Mega deals less likely, but media M&A show to stay strong in 2026

Mumbai: Media and entertainment deal activity is set to remain strong in 2026, with transactions increasingly concentrated in content, gaming, sports and AI-first companies with strong intellectual property (IP), say top industry executives.

Most deals are expected to be mid-sized, as companies in emerging segments have yet to achieve meaningful scale. The possibility of a large deal cannot be entirely ruled out, though it remains less likely, they said.