“In Q1, COVID-19 brought a boost in users, subscribers and hours of consumed content for many global digital media players. Despite the market volatility in February–March, corporate finance activity stayed strong in Q1, with major transactions completed in digital video, audio and gaming. However, it remains to be seen how usage gains will be affected by potentially negative longer-term factors of the crisis: content production difficulties, lower online advertising rates, technology infrastructure overload and slowing deal activity,” said Alec Dafferner, Partner at GP Bullhound.
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About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.