Breaking News - Relativity Media is reported to have made a $750 million to $1 billion bid to acquire leading MCN Fullscreen (after it failed to disrupt the Disney/Maker Studios deal).
No surprise there. As I wrote just a few days back, my sources told me that Fullscreen was “in play.” That’s why I listed them #1 in my “MCN’s - Who’s Next?” post.
MCN March Madness has moved through April and now into May. And, as I have written several times, it shows no signs of abating. Not many leading MCNs left -- and Fullscreen was one of the few remaining horizontally-focused MCNs with real “mass.”
Expect this deal to close.
And, expect others to follow.
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