If there's 2 things former MGM CEO Harry Sloan knows well, it's 1) SPAC ventures 2) the media business. awallenstein went deep with Sloan on both of those subjects on the latest episode of the Strictly Business podcast
“I don’t anticipate anything coming out of the regulatory side,” he said in an interview conducted Nov. 4 at TechTainment, an annual conference hosted by theI do anticipate a lot more sanity and less speculation among SPAC investors and therefore much less SPACs. Will there be 600 a year from now? No. Will it be 250? There’ll be a lot less.”
In addition to giving his outlook on the SPAC market, Sloan reflected on his career in the media business, including what could be next for the industry. Recalling a period during the 2010s when tech companies kicked the tires on a range of content companies including MGM, he predicted Apple will make an acquisition not unlike the pending Amazon-MGM deal.
"I would think Sony or Lionsgate all are good ideas for them to acquire," observed Sloan."And I think in two years, you'll see one of those deals get done." “Strictly Business” is Variety‘s weekly podcast featuring conversations with industry leaders about the business of media and entertainment. A new episode debuts each Wednesday and can be downloaded on iTunes, Spotify, Stitcher and SoundCloud.
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