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The entertainment, media and communications (EMC) sector reached $74 billion in deal volume in the second quarter, up $67 billion from the same time last year.
PwC this week released its Q2 deal insight report, which found the increase was fueled by "megadeals," or deals that are worth more than $1 billion. There were four such deals in Q1—with a total value of $75 billion—and five additional were announced last quarter.
"As we pushed through the second quarter of 2014, we continued to see EMC companies transforming themselves and shaking the foundations of their industry in the process," said Bart Spiegel, partner, Entertainment, Media & Communications Deals, PwC, in a statement.
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