Biz takes tentative steps amid big changes

November 29 - Variety
By Cynthia Littleton

Transformative leaps rare in tough climate

For showbiz, 2011 has been a year of movement in fits and starts, rather than great leaps forward, as the industry grapples with a fast-changing, increasingly global business landscape.

There haven't been any transformative transactions on the scale of, say, Comcast-NBCUniversal (although that union was formally sealed in January) or Disney-Marvel. Time Warner's unsolicited $1.4 billion bid for Endemol marks the biggest bucks that any of the biz's major congloms have put on the table (at least publicly) for an acquisition.

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