We’re going to usher in different category-defining companies and types that can fill out a complete spectrum of audiences,” he commented, including that he couldn’t spill the beans on any particular acquisitions however that they “are contemplating some”.
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Mayer mentioned he and co-chief Tom Staggs are wanting “all internationally” for different media corporations to amass, and didn’t rule out the UK being the location of a future deal. He did nevertheless rule out any deal for Channel 4. “We’re not shopping for broadcasters,” he affirmed.
The Whats up Sunshine pact was reportedly price $900M, and Mayer and Staggs’ firm is known to have at the least $2BN from Blackstone. Ron Howard and Brian Grazer’s manufacturing outfit Think about Leisure is reportedly additionally being thought-about.
Mayer mentioned that his firm was about “content material, commerce and group” and that they have been “attempting to serve world audiences in a manner that’s constructed for the longer term”, suggesting that social media can be a key a part of the equation (no shock after his temporary but formative three months at TikTok).
The manager can also be chairman of the board at streamer DAZN, and through right this moment’s speak he hinted at massive plans for the sports-focused firm.
“We’re not attempting to stir the pot we’re simply attempting to get the rights that matter,” he mentioned. “I’d like to see the Premier League on DAZN sooner or later. It’s an enormous market, extremely common sport, prime quality expertise, after all we’d need that.”
DAZN wasn’t invited to the bidding desk throughout the newest spherical of Premier League UK broadcast rights talks, with Sky Sports activities, BT Sport, Amazon Prime Video and BBC Sport agreeing a three-year extension to their present settlement that can run by 2025. Mayer described that as “an uncommon circumstance” and mentioned DAZN hoped to be on the desk sooner or later.
May that be by an acquisition of BT Sport, which has been rumored? Mayer didn’t squash the rumor, although did admit information on the potential deal had gone quiet not too long ago. “We’d like to have the Premier League finally, there are numerous routes to get there. BT Sport is a good enterprise,” he mentioned.
Don’t anticipate DAZN to be competing for Premier League rights within the U.S. any time quickly, nevertheless. “I don’t suppose it could be good for DAZN to have an actual concentrate on the U.S. It’s an ultra-competitive market. We’re going to take a reasonably mild method to the U.S., that’s not a part of our core technique,” he continued.