"Sun Valley Conference: Media and Tech Moguls Gather Amidst Economic Freeze"
Originally Published 2 years ago — by Deadline
The annual Allen & Co. Sun Valley Conference is set to take place with a lineup of media and tech moguls, but the economic climate is dampening major dealmaking. The conference, known for its high-profile attendees, provides a neutral ground for conversations, but recent factors such as inflation, regulatory environment, and tighter oversight have hindered M&A transactions. Venture capital deals have significantly decreased, and interest rates are making financing expensive. Traditional media companies are streamlining their operations and exploring ways to shed legacy assets. The future of Hulu's ownership between Disney and Comcast remains uncertain.