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SPACs have already broken last year’s record by raising a whopping $90 billion in just the last three months, according to financial analytics platform Dealogic. With the SPAC mania of 2020 showing no signs of cooling off, everyone from celebrities, Silicon Valley tech titans and veteran Wall Street investors have jumped on the bandwagon.

Variety Intelligence Platform Media Analyst and Correspondent Heidi Chung analyzes the red-hot SPAC trend and what it means for the future of the media industry.

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