Despite Hollywood executives long warning that the entertainment industry is ripe for consolidation, Sony Pictures Entertainment CEO Ravi Ahuja believes its “very unlikely” to happen in the near-term.
“I think there’ll be a little bit of deconsolidation and consolidation. I think there could be a little bit. I don’t think there’ll be a ton of it,” the executive told an investor conference hosted by Bank of America on Thursday. “I don’t think that we’ll go down to three companies the way music did. I don’t think that happens in video. I think it’s too varied and the companies are too large. So I…
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