Private Equity's Entertainment Shopping Spree

The Option · Feb 27, 2026 · 3m

Private Equity in Entertainment: $500 Billion Targeting Hollywood Assets in 2026Private equity firms have over $500 billion in dry powder to spend on entertainment assets. Here's what they're buying, why declining cable networks are actually attractive investments, and how PE ownership changes the game for talent and creators.In this episode of The Option, we explain private equity's counterintuitive strategy: buying "melting ice cube" assets like cable networks that lose 8% of viewers annually but still generate predictable cash flows. We examine the Discovery Global spinoff (HGTV, Food…