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Noteworthy Arms to Consider as Padres Offseason Acquisitions
The San Diego Padres' pitching staff was one of many highlights for the organization in 2026, headlined by a remarkable turnaround from the starters after the All-Star break. With the late-season returns of Nick Pivetta and Joe Musgrove from the injured list, San Diego's front office still remains focused on acquiring additional starting pitching for …
Chickasaw-owned gaming company expands into Wyoming with racing acquisition
Chickasaw Nation-owned Global Gaming Solutions has expanded into Wyoming with the acquisition of Wyoming Horse Racing. The deal adds 13 Horse Palace gaming and off-track betting venues, more than 1,500 historic horse racing machines and live racing operations at Sweetwater Downs in Rock Springs, Wyo. The company announced the completed acquisition Oct. 20, following Wyoming […]
Salesforce goes back to the M&A well to fortify a weaker business. Why it's a smart move
The enterprise software giant's planned acquisition of Braze will beef up its marketing business and avoids diluting shareholders in the process.
Taiwan Blocks Grab Acquisition of Delivery Hero Business Over Competition Concerns
Taiwan’s Fair Trade Commission said the harm of the proposed deal to the island’s food-delivery industry outweighed its overall economic benefits.
Investors are piling into retail real estate. This Wheaton deal shows why.
Local real estate investment firm Core Acquisitions flipped the Rice Lake Square shopping center for $52.8 million just two and a half years after buying it.
Legendary Entertainment Submits Takeover Offer for Lionsgate
The move comes after the "Dune" producer first eyed a potential acquisition of the Hollywood studio last year
Legendary Entertainment Submits Takeover Offer for Lionsgate
The move comes after the "Dune" producer first eyed a potential acquisition of the Hollywood studio last year
Too Lost Music Group Strikes Deal with Xelon Entertainment
Too Lost Music Group strikes a deal with Xelon Entertainment, expanding its footprint and growing its reach for artists across Asia-Pacific.
Salesforce To Buy Braze In $5.6 Billion, All-Cash Deal As Acquisitions Continue
Salesforce stock fell after the enterprise software maker announced the $5.66 billion, all-cash purchase of Braze.
Experian Health Acquires eInsights, Expanding Insurance Discovery to Help Healthcare Organizations Recover Missed Reimbursements
COSTA MESA, Calif., October 20, 2026--Experian today announced its acquisition of eInsights, a healthcare technology company.
Headway Issues, Then Retracts New Clinician Contracts After Backlash
Therapist enablement platform Headway is once again facing backlash from its clinician pool on its platform over a lengthy new contract the company rolled
Steelers PFF grades: Germie Bernard shines; Troy Fautanu stagnates
If cornerback Jamel Dean can stay healthy, he may be a rare veteran acquisition to work out for the Pittsburgh Steelers at the position.
Silgan to Form New Business With Planned Trivium Packaging Acquisition
Silgan (SLGN) plans to acquire Trivium Packaging and combine it with its metal containers and food a
TriGemX Bio and TCGX Acquisition Corp. Announce Business Combination Agreement to Create Publicly Listed Company to Develop Elismetrep, A Potential First-in-Class Treatment for Migraine
TriGemX Bio, a biotechnology company focused on developing elismetrep, a potential first-in-class treatment for migraine, and TCGX Acquisition Corp. (Nasdaq:...
Imagicaaworld sells hotel, acquires water park stake, eyes indoor entertainment push
Imagicaaworld Entertainment Limited on Monday disclosed a clutch of strategic moves, including the sale of its hotel asset and a new park acquisition, as it reported a 6 per cent dip in visitor footfalls for the July-September quarter of FY27.The Mumbai-listed amusement and water park operator said…
Expansion of the security segment wholesale business through the acquisition of shares in companies
The security segment of TKM Grupp AS is expanding its operations across the Baltics by establishing a subsidiary in Latvia and acquiring companies engaged in the wholesale distribution of security systems in Estonia, Latvia and Lithuania. In 2023, TKM Grupp AS acquired a 100% shareholding in Walde AS, a company engaged in the wholesale distribution of security systems in Estonia (stock exchange announcement of 23 December 2022). On 16 October 2026, Walde SIA, a 100% subsidiary of Walde AS, was e
Bob on Business: More industrial space in the construction pipeline
Also, HistoryHomes acquisition; dealership construction; and Panther Island progress.
Mogul Capital Partners empowers people to become business owners
Mogul Capital Partners is a private equity and business acquisition company focused on acquiring established, profitable businesses while expanding access and exposure to business ownership and investing.
Headspace Issues Layoffs Following Sword Health Acquisition
It has been a little over two weeks since Sword Health's acquisition of the San Francisco-based digital therapy and psychiatry company Headspace officialy
Headspace Issues Layoffs Following Sword Health Acquisition
It has been a little over two weeks since Sword Health's acquisition of the San Francisco-based digital therapy and psychiatry company Headspace officialy
NC Life Sciences News: Labcorp’s $722M Acquisition, IQVIA’s Veeva Partnership & More
North Carolina – Regional Life Sciences Roundup -October 16th, 2026 Each week, our Regional Roundup delivers the most important and timely life sciences…
New SBA lending rules create hurdles for aspiring business owners
Some worry the updated rules to the Small Business Administration's 7(a) loan program would make it harder for some would-be buyers to obtain financing, putting business acquisitions further out of reach.
APEX FTE EXPO 2026: Global Pulse Entertainment Previews New Acquisitions for Airline IFE
Global Pulse Entertainment will preview new acquisitions and its growing inflight entertainment slate at APEX FTE EXPO.
CELNOR GROUP ACQUIRES SAFETY SOLUTIONS GROUP
Celnor Group (Celnor), has acquired Safety Solutions Group. The announcement marks Celnor’s fourth acquisition in Ireland.
Food Bazaar expanding with Western Beef acquisition
Food Bazaar operator Bogopa Service Corp. is acquiring 14 Western Beef stores, including four on Long Island, expanding its supermarket footprint.
Liberty Mutual to acquire Brazilian surety business
U.S.-headquartered Liberty Mutual Holding Company Inc. has agreed to acquire Brazilian firm Austral Seguradora SA, Coverager reported. The acquisition, which includes Austral’s surety…
AUGUSTA HEALTH EXPANDS PRIMARY CARE IN HARRISONBURG WITH THE ACQUISITION OF HARRISONBURG FAMILY PRACTICE
FISHERSVILLE, VIRGINIA — Augusta Health has finalized its acquisition of Harrisonburg Family Practice, an established seven-physician primary care practice that has served the Harrisonburg community for 50 years. The acquisition strengthens Augusta Health’s primary care presence in Harrisonburg and builds on its commitment to serving patients throughout the region. Founded under the leadership of Drs. […]
Amazon's Bee launches two new personal AI devices, starting at $75
Amazon-owned Bee has launched its first new AI devices since its acquisition, including an updated wearable and a credit-card-sized recorder that attaches to smartphones. The devices can summarize conversations, create to-do lists, and integrate with Alexa and Amazon shopping, with prices starting at $74.99.
FourNet Expands £65m Customer Experience and AI Business With SVL Acquisition
MANCHESTER, England, October 15, 2026--FourNet, the customer experience and AI transformation partner, has acquired SVL Business Solutions, creating a combined business with more than 230 people, over 450 customers and revenues of around £65m.
Omega Holdings Acquires O2 COOL Manufacturing LLC, to Reinforce HVAC Systems Business
/PRNewswire/ -- Omega Holdings, today announced the acquisition of the O2 COOL Manufacturing LLC, a leading source of HVAC Systems Manufacturing. The...
Owen Tripp, Included Health CEO: A Fortt Knox Update
Included Health CEO Owen Tripp told Jon Fortt that after its Firefly Health acquisition, the company is scaling the alternative health plans it launched in 2026. Tripp described a shift to performance-based contracts, where it shares in savings it generates rather than taking a flat admin fee. On its plan, 76% of the highest-cost members engage voluntarily, and he expects the market to shift within five years.
Canada's Purebread Plans to Acquire Caffè Artigiano's Cafe Business
Purebread Brands signed a letter of intent for a C$7.7 million stock acquisition of Caffè Artigiano’s cafe business and 27-location network.
Black Hawk Acquisition Corporation Announces Redemption Results in Connection With Its Business Combination With Vesicor Therapeutics Inc.
BLACKHAWK, Calif., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Black Hawk Acquisition Corporation (NASDAQ: “BKHAU,” “BKHA,”
Offseason Acquisition Targets to Complete the Padres Lineup
The San Diego Padres lineup provided unprecedented production in the second half of the 2026 campaign. With a red-hot team entering October, the Padres proved they could compete with the best in the league despite falling short to the Milwaukee Brewers. Despite stellar offensive performances prior to the NLDS, an offseason acquisition seems to be …
Lakers’ Walker Kessler makes preseason debut in against Warriors
The Lakers' marquee free agency acquisition made his preseason debut against the Warriors
The Hartford closes purchase of Equitable’s employee benefits business
The Hartford completed its acquisition of Equitable’s employee benefits business, adding $500 million in premiums and 300 employees in Connecticut.
Wilson Sonsini Advises Armada Acquisition Corp. II on Business Combination with Evernorth Holdings
On October 9, 2026, Armada Acquisition Corp. II (Armada II), a special purpose acquisition company, and Evernorth Holdings (Evernorth), a digital asset treasury company building institutional access…
Steris to acquire Pittsburgh-area medical device maker for $2.1 billion
The Xodus Medical acquisition would add a growing surgical safety business to Steris' portfolio, with the deal expected to close by the end of the year.
Buying a business with an SBA loan is more complicated. Here’s what to know.
The U.S. Small Business Administration has implemented a host of new rules impacting borrowers seeking SBA capital to finance a business acquisition or change in control.
CA-AHF-MORRISON-HOTEL
AHF celebrated the acquisition of the historic Morrison Hotel, a 1913 Single Room Occupancy (SRO) building in downtown Los Angeles, on Tuesday, December 19, 2023. The Doors and photographer Henry
Amazon's $7 billion Decart talks echo a deal that changed its cloud business
Amazon's 2015 acquisition of Israeli chipmaker Annapurna Labs helped lay the foundations for its in-house silicon business. Now, the tech giant is reportedly pursuing Decart, an Israeli AI startup whose technology can help AI models run more efficiently on chips, including Amazon's own Trainium processors.
Bob on Business: A new place to tie up your horse — or your Honda
Also, Canadian transformers; real estate, mergers and acquisitions; and transportation.
Interra Credit Union completes acquisition of Ohio bank
Interra Credit Union said Saturday it has completed its acquisition of The Hicksville Bank in Ohio, a deal that raised controversy when announced in April.
Skydance CEO David Ellison: AI is going to transform every part of the business
CNBC’s David Faber and David Ellison, Skydance Chairman & CEO, and Ynon Kreiz, Skydance co-CEO, join 'Squawk Box' to discuss Paramount's $110 billion acquisition of Warner Bros. Discovery, what to expect from the new combined entity, the decision to bring Ynon Kreiz on board, future of the company's linear, streaming and movie businesses, integration of AI, and more.
Latham guides on entertainment powerhouse acquisition
The acquisition brings together two of the world’s best-known media and entertainment companies under one brand.
NFL Canada Partnership Could Be A Game Changer For Penn Entertainment Stock (PENN)
PENN Entertainment recently saw its theScore Bet unit secure a multiyear role as an official NFL partner for sports betting and online casino in Canada, alongside an analyst upgrade that reflected these business developments. The Canadian NFL tie-up gives PENN Entertainment another channel to push its digital betting brand into a live sports audience, which could affect user acquisition costs and long term engagement across its broader entertainment ecosystem. We will now look at how PENN...
Who Won August and September: Original Films or Franchises?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) I just heard someone say that if you’re reading a pundit or data analyst, and they don’t tell you that they got anything wrong, they’re not a pundit but an “influencer”. I agree with that. You have to tell your audience when you get things wrong, or they won’t (or shouldn’t) trust you as much. Today, we’ve got another edition of “What I Got Right, What I Got Wrong”. In general, I’m patting myself on the back (and patting very hard) about a few things like IP at the box office, LIV golf, horror films, crowdfunding movies, superheroes, and old people going to the theaters. That said, I also made a couple of data mistakes on the streaming bubble popping and HBO’s datecdotes, so I’m not perfect. But first, I need your feedback... Subscribe Follow-Ups: What Should We Call Mid-Budget Movies Which Aren’t Cinematic Enough for Theaters But Are Too Expensive to Make Money on Streaming? After I asked for feedback on what we should call straight-to-streaming films that are too big to pencil out on streaming but not really big enough to resonate in theaters, I got some great suggestions from you all, including... “Moldilocks” from John Aboud “Little Big Indie” from Travis Frick1 “Midflicks” from Jonathan Funke. “Extra-Medium” from Jona Nwuke. (Read the explanation in the footnote.) Between these and Brandon Katz—who suggested “Bermuda Budget Triangle”, “The Platform Gap” and “The Distribution Deadzone”—we’ve got some excellent suggestions. And they’re better than my suggestion, the “Streaming Budget Dead Zone”, so let’s take a poll! The winning entry becomes the new term. Loading... RIGHT: LIV Golf is Fully Bankrupt…Is Anyone Else Next? A few years ago, I was always a bit perplexed at all the articles I’d read praising LIV Golf and their strategy to disrupt the PGA. LIV Golf, a brand new professional golf league, offered PGA stars ten times what they made on the PGA Tour to join their new league. And folks praised this strategy for its initial “success” in that a lot of big names did indeed leave the PGA. Yeah, of course the players came over. LIV Golf paid them so, so, so much more! But LIV Golf hadn’t discovered a way to increase potential revenue. So think about this in basic business terms… They paid much more in costs… …but had no real way to increase revenue. That’s not a strategy! That’s deficit financing. It won’t work unless you bankrupt the competition (and then turn around and pay those same golfers much, much less). It’s not a sustainable strategy and only lasts as long as the company/person/nation backing it decides they’re cool with losing money. For LIV Golf, that meant Middle East oil wealth, in particular Saudi Arabian money. Clearly, the current Iran War has hurt Middle East finances, so they need to trim their more exorbitant spending. And LIV Golf was part of that trimming. This should be a major warning for others. TGL’s parent company, TMRW Sports, just got a $1 billion valuation, despite TGL’s (the indoor golf league) horrible TV viewership of less than half a million viewers per match. Unrivaled, the women’s basketball league, just secured a $650 valuation, despite its horrible TV viewership and a new rival (Project B) entering the scene next year. To relate this to streaming, Hollywood should ask which streamers may have wealthy patrons funding their losses. (Let’s be clear: Google, Amazon and Apple.) Could those patrons lose their appetite? For Amazon, probably not. But Apple has a new boss, so maybe! WRONG: My Analysis of the Streaming Bubble Was Missing a Week I’m going to be congratulating myself a lot today, but I make mistakes too, like this data goof. When I last compiled the data on the decline in TV shows, I was missing one week at the end of June. If you look at the first image, you can see that one week was mislabelled as “July”. Mainly, this image got updated to show a 27% decline, not 29%: This change doesn’t really impact the overall analysis, but it is two percent better. By the way, through the third quarter, the decline increased and it’s now a 30% decrease since 2022. (I’ll write/visualize this in an upcoming article.) But I want you to trust me and my data. Especially these days, when many people are using LLMs that I know are inserting faulty data into their charts, I want to keep earning my audience’s faith. So that’s the accurate data. RIGHT: IP Remains Very, Very Popular In July, I wrote a giant (and I mean giant) article on Backrooms, Obsession, and the box office, going over what we know, what we don’t know about what works in theaters, looking at YouTubers, IP, the horror genre, comic book movies, and a whole lot more. The month of August really tested a lot of my theses and, being honest, mostly supported my arguments. Let’s start with IP. Looking at 8-Aug (the weekend after Spider-Man: Brand New Day came out) to 18-Sep (the weekend that Resident Evil came out, which I think provides a nice bookend to this time period), there were seven films based on pre-existing IP: Resident Evil (2026) ($126 million) Practical Magic 2 ($65 million) _Insidious: Out of the Furthe_r ($65 million) Coyote Vs. Acme ($59 million) Paw Patrol: The Dino Movie ($53 million) Tony ($15 million) Super Troopers 3 ($7 million) Compare those to the notable original films from the past month—I actually could have included more movies, but here are just thirteen, bringing us to an even twenty films—including.... The End of Oak Street ($54 million) Buddy ($26 million) Mutiny ($15 million) By Any Means ($15 million) The Dog Stars ($14 million) Runner ($14 million) One Night Only ($11 million) Hope ($8 million) Spa Weekend ($7 million) The Uprising ($6 million) Teenage Sex and Death at Camp Miasma ($6 million) Onslaught ($3 million) Eli Roth’s Ice Cream Man ($2.8 million) Here’s that in chart form: Five of the top six films in this time period were all based on IP. I made a big chart of films that grossed over $200 million at the box office before Spider-Man: Brand New Day and The Odyssey hit theaters. Let’s update that chart! By the way, if you want to see how I categorized each film—so another bar chart—here it is: I know that many of my fellow critics/pundits/analysts dislike films based on IP and how Hollywood is making so many of them. And I’m sympathetic to this point of view. As I’ve written many, many times before, you need a balance between existing franchises, new IP, and original films. And Hollywood clearly needs to make more films like Resident Evil (a well-made film from a visionary director) and fewer Practical Magic 2’s (which didn’t get critical or customer buzz). But at some point, critics and pundits need to contend with what audiences are telling them: Movie-goers aren’t showing up to original films. Audiences are speaking with their dollars, telling you they want more IP and franchises. You can try to convince studio heads to make fewer IP-based films and franchises, but the data and numbers aren’t there. Instead, critics need to work harder to convince audiences to show up for original films. Aim your ire/concern at the average person, not studio heads.2 Because they’re just making the films that audiences are telling them to make. WRONG: Original Horror Films Didn’t Break Out I’ll be honest, even though I wrote an article casting some skepticism on the horror genre in July, if you asked me to make a prediction, I would have predicted that, in August, a new, original horror film would have blown up. No, seriously, I just assumed that Obsession and Backrooms presaged a change in audience behavior. But none of the buzzy new original horror films from August—Teenage Sex and Death at Camp Miasma, Onslaught (not an action film in spite of the ads), The End of Oak Street, Eli Roth’s Ice Cream Man, or _Buddy—_broke out. To be clear, exactly one of those films (Buddy) had good “ROI”, but again—I try to be specific in my language—none were “popular” in any broad sense of the word. None of them will be “saving” movies theaters like Backrooms or _Obsession_helped save the summer. The new Insidious film and Resident Evil, both based on IP, were far and away the biggest horror films since July. (We’ll see if this changes in October/Halloween season.) RIGHT: Stay Skeptical about Crowdfunding... I’ve long been skeptical about crowd-investing platforms as one of Hollywood’s saviors, mainly because there’s so much hype/buzz. People need to stay more skeptical about more things, explaining both the potential upside but also the downsides. In particular, the media often hypes crowdfunding at the start and never checks in on the actual results after they’ve come in later. And August gave us our first update! _Ice Cream Man—_directed by Eli Roth—grossed $6 million off of a $5.5 million budget. This is a production of The Horror Section, which was one of the first “crowd investing” studios with 2,400 investors, which means that 2,400 investors probably lost money. They certainly aren’t getting as great of returns as if they had just invested their dollars in the stock market. Hopefully Stiletto (Tagline: “Someone’s Going to Make it Rain Blood!”) does better next month. WRONG: Another Data Goof Here’s another data error. When the first episode of House of the Dragon came out, HBO put out that it had 21.5 million viewers in the first three days, and I read that to mean in the US…but no, it was global. So my US-only datecdotes charts shouldn’t have included it. We never got US-only numbers for the first episode, but for the final episode, HBO put out that it had 11 million US viewers. (And that global dropped to 21 million viewers.) Here’s the updated chart (which I’ve since used in the Streaming Ratings Report): Still, this show is absolutely huge. RIGHT: Superhero Films Remain Very, Very Popular After Supergirl flopped, I read a few takes that “comic book movies are going the way of the Western”. Post-Spider-Man: Brand New Day, that take didn’t age well. To be fair, I have a very nuanced take on the superhero genre right now; it’s down right now, for a lot of reasons. But it’s not “dead”. Maybe _Spider-_Man is just a really popular character? I saw that take, and it’s a fair counter-argument. (But pundits arguing that superhero movies were dead should have mentioned this $1.5 billion counter-argument…) But is it just Spider-Man? The next Avengers film already has $50 million in pre-sales (and I was skeptical that that film would do well) and the Avengers: End Game re-release topped the box office two weekends ago (over three original films). And I wouldn’t bet against Batman or Superman. So maybe it’s just Spider-Man, Batman, Superman and the Avengers. Oh, and Deadpool, of course. And Black Panther. And Wolverine. And probably the X-Men. Plus a well-made Wonder Woman or the Hulk film could break out. But that’s it! It’s just those ten characters/teams. Oh, what’s that? Lanterns is also doing well on HBO? (See previous section…) To be fair, I’m actually pretty sympathetic to the argument that more popular characters—like Spider-Man and Batman—anchor more popular films. In fact, I made that exact argument three years ago when I first wrote about the “Marvel-cession”. In many ways, you can blame The Guardians of the Galaxy for fooling Marvel Studios (and the rest of us) into believing that any character could pop. It turns out, the list of iconic characters is probably smaller than most people think. But it’s probably too early to say that superhero films and comic book movies are dead unless “death” means a slight decline over a longtime. RIGHT: Who Killed Theaters? Old People I get frustrated whenever I see headlines or analysis about how young people are “returning” to theaters. As I’ve detailed(for years), young people have always powered the US box office, despite narratives about “kids these days” and their “phones”. Really, what’s changed post-2020/pandemic is that old people aren’t going to the movies nearly as much. This summer, I saw a movie (from an older director) in a theater near a retirement community, and multiple older people at the theater were talking about how this was their first time seeing a movie in years. I dislike personal anecdotes, so YouGov can fill in the data, best summarized by this headline: “Who killed movie theaters? Not the youths”. According to them, 64% of people aged 18-29 have seen a movie in the last year, but only 30% of 65-and-older. 20% of 18-29 have seen a movie in theaters in the last week and 42% in the last month. Here’s the polling data: Most concerning? Many Americans (17%) think theaters are a worse or much worse experience than watching films at home. Slight WRONG: Hadestown Opens Big A live theater capture of the Broadway musical, Hadestown, made $20 million at the US box office, which begs the question: was I wrong to be skeptical about musicals a few years ago? Yes and no. On the one hand, $20 million is a far cry from being “popular”, so yeah, the genre isn’t that popular overall and Hadestown is one of the more popular musicals from recent years (i.e. the “Taylor Swift Data Fallacy” in action). On the other, I doubt filming this cost all that much, and I don’t think that they spent much on marketing, so this is a good source of ancillary revenue. Smaller Updates WRONG: As I mentioned in a Streaming Ratings Report, I underestimated the budget for Enola Holmes 3. It probably cost more like $50 million, if not more. But... I’m not sure that it really matters? At sub-10 million hours, prices have to come down to make this work. WRONG: Netflix is giving Ink a 27-day in theaters! To quote the kids/YouTubers these days, let’s go! Now I might actually have a chance to see Danny Boyle’s latest in theaters. I’d complained about this in a “Coming Soon” section, but I was heartened to read that Netflix is giving multiple films longer theatrical windows this year. RIGHT: Netflix is sending 4-5 films per year to theaters. Netflix is slowly but surely sending more and more films to theaters, as I cautiously predicted earlier this year. For now, it’s just three big films and a number of awards contenders, but still, this is great news. And they’ll be releasing box office grosses! Just this week, Ted Sarandos confirmed that KPop Demon Hunters 2 will come to theaters (and my guess is it performs in the box office top ten at a minimum). WRONG: Angel has 3 million subscribers! How do I know this? Well, they told Deadline, who reported it. I marked this as “wrong”, since they’ve doubled their subscribers in one year but, you know, they don’t really have a hit film to speak of and they’re still losing money. WRONG: Furious was only renewed for one more season. I accidentally wrote “two more seasons” in my latest “Renewals, Cancellations, Un-Orders and Removals Update”. RIGHT: House of David is ending with its third season. In July, Prime Video renewed House of David for a third season, as I just wrote in my latest “Renewals and Cancellations” report. Well, now it’s ending after that third season. Why? As I’ve been writing, its viewership wasn’t great. I got feedback that this show didn’t cost very much, but it cost enough that its limited viewership didn’t save it. WRONG: Adults was a Hulu original! So I missed Adults when it first came out last year; I saw that it aired on FX and just assumed that it was a linear-first program. Turns out, it aired three episodes on FX, but binge-released the rest of its episodes the next day on Hulu. Huh. So I should have covered it last year! But I just wrote about it. 1 “When I was a kid in the 90s, if you wore a t-shirt to school that wasn’t too big and also wasn’t too small, but somehow didn’t quite fit, we’d say you were wearing an “extra-medium” shirt.” 2 As always, a huge exception is Disney, which barely makes anything original anymore.
Virginia’s two biggest craft beer brewers to merge
Richmond's Hardywood Park Craft Brewery has purchased Starr Hill Brewery, based in Crozet, in an all-equity acquisition. Richmond's Hardywood Park Craft Brewery has purchased Starr Hill Brewery, based in Crozet, in an all-equity acquisition.
Inside Microsoft's plan to boost Xbox, Battle.net on PC — "Right now, it is simply very hard to work with Xbox," said Asha Sharma, with plans to fix it
Microsoft has long identified Battle.net as a key part of its Activision-Blizzard acquisition, and at yesterday's Town Hall with Xbox CEO Asha Sharma, we got more hints about the future.
Anta Sports officially becomes largest Puma shareholder
The Chinese sports giant finalized its acquisition of a roughly 29% stake in the athletics brand for about $1.7 billion.
Davis Polk Welcomes Prominent Media & Entertainment Partner Glen Mastroberte in Los Angeles
NEW YORK, October 07, 2026--Davis Polk announced that prominent entertainment lawyer Glen Mastroberte joined the firm as a partner in the Mergers & Acquisitions practice in LA.
Skydance now runs two of Hollywood’s legacy film studios. A look at the new company, by the numbers
David Ellison’s Paramount Skydance has completed its $81 billion acquisition of Warner Bros. Discovery, bringing two of Hollywood’s most storied legacy film studios under one mammoth media and entertainment conglomerate named Skydance. Now, Skydance must decide how to make the most out of a trove of entertainment assets, including the HBO Max and Paramount+ video streaming services, a film library that includes “Star Trek,” “Barbie,” “Top Gun,” “Harry Potter,” and “Superman,” and two major news organizations, CNN and CBS News. Here’s a look at the new company, by the numbers.
Samuels Group acquires Creative Business Interiors
As part of the acquisition, Creative Business Interiors and Samuels Group Furniture Solutions will come together as one furniture organization operating under the Creative Business Interiors name.
Colonial Group completes Foster Fuels purchase
Georgia-based Colonial Group has completed its acquisition of Foster Fuels, the Brookneal-based fuel distributor, for undisclosed terms.
Uber to acquire ezCater for $2.3B, expanding catering reach
Uber plans a $2.3 billion acquisition of ezCater to expand into catering, offering large order delivery for business events.
Option Care Health Agrees to $5.8 Billion Acquisition by CD&R and McKesson at $32.05 Per Share
Option Care Health has agreed to be acquired by CD&R and McKesson for $32. 05 per share in cash, representing approximately $5.
Beazley and Zurich Global Specialty Names New CEO
Kristof Terryn has been appointed as chief executive of Beazley and Zurich Global Specialty following Switzerland-based Zurich Insurance Group AG’s acquisition of British firm Beazley plc…
Manchester aerospace company expands casting business with new overseas acquisition
Pursuit announced it closed on the deal to buy Creasey Castings in August, the company’s sixth acquisition since 2023.
PARAMOUNT COMPLETES ACQUISITION OF WARNER BROS. DISCOVERY, CREATING A NEW GLOBAL ENTERTAINMENT LEADER, SKYDANCE
Skydance Corporation (f/k/a Paramount Skydance Corporation) (NYSE: SKYD) ("Paramount") today announced the completion of its acquisition of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD"), creating a combined company, named "Skydance." The company brings together two major film studios, two global streaming services, a premier television portfolio including CBS, HBO, and Paramount's and WBD's cable networks, two of the industry's most recognized news networks, CBS News and CNN, and a portfoli
DAI acquires 31 home health and hospice agencies from HCA in 'unique opportunity'
Faith-based not-for-profit organization Deaconess Associations Incorporated (DAI) has finalized the acquisition of 31 home health and hospice agencies across eight states from HCA Healthcare.
Champion Homes grows via another acquisition
Troy-based Champion Homes has acquired an Alabama-based manufactured housing company with nine retail locations around the south.
Cresset Aims for $13.1B Trust Business with NAT Deal
Cresset would fold its existing $5.5 billion trust division into the $7.7 billion NAT platform while continuing to grow through clients, acquisitions.
DAI Closes HCA Hospice, Home Health Transaction
Deaconess Associations Incorporated (DAI) has closed its acquisition of 31 home health and hospice agencies from HCA Healthcare (NYSE: HCA).
Beazley and Zurich Global Specialty Names New CEO
Kristof Terryn has been appointed as chief executive of Beazley and Zurich Global Specialty following Switzerland-based Zurich Insurance Group AG’s acquisition of British firm Beazley plc…
WISeSat.Space Completes Business Combination and Begins Nasdaq Trading
WISeSat.Space has completed its business combination with Columbus Acquisition Corp. and started trading on Nasdaq as SAIQ.
Total Access Elevator Buys Competitor
Total Access Elevator, an elevator servicing company based in Santa Fe Springs, has made its fourth acquisition in a buying spree aimed at gaining market
Accenture Completes Acquisition of Mjølner Informatics, Bringing Deep Software Engineering Expertise for Energy, Utilities and Manufacturing Clients in Denmark
Accenture has completed its acquisition of Mjølner Informatics from Norlys, strengthening Accenture’s software engineering, digital engineering and embedded software development capabilities in Denmark.
Taylor Morrison snags 406 lots near TSMC's $265B Phoenix development
Homebuilders are shifting toward aggressive bulk lot acquisitions to lock down future inventory, with more to come.
Orlando Health completes acquisition of RMC Health System in Anniston
Orlando Health completes acquisition of RMC Health System in Alabama, renaming the facility Baptist Health Calhoun Hospital.
One Jazz Offseason Acquisition That is Has Flown Under Radar
Josh Okogie should be an important piece for Utah.
How to watch Dodgers vs. Braves NLDS Game 1
LOS ANGELES — The Dodgers open their 2026 postseason run on a sweltering Saturday afternoon, hosting the Atlanta Braves in Game 1 of the National League Division Series at Dodger Stadium. Tarik Skubal will start for the Dodgers in Game 1, the team’s prized trade-deadline acquisition set to make his seventh career postseason start. Amazingly, […]
WISeQey's Subsidiary WISeSat.Space, a Space Technology Company, Completes Business Combination with Columbus Acquisition Corporation
WISeQey's Subsidiary WISeSat.Space, a Space Technology Company, Completes Business Combination with Columbus Acquisition Corporation WISeSat.Space Ordinary Shares Begin Trading on Nasdaq Under Ticker Symbol "SAIQ" Listing Marks a New Chapter in WISeSat.Space's Mission to Bring Cybersecurity to Spac...
Sauer completes spice brands sale to Minnesota company
Minnesota food flavoring company The Watkins Co. has completed its acquisition of Richmond's Sauer Brands' spice and seasoning business.
Basil Family Dealerships expands business to Springville
BUFFALO, N.Y. (WIVB) — Basil Family Dealerships is expanding their business across Western New York with the acquisition of two dealerships in Springville. The automotive group acquired Emerl…
Parker-Hannifin Benefits From Business Strength Amid Headwinds
PH's aerospace and industrial growth, acquisitions and portfolio shift support momentum as rising costs and debt weigh on results.
Hayduk Engineering expanding with $4M Ronkonkoma acquisition
Hayduk Engineering is expanding its Ronkonkoma headquarters after acquiring a 20,776-square-foot office building for $4 million to support growth.
WISeSat.Space, a Space Technology Company, Closes Business Combination with Columbus Acquisition Corporation
WISeSat.Space Ordinary Shares to Begin Trading on Nasdaq on October 2 Listing Marks a New Chapter in the Company’s Mission to Bring Cybersecurity to Space and Deliver Trusted Satellite Connectivity WISeSat.Space to Celebrate Milestone with Nasdaq Opening Bell Ceremony on October 9 GENEVA, Switzerland, October 2, 2026 -- WISeSat.Space Holdings Corp. (Nasdaq: SAIQ) (“WISeSat.Space”), a space technology company focused on PQC secure satellite communications and Internet of Things connectivity, anno
Sargento acquires La Terra Fina
Acquisition expands Sargento into grocery and club deli departments, creates new business unit.
BiomEdit acquires UK-based Folium Science
Company says the acquisition broadens its technology pipeline across animal health and nutrition.
Commentary: Can Letterboxd stay Letterboxd under studio ownership?
Letterboxd, once a niche social network for cinephiles to review, recommend and discover films, is now the subject of a potential nine-figure acquisition. As reported by the New York Times
Orlando Health acquires RMC Health System in Anniston
Orlando Health has completed its acquisition of RMC Health System in Anniston, renaming it Baptist Health Calhoun Hospital, with plans for significant upgrades and expanded care.
SpyGlass Pharma Acquires Advanced Vision Science, Securing Commercial IOL Supply, Accelerating Lens Portfolio Expansion
IRVINE, Calif.—SpyGlass Pharma, Inc. (Nasdaq: SGP), a late-stage biopharmaceutical company focused on transforming treatment paradigms for patients with chronic eye conditions, has announced the acquisition of all the outstanding shares of common stock of Advanced Vision Science, Inc. (AVS), an ophthalmic medical device company and manufacturer of intraocular lenses (IOLs) and lens materials, for approximately $13 million in cash. This acquisition secures scalable commercial IOL supply and accelerates lens portfolio expansion capability for SpyGlass Pharma, the announcement noted.
Wilson Sonsini Advises SpyGlass Pharma on Acquisition of Advanced Vision Science
On October 1, 2026, SpyGlass Pharma, a late-stage biopharmaceutical company dedicated to transforming the treatment paradigm for patients living with chronic eye conditions, announced the acquisition…
Saints lose $47M free agent acquisition to injured reserve
Another cornerstone of the New Orleans Saints offense is going on injured reserve. Travis Etienne Jr. must miss at least the next four weeks.
Rogers Completes Acquisition of Maple Leaf Sports & Entertainment
Will invest to build championship-calibre teamsWill invest to deliver world-class experiences to fans and customersBecomes global communications, ...
Rogers Completes Acquisition of Maple Leaf Sports & Entertainment
Will invest to build championship-calibre teams Will invest to deliver world-class experiences to fans and customers Becomes global communications, sports and entertainment leader TORONTO, ON (October 1, 2026) – Rogers Communications Inc. announced today that it has completed the acquisition of Maple Leaf Sports & Entertainment (MLSE), increasing its ownership […]
Rogers Completes Acquisition of Maple Leaf Sports & Entertainment
Will invest to build championship-calibre teamsWill invest to deliver world-class experiences to fans and customersBecomes global communications, sports and entertainment leader TORONTO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Rogers Communications Inc. announced today that it has completed the acquisition of Maple Leaf Sports & Entertainment (MLSE), increasing its ownership of MLSE to 100%. Rogers acquired the remaining 25% ownership stake in MLSE from Kilmer Sports Inc. for C$4.35 billion. “We’re pr
💸 Official: Messi buys a club in Spain
CD Eldense officially announced the acquisition of the club by Leo Messi, marking the beginning of a historic and exciting milestone for the century-old Spanish institution. A project of growth and id...
Limble Acquires FM360's Professional Services Business, Names Founder John Rimer VP of Professional Services
/PRNewswire/ -- Limble, the modern maintenance and asset management platform, today announced the acquisition of the professional services business from FM360,...
Trimble still evaluating possible transport tech business sale
Trimble continues to weigh a possible sale of its transportation technology business after potential buyers approached the company with acquisition interest.
A company built around Andre Agassi and Stefanie Graf plans one membership for club access worldwide.
Let's Play plans exclusive country licenses, anticipates hotel and resort partnerships and U.S. club acquisitions; Jonathan Fornaci was named president.
September Monthly Review: Health MCP Guy?
For all the time I spend talking about APIs and data exchange, this newsletter has had embarrassingly little interoperability of its own. It’s old-school SaaS, baby - UI or bust. Not all of that is my fault! Substack, for all its popularity, is (as mentioned before) really frustrating as my system of record. The primary user it optimizes towards is the reader, whose attention feeds the app, the Notes feed, and the recommendation network that Substack is actually selling. Health API Guy is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe They’re falling into the same trap that Medium once sprinted into, albeit at a much more glacial speed. Younger generations may not remember (or never knew) it, but Medium once lured publications like The Ringer and Signal v. Noise onto its platform, only to lose them as it rebuilt itself around a paywall and an algorithmic feed. Substack’s original pitch circa 2020 was the antidote (you own your list), but every new feed feature chips away at it. I get it: writers are generic supply in the eyes of the Substack product team. Generic supply follows demand, so the consistent pressure on the PMs is to generate demand, which leads to every product cycle going toward discovery (Notes, recommendations, the app, live video). The end result lackluster author tools (laggy and broken analytics are truly crippling) all despite the premium price point. The archive is where it crosses from authorial gripes to actual reader impact, though. Across Substack and LinkedIn, I’ve published 1,218 posts and nearly 900,000 words since 2018. Substack’s native search can see only the 464 posts that live on Substack, and even there it’s woefully inadequate at surfacing relevant content (even for the guy who wrote it)! Readers have the same problem, writ large. Ask the Archive Fixing search (for both my readers and my own use) turned out to be extremely non-trivial, unfortunately: There’s no public API for readers to access content RSS exists for new content notification, but it only carries the 20 most recent posts and cuts paid ones off at the preview The only Substack MCP is an admin tool for analytics The export exists for authors, but it’s painfully awkward and slow. So I built something to work around that: the Health API Guy MCP. It’s a private MCP server holding the full text of everything I’ve written across Substack and LinkedIn. Add it to Claude or ChatGPT as a connector and you can ask things like: It pairs keyword search (for acronyms and case names, of which we have many) with semantic search. Every post is also labeled by topic, form, and court case, so you can pull a lawsuit’s (or multiple cases’) entire docket across Substack and LinkedIn in one query: Hail, Healthapiguyhydra This is also a bit of me eating my own cooking. I’ve spent the year arguing that headless healthcare is arriving and that developers want primitives over abstractions. Last week in Hail, Benihydra, I watched Salesforce plug its platform into Claude and bet that the records underneath outlive whatever interface sits on top: Salesforce must believe that the Hydra’s immortal head is the records, permissions, and business logic (in that they will survive whatever happens to the interface). It felt a bit hypocritical to keep my own archive behind a Substack search bar. The archive is the body. Substack is one head, and now whatever tool you might use is another. Will the EHRs follow my lead? Probably not imminently, but one can hope! Why Founding Members Only The MCP is available to Founding Member subscribers. A few reasons: It costs money and time to run. Hosting, the database, Clerk usage and AI compute for search and labeling are significant operational costs (that increase with usage). Substack gives me no way to automate access. There’s no API to check whether someone is a paid subscriber, so every user is manual operations for now. It’s a beta. We’ll need to improve things and parts will break. I’d rather they break for a small group of dedicated readers who will tell me about it. The Founding tier deserved a real benefit. Until now it was mostly a generous tip. Now it comes with something. If you’re already a Founding Member, reply to this email with the address you’d like provisioned. If you’re not and want in, upgrade here. Larger teams (such as companies) can get access too: group subscriptions at the Founding tier come with the group discount. The admin for the subscription can reply with the list of addresses to provision. Get 20% off a group subscription Pricing Founding membership is now a flat $200 a year, replacing the old suggested $150 that readers could adjust. Existing Founding Members will have access grandfathered in at their previous rate. Month in Review Articles Published Make Networks Dumb Again (Sep 11): AI is making old analog networks cheaper to use and flooding them with machine traffic in the process. A plea for agent-native rails with the intelligence at the endpoints, and for Washington to drag them to ubiquity. Interoperability, Unbuttoned (Sep 29): Interoperability is a series of workflows in a trenchcoat, and this post finally takes the trenchcoat off. A color-coded map shows which provider workflows went digital, which are fragmented, and which still run on fax. Video Content Antitrust’s System of Record Problem (Sep 3): The FTC’s investigation into Epic prompted a ninety-minute webinar, now posted with chapters and a smoothed transcript. We get into why market definition, missing B2B share data, and the SSNIP test leave antitrust poorly suited to systems of record, plus why information blocking may be doing more than any pending lawsuit. The Information Exchange: Cerner Milking Edition (Sep 18): This was so fucking fun. Ryan Tucker, Ryan Brickner, Brad Thorson, and I try an Around the Horn format, complete with points, penalties, and a mute button. We debate whether Oracle Health is dead, who would actually buy Cerner (IBM enters the chat), p(Doom), and why the front desk still hands you a clipboard. Regulatory Ask Not What Your Network Can Do (Sep 23): CDC’s RFI on public health data intermediaries lists use cases already served, unevenly, by eCR, lab reporting, IZ Gateway, and syndromic surveillance. The real opportunity sits in one question about AI: a network that can handle the next emergency without another interface project. Court cases Particle v. Epic: The Naughty Schoolteacher (Sep 4): After a summer-long vigil, the answer on Epic’s early summary judgment bid is two paragraphs and a remedial assignment. Particle advances to the next grade, and market definition gets another year of discovery. The Epic Discovery Files (Sep 8): Texas’s motions to compel arrive with a 251-page appendix of requests, objections, and meet-and-confer letters with Cravath. Inside: Epic using generative AI for document review, denied interoperability requests in scope, and Noerr-Pennington raised against lobbying discovery. Epic v. Health Gorilla: “Working as Designed” (Sep 9): Epic wants nothing to do with the data breach MDL, and explaining why puts fresh discovery on the public docket. The spiciest allegation: Health Gorilla told GuardDog to scrub its law firm business from its website instead of cutting off access. Veeva v. Epic: Legal Bypass Surgery (Sep 15): Veeva asks the Wisconsin Supreme Court to skip the Court of Appeals, while law professors and three policy groups line up as amici. Meanwhile, Epic’s lawyers apologize for another round of citation errors, including a quote that never existed. Texas v. Epic: Behind the Black Bars (Sep 17): The court portal served up Epic’s unredacted filings, revealing a $5 million document review budget and the AI workflow behind it. Also inside: the 200-plus company names Texas wants searched, and one very expensive Zoom invitation. OpenEvidence v. Doximity: Consequences Will Follow (Sep 25): OpenEvidence tells the court it will not comply with a discovery order, and its own lawyers at Quinn Emanuel say they won’t defend the choice. Add years of Slack reported unrecoverable, and Rule 37 sanctions come into view. Health Tech Keeps Choosing Violence (Sep 28): Doximity moves to end OpenEvidence’s case, Epic asks Texas to show its work, and a sleepy Audacious Inquiry patent fight sprouts antitrust and information blocking counterclaims. The main event is a long-sealed Cognizant v. Infosys ruling that hints where system of record antitrust claims can survive. EHRs One Verb for Oracle Health (Sep 14): Oracle’s earnings call quantifies every data center to the decimal point, while Oracle Health gets a single verb: “accelerate.” Panning the few healthcare mentions turns up an agentic care management system, a research-to-care ledger play, and the question of whether healthcare gets Larry’s patience. Epic’s Forretress Under Siege (Sep 30): Judy Faulkner tells a panel Epic paused hundreds of projects to harden its software and calls it a “shame,” while a spokesperson insists the roadmap hasn’t changed. Project Glasswing, a Pokémon-branded QAN sprint, and a trove of Jodel grievances reconcile the two Epics and preview the Jevons paradox coming for all software. Industry Analysis Scanning for a Network (Sep 1): Scan.com raises $220M to build the imaging network labs never got, speedrunning Zocdoc’s consumer-to-B2B pivot. Its wedge to network density may be the most American one available: personal injury litigation. The Front Desk Wants the Damn Whole Building (Sep 16): Hello Patient buys Converse Health, pushing its AI front desk into referrals, chart work, and prior auth. The copilot categories keep blurring, and your distribution partner is still your final boss. Cross-industry Comparisons A Different Patchwork Quilt (Sep 10): Healthcare loves to envy open banking, but the US version has no mandate, a toll booth at Chase, and data quality problems of its own. The grass isn’t greener; it’s another American patchwork quilt, and perhaps a worse one. Hail, Benihydra (Sep 21): Salesforce brings its platform into Claude, Slack, and its own agent, inviting the interfaces that might replace it. Cut off one head and more grow back, so long as the records underneath stay put. Living on A Trade Secret Prayer (Sep 22): Six credit unions are suing Fiserv, the Epic of core banking, by claiming their own member records as trade secrets. Banking has no Cures Act, so its lawyers reach for legal alchemy that healthcare has already tried. Other News None this month External Media Nabla Accelerate NYC: I kicked off fall conference season at Nabla’s Accelerate event in New York, where Delphine Groll opened by asking the room to picture the company it wants to become and the one it doesn’t. I liked her framework of bureaucracy, fear, and ego as the blockers. I also love vendor conferences/events in general - different vibe than industry biggies. Healthcare 101 with Nikhil Krishnan: I briefly guest lectured Out-Of-Pocket’s Healthcare 101 class. Appreciated Nikhil’s takeaways cover whether AI doctors can query HIEs, why healthcare’s data-liberation rules beat most industries’, and the hi-res graphic is in the comments. HCN: Epic Probed by the FTC: I joined the HCN guys to talk through the FTC’s investigation into Epic. Cedric’s new hairdo was an unexpected plot twist. The episode also covers MFN drug pricing, healthcare M&A and Eli Lilly’s acquisition streak. Fall Conferences: At eHealth Exchange’s Annual Meeting in Austin on Oct 27, I’ll moderate a panel on the tensions between AI, HIEs, and timely patient access with Jean Ross (Primary Record), Therasa Bell (Kno2), Byron Crowe (Doctronic), and Michael Marchant (Freenome). Here’s the rest of my schedule if you want to meet up: CommonWell (Redwood Shores, CA): Oct 13-14 Will be participating in a fun Jeopardy event Open@Epic (Madison, WI): Oct 20-23 Will be enjoying Verona, Willy Street, and other local adventures eHealth Exchange and Sequoia Project (Austin, TX): Oct 27-29 Yeehaw HLTH (Vegas): Nov 15-18 Groundhog Day, Venetian Edition RSNA (Chicago): Nov 30-Dec 2 See me at “Governing AI in Breast Imaging: What Health Systems Are Actually Doing” Digital Health Counsel 2026 AI Summit (Seattle): December 2-3 Will likely be speaking to a bunch of lawyers about information blocking Posts I Liked ChatGPT’s Epic integration: game changer or nothing burger?: Joshua Liu, MD offers five thoughts on OpenAI’s Epic launch, starting from the point that it rides the same open APIs available to anyone. He argues read-only access leaves ordering to Art and the ambient startups, and asks why HCA is piloting it alongside Commure. He’s sorta a must-follow at this point - consistently excellent, thought-provoking takes. Epic, Lilly, and the Discovery pass: Seth Chaney reads Epic’s first major Discovery deal (with Eli Lilly), as well as its revised developer terms on commercial displays, as the pipe finally opening between EHRs and pharma. Life sciences and health continue to collide. Scott Rossignol on EHR payer platforms and ePA fees: Scott argues the top ambulatory EHR vendors are turning the prior auth mandate into a per-member-per-year toll on payers, for an API whose operating cost has nothing to do with covered lives. His fix is two lines of regulatory text: put the CRD/DTR/PAS certification criteria in the Base EHR definition, and bring payer-facing ePA connectivity under § 170.404’s cost-based fee rules. It’s a good solution. Health API Guy is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Inseego completes acquisition of Nokia’s Fixed Wireless Access business
Transaction expected to approximately double Inseego’s revenue and expand its global footprint across Europe, the Middle East, Asia, Oceania, and the Americas
New Guide, 'How Do I Get ChatGPT To Recommend My Business?', Strategy Revealed
Authority Acquisition's new guide explains how ChatGPT recommends businesses based on discoverable published content, not paid placement, and ou...
Sec. 338(h)(10) elections in business acquisitions
A Sec. 338(h)(10) election can allow parties to a business acquisition to treat a statutory stock purchase as a deemed asset sale for income tax purposes, potentially benefiting both the buyer and the seller. This article discusses the election’s mechanics, eligibility rules, and tax consequences, as well as practical deal considerations.
Looking at the Ugly Side of the Paramount-Skydance Merger...And How I’d Fix It
A Message from Our Sponsor Certified Fresh with 100% on Rotten Tomatoes, FX’s Adults is an ensemble comedy series about a group of twenty-somethings in New York leaning on each other to navigate love, work, friendship and family. Don’t sleep on “The Sitcom of the Moment” - Awards Buzz All Episodes now streaming on Hulu on Disney+. Watch The Teaser Trailer... (Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industr(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Before we dive in, I wanted to congratulate Broadcast Now for being the first to report that Netflix’s How to Get to Heaven from Belfast has been cancelled. (I saw this in a write-up by Kasey Moore of Whats-On-Netflix.) More importantly, I wanted to note that, as of yesterday, none of the other trades had reported the news yet. I have half a guess that eventually one of them will report this. Anyways, it’s time to take a break from my deluge of streaming ratings reports to continue my analysis of the Paramount Skydance Warner Bros. Discovery (PSWbD) saga. As I noted last week, a lot of times when folks use the (sometimes cliched) “the good, the bad and the ugly” framing for an article, “the ugly” section is just more bad. Or very, very bad. In this case, yeah, I do think it’s ugly. In more than one way. Unfortunately, we’re only going to have time to tackle one of those ways today: the ugly pile of debt to finance this deal. (In a future article, I may cover the entire process for how it went down, which was very, very ugly.) Last issue, I explained why I liked this deal in a vacuum. Unfortunately, “vacuums” don’t exist outside of space. Let’s dive in. Subscribe Most Important Story of the Week - The Ugliness of the Paramount/Warner Bros. Merger More than one person sent me a note speculating that the big problem with Paramount Skydance buying Warner Bros. Discovery is the “Warner Bros.” portion of the deal. In fact, that’s a take I read a lot about Warner Bros., ever since they caught Netflix’s, and then Paramount-Skydance’s, eye. In short, multiple companies (Time, AOL, AT&T, Discovery) have bought and then regretted buying Warner Bros. Since it’s nearing Halloween, you could almost say it’s like the folks think WB is cursed! It’s a haunted studio—like the town of Derry in movie studio form—and whoever takes possession of it will fall into misery! Yet...I just don’t like that story, because it doesn’t explain the “why” behind why those deals fell through. Especially when Warner Bros. has continued to succeed as a TV and film studio in the intervening two decades. Lord of the Rings? Harry Potter? Game of Thrones? Everything HBO? Considering it never fully owned a broadcast TV channel, this media company has done pretty well. So what went wrong? Well, in recent years, companies bought Warner Bros. instead of the other, smarter option. Explaining POCD (And Applying It to Mergers & Acquisitions) As I explained last issue, one of my favorite frameworks is the POCD tool for evaluating venture capital investments: People Opportunity Context Deal The bar to invest as a VC is high. (Or I might say “was” since cheap interest rates made life easier last decade.) You review a thousand prospectuses, get pitched by a hundred, and invest in the ten best, with the hopes that one of those ten would pay for the rest. That means every element of a deal needed to pay off: you needed the right people running the companies, who could capitalize on the right opportunity, in the context of an industry that was ripe for disruption. If you could then not overpay, you could make some money in a smart deal. The analogy isn’t perfect here, but close enough. For a merger or acquisition to work, you need the combined company (which is the opportunity) to make more than the price you need to pay (which is the deal). Note: the people and context still matter, but with M&A, it’s a little more straightforward: does the opportunity exceed the cost? And usually with Warner Bros., it hasn’t. If you want to find out the single biggest mistake made by the Warner Bros. suitors over the last few years (and my simple fix) become a paid subscriber. I’ll also touch on who I think Paramount-Skydance could (shockingly) consider buying next, TBD, and more. Sign up here.
Cascadia Healthcare Expanding Oregon Footprint With Acquisition of Sapphire Health’s Nursing Home Portfolio
Cascadia Healthcare is on track to become Oregon’s largest post-acute care provider with plans to acquire 11 facilities from Sapphire Health Services, a
Federal judge allows Paramount-Warner merger to move forward
A federal judge in Oakland has approved a settlement that allows Paramount Skydance Chief Executive David Ellison to finalize his $111 billion acquisition of Warner Bros. Discovery. Ellison is aiming
UPMC completes acquisition of Ohio-based Trinity Health System
UPMC has officially expanded its footprint into Ohio. The Pittsburgh-based hospital system and insurer announced Wednesday that it had completed its acquisition of Trinity Health System from Chicago-based CommonSpirit Health. Trinity’s facilities will transfer to UPMC on Thursday. They include Trinity East and West campuses — both in Steubenville —
Forum Health Names Elizabeth Campbell Chief Financial and Development Officer
/PRNewswire/ -- Forum Health today announced Elizabeth Campbell as Chief Financial and Development Officer. Campbell will lead fundraising and acquisitions...