Entertainment industry mega-mergers and the impact of Brexit were among the topics in focus at Winston Baker's inaugural U.K. Summit in London on Friday.
Stephen Kovach, partner and CFO at Vine Alternative Investments, which has over its 12 year history acquired content libraries and in 2017 became a, said about the recent consolidation moves across the entertainment sector: "You see these cycles ebb and flow all the time. People get bigger, and then they decide the new strategy is to break apart and start being a little more focused in smaller businesses.
But at the same time it has started diversifying its business beyond this traditional focus to build additional revenue opportunities. "Now a new part of our business is looking at how we can take those libraries and overlay them into some of our portfolio companies," Kovach explained. Brexit, naturally, was also a key topic of debate. Harriet Finney, director of external affairs at the British Film Institute, highlighted during one panel that, importantly, creative works originated in Britain will even after Brexit continue to qualify as "European" content under quotas for European TV programming. That is because this is covered by the Council of Europe’s Convention on Transfrontier Television, and Brexit will not affect the U.K.'s position in it.
Source: News Formal (newsformal.com)
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