A Banker’s View of Media M&A in 2024

Joe Ravitch attend The Sylvia Center's Tenth Anniversary Art of Cooking Gala on October 26, 2017, in New York City.
Joe Ravitch Photo: Jimi Celeste/Patrick McMullan via Getty Images
Matthew Belloni
January 28, 2024

Joe Ravitch, founder and partner at Raine Group, is one of the smartest and most outspoken bankers in the media/sports sectors—if you can get him talking. Luckily, I sat down with him for a rare interview this week, and he was so insightful on The Town that I couldn’t include everything in one show. So below, I excerpted some chunks of our conversation, including some that didn’t air, about the future of Paramount and Lionsgate, and what it would take to hit the global streaming services with a version of the financial Interest and Syndication rules (or “fin-syn,” which prevented TV distributors from owning content). This conversation is edited and condensed…

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Matt Belloni: So, Joe, what is the deal market in 2024 going to look like in media and entertainment?