The biggest question facing the media industry as 2018 arrives, according to an analysis published Wednesday by Deadline, concerns mergers and acquisitions.

“In a year defined by deals — Disney-Fox, Discovery-Scripps, Sinclair-Tribune and AT&T’s government-interrupted merger with Time Warner — the biggest question for the media and entertainment sector entering 2018 is: Who’s next?” Deadline reports. “With six major movie studios shrinking to five and one of the Big Four broadcast networks suddenly on an uncertain path, it is clear that the M&A pace will only accelerate in the New Year.”

The analysis cites big content companies including Viacom, CBS, Sony, Lionsgate and MGM as being among the most deal-inclined, along with distributors including Dish, Charter and Altice.

The piece quotes one industry executive saying: “In a consolidation phase like this, this is a game of musical chairs and the chairs are disappearing quickly.”

We encourage readers to click on the link above to Deadline to read the full analysis.