The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix

Detalhes bibliográficos
Autor(a) principal: Tomé, João Gonçalo Filipe
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/38038
Resumo: Since the beginning of the century to the present day, the way consumers experience entertainment has shifted dramatically. From renting movies on-demand, to going to the movie theatres, the Entertainment industry keeps on dynamically changing over time. Home entertainment services is the latest frontier of that change, in which streaming platforms have gained immense popularity worldwide, such that one of them is instantly associated when such topic is brought up: Netflix. This dissertation studies a possible acquisition within this industry, with Lions Gate as the target and Netflix as the acquirer. Lions Gate, a content production and distribution company, is present both in the traditional channels and the streaming space and so represents a great opportunity for Netflix to acquire valuable content for its library including the rights to well-known franchises. Netflix and Lions Gate have a calculated Enterprise Value of $260.311,57 millions and $5994,21 millions, respectively. The transaction would be expected by the end of 2021, with Netflix following a friendly approach and paying $4043,20 millions (a premium of 30% over market value) in a 100% cash-financed deal, generating $2.107,96 millions in Synergy value.
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spelling The streaming giant’s next step : the proposed acquisition of Lions Gate by NetflixMergers & AcquisitionsEntertainmentStreamingFusões e AquisiçõesEntretenimentoDomínio/Área Científica::Ciências Sociais::Economia e GestãoSince the beginning of the century to the present day, the way consumers experience entertainment has shifted dramatically. From renting movies on-demand, to going to the movie theatres, the Entertainment industry keeps on dynamically changing over time. Home entertainment services is the latest frontier of that change, in which streaming platforms have gained immense popularity worldwide, such that one of them is instantly associated when such topic is brought up: Netflix. This dissertation studies a possible acquisition within this industry, with Lions Gate as the target and Netflix as the acquirer. Lions Gate, a content production and distribution company, is present both in the traditional channels and the streaming space and so represents a great opportunity for Netflix to acquire valuable content for its library including the rights to well-known franchises. Netflix and Lions Gate have a calculated Enterprise Value of $260.311,57 millions and $5994,21 millions, respectively. The transaction would be expected by the end of 2021, with Netflix following a friendly approach and paying $4043,20 millions (a premium of 30% over market value) in a 100% cash-financed deal, generating $2.107,96 millions in Synergy value.Desde o início do século, até ao dia de hoje, a maneira como os consumidores experienciam o seu entretenimento mudou dramaticamente. Desde o aluguer de filmes, à ida às salas de cinema, a indústria do entretenimento continua a mudar de forma dinâmica ao longo do tempo. Os serviços de entretenimento caseiro são a última fronteira dessa mudança, nos quais as plataformas de streaming ganharam imensa popularidade de forma mundial, tal que uma delas é instantaneamente associada quando este tópico é discutido: a Netflix Esta dissertação estuda a possível aquisição dentro desta indústria, com a Lions Gate como alvo e a Netflix como investidora. A Lions Gate, uma produtora e distribuidora de conteúdos, está presente tanto nos canais tradicionais como no espaço de streaming e por isso representa uma grande oportunidade para a Netflix adquirir conteúdo valioso para a sua biblioteca incluindo os direitos de franquias bem conhecidas. A Netflix e a Lions Gate têm um Valor Empresarial de $260.311,57 milhões e $5994,21 milhões, respetivamente. A transação é esperada de ocorrer no final de 2021, com a Netflix a seguir uma abordagem amigável e pagar $4043,20 milhões (um prémio de 30% acima do valor de mercado) num negócio 100% financiado por capital próprio, gerando um valor de Sinergia de $2.107,96 milhões.Assunção, António Luís Traça Borges deVeritati - Repositório Institucional da Universidade Católica PortuguesaTomé, João Gonçalo Filipe2022-07-01T09:55:07Z2021-10-212021-092021-10-21T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/38038TID:202962881enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:43:32Zoai:repositorio.ucp.pt:10400.14/38038Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:31:00.075810Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix
title The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix
spellingShingle The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix
Tomé, João Gonçalo Filipe
Mergers & Acquisitions
Entertainment
Streaming
Fusões e Aquisições
Entretenimento
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix
title_full The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix
title_fullStr The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix
title_full_unstemmed The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix
title_sort The streaming giant’s next step : the proposed acquisition of Lions Gate by Netflix
author Tomé, João Gonçalo Filipe
author_facet Tomé, João Gonçalo Filipe
author_role author
dc.contributor.none.fl_str_mv Assunção, António Luís Traça Borges de
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Tomé, João Gonçalo Filipe
dc.subject.por.fl_str_mv Mergers & Acquisitions
Entertainment
Streaming
Fusões e Aquisições
Entretenimento
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Mergers & Acquisitions
Entertainment
Streaming
Fusões e Aquisições
Entretenimento
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Since the beginning of the century to the present day, the way consumers experience entertainment has shifted dramatically. From renting movies on-demand, to going to the movie theatres, the Entertainment industry keeps on dynamically changing over time. Home entertainment services is the latest frontier of that change, in which streaming platforms have gained immense popularity worldwide, such that one of them is instantly associated when such topic is brought up: Netflix. This dissertation studies a possible acquisition within this industry, with Lions Gate as the target and Netflix as the acquirer. Lions Gate, a content production and distribution company, is present both in the traditional channels and the streaming space and so represents a great opportunity for Netflix to acquire valuable content for its library including the rights to well-known franchises. Netflix and Lions Gate have a calculated Enterprise Value of $260.311,57 millions and $5994,21 millions, respectively. The transaction would be expected by the end of 2021, with Netflix following a friendly approach and paying $4043,20 millions (a premium of 30% over market value) in a 100% cash-financed deal, generating $2.107,96 millions in Synergy value.
publishDate 2021
dc.date.none.fl_str_mv 2021-10-21
2021-09
2021-10-21T00:00:00Z
2022-07-01T09:55:07Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/38038
TID:202962881
url http://hdl.handle.net/10400.14/38038
identifier_str_mv TID:202962881
dc.language.iso.fl_str_mv eng
language eng
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eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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