Analysis On Motivations And Effect Of M&A Of Film And TV Listed Companies

In recent years,the number of China’s film and television industry listed companies gradually increased,with financial advantages of listed companies to use mergers and acquisitions seek their own interests.With the increasing volume of mergers and acquisitions,mergers and acquisitions activities vary.Small and medium-sized investors as the main stakeholders in M&A activities,the protection of their rights and interests has become a lot of M&A activities ignored links.The article first outlines the general situation of mergers and acquisitions of listed companies in the film and television industry.Then,based on the large number of M&A cases of listed movie and television companies in recent years,the motivation and effect of mergers and acquisitions of movie and TV listed companies are explained based on the perspective of small and medium-sized investors.Huayi Brothers,the first listed company in the film and TV industry,is selected as a case study.By studying Huayi Brothers’recent acquisitions of Zhejiang Changsheng,Dongyang Haohan and Dongyang Mela,the research of Huayi Brothers M&A and mergers and acquisitions Process,the use of event analysis and financial analysis to measure the effect of Huayi Brothers mergers and acquisitions,pointed out that its mergers and acquisitions there is a violation of rights and interests of small and medium investors,based on the perspective of small and medium-sized investors using fuzzy analytic hierarchy process evaluation Huayi Brothers three M&A activities,pointing out the reasons for its deficiency.In order to protect the rights and interests of small and medium-sized investors and promote the orderly mergers and acquisitions of listed companies in China’s film and television industry,some countermeasures and suggestions are put forward at the regulatory and internal governance levels.Through the above research,this paper argues that the merger and acquisition of listed companies in China’s movie and TV industry has the damage to the rights and interests of minority shareholders.In the current film and television M&A activities in multiple years,the film and television industry listed companies should be in the merger and acquisition activities to protect the interests of investors.Therefore,this article from the perspective of protecting the rights and interests of small and medium investors to study the motivation and effect of mergers and acquisitions of listed companies in film and television industry on the rights and interests of small and medium-sized investors.