Private equity has missed the 'Barbenheimer' boom - investment in movies and entertainment is set for a 5-year low

• High-profile tours by pop musicians Taylor Swift and Beyoncé, as well as the "Barbenheimer" movie phenomenon have spurred US consumer spending this year. 
• But private-equity investors have mostly sat on the sidelines while the entertainment industry bounced back. 
• The value of PE deals in entertainment firms is on track to hit the lowest level since 2019, according to S&P Global.

The blockbuster twin-movie phenomenon popularly known as "Barbenheimer" has helped revive the entertainment industry this year from its post-pandemic blues – but one key class of investors may have missed out on the party.