In this article, we are going to list the 15 biggest media companies in the world. Click to skip ahead and jump to the 5 biggest media companies in the world.
What are the biggest media companies in the world? The word media, which is the plural of medium, refers to the channels of communication through which news, music, movies, education, promotional messages, and other data are distributed. The media industry is comprised of fields of advertising, broadcasting, and networking, news, printing and publishing, digital, recording, and motion pictures, and each has its associated infrastructure. Media companies conduct business within these areas and offer end-users products and services from individuals to large organizations.
The pandemic has affected every business around the world and the media industry is one of the sectors that has been hit hard. During lockdowns, the suspension of film and television projects caused release dates to be postponed and contributed to content recycling. The strict social distancing protocols have prevented us from going to theme parks, resorts, theaters, and stadiums. This has contributed to major declines in profits from ticket sales, merchandising, promotions, and advertisement. People stayed at home for most of the year and this has impacted their choices and patterns of media consumption.
In 2020, the global media industry reached a size of almost $1.713 trillion, inched up by 3.8% since 2015 at a compound annual growth rate (CAGR). The market is expected to grow at a compound annual rate of 9.3% from $1.713 trillion in 2020 to $2.670 trillion in 2025. The streaming sector of the media industry is one of the few sources of entertainment during the lockdowns. Netflix has seen a 22.8% increase in the number of subscriptions in the first quarter of 2020, while Disney+ has reached 50 million subscribers worldwide 2 years ahead of schedule. Companies in the media market are eye-balling on the re-allocation of resources to consumers or digital offerings to remain relevant to the current situation.
The majority of the world’s leading media companies are U.S.-based companies. The market is dominated by the presence of a large number of entertainment and media houses and their massive investment in technological development and innovation. The European media market held a 26.9% market share in 2019. While Asia-Pacific held a 23.6% share in global media market share.
In 2015, Comcast wast the world’s largest media company according to the 11 biggest media companies in the world. The behavior of the audience has changed since then. Today, we will give you the most accurate list of the biggest media companies in the world. We reviewed these companies’ most recent annual financial statements and ranked them by the most valuable numbers that will help us identify how big a company is which include revenue, market cap, and assets, and the number of employees. Rankings of the biggest media companies were arranged from the smallest to biggest starting at number 15:
15. News Corp (NASDAQ: NWS)
Revenue: $9.7 B
Market Cap: $10.58 B
Assets: $16.3 B
Number of employees: 28,000
Country: United, States
News Corp is a globally diversified media and information services company that engages in creating and distributing authoritative and engaging content to consumers and businesses around the world. The company is composed primarily of businesses across a wide range of media, including news and information services, book publishing, digital real estate services, cable network programming.
14. Altice Group (NYSE: ATUS)
Revenue: $9.8 B
Market Cap: $20.48 B
Assets: $35 B
Number of employees: 10,700
Country: United States
Altice Group is a multinational cable and telecommunications company with established operations in France, Israel, Belgium & Luxembourg, Portugal, the French West Indies/Indian Ocean Area, and the Dominican Republic and Switzerland. The company integrates technology with research and development and enables people to live up to their passions by providing original content, high-quality and compelling TV shows, and international, national, and local news channels.
13. FOX (NASDAQ: FOX)
Revenue: $11.7 B
Market Cap: $17.28 B
Assets: $20.5 B
Number of employees: 7,700
Country: United States
Fox Corp. is providing compelling news, sports, and entertainment content thru FOX News Media, FOX Sports, FOX Entertainment, and FOX Television Stations.
In an article, Silver Ring Value Partners mentioned that:
“Fox Corporation was created following the sale of a portion of the business to Disney. What remains is the Fox News network, FOX broadcast network and major-market TV stations, as well as the national sports cable networks. Of all the assets, Fox News is by far the most important, contributing approximately 75% of normalized profitability. It is also the one that has the strongest sustainable competitive advantage. Almost half of the country perceives it as a must-have network, and it therefore enjoys very inelastic demand. I consider the business to be of Excellent quality. The management team is experienced and has a good track record of value creation. They have recently shown restraint in not bidding to recoup the regional sports network business that the predecessor company sold to Disney and that the latter was forced to divest. Finally, the balance sheet is in solid shape, with net Debt/EBITDA at under 2.5x. My range of values is between $20 and $107, with a base case of $56. This is driven by a business that I believe has normalized EPS/FCF of $2.75-$3.00 in a few years that is growing in the midsingle digits. The company also has a number of excess assets that are worth close to $10/share. The largest of these is a sizable NOL which allows it to reduce its cash taxes for many years, as well as a stake in Roku and a valuable studio lot. I purchased the stock at ~ $35/share, or around 11x forward 12 months normalized EPS excluding excess assets. I sized the investment as a small, 5%, position because 1) the downside is > 35% and 2) this investment has meaningful correlation of long-term business outcomes with our Discovery investment. I do believe that the two companies are complementary, and both are positioned to avoid the competitive fiction content market. Longer-term it wouldn’t surprise me if Discovery and Fox merge as this would give them even more scale and make their combined offering even more must-have.”
12. Omnicom Group (NYSE: OMC)
Revenue: $14.9 B
Market Cap: $13.41 B
Assets: $23.7 B
Number of employees: 70,000
Country: United States
Omnicom Media Group is one of the largest media companies in the world specializing in advertising, marketing, and corporate communications providing services to more than 5,000 clients in more than 100 countries. The company offers a wide range of marketing solutions spanning brand advertising, customer relationship management (CRM), media planning and purchasing services, public relations, and a wide range of specialty communications services to drive bottom-line results for our clients.
Revenue: $16.9 B
Market Cap: $9.5 B
Assets: $41.5 B
Number of employees: 134,281
Country: United Kingdom
WPP plc is British multinational communication, advertising, public relations, technology, and commercial holding company and is considered to be one of the largest advertising companies in the world.
Revenue: $17.8 B
Market Cap: $25.3 B
Assets: $41.9 B
Number of employees: 44,641
Vivendi SE is a French-based integrated content, media, and communications group working across the entire media value chain. The business manages Universal Music Group, the Canal+ Group, Havas, Gameloft, Vivendi Village, New Initiatives, and the Corporate Group.
9. BCE Inc. (NYSE: BCE)
Revenue: $18.1 B
Market cap: $36.6 B
Assets: $46.4 B
Number of employees: 52,100
Bell Canada Enterprise, Inc. is a telecommunications and media conglomerate engaged in the provision of communications services to residential, business, and wholesale customers. The core operations include conventional, specialty, and pay television, digital media, radio broadcasting, and out-of-home advertising services. BCE has wired and wireless connection as well.
8. Netflix (NASDAQ: NFLX)
Revenue: $21.4 B
Market value: $238.89
Assets: $35.1 B
Number of employees: 8,600
Country: United States
Netflix and chill? The world’s biggest internet streaming company distributes films and TV shows in a variety of genres and languages with over 200 million paid subscribers in more than 190 countries. Netflix produces its content and negotiates with other producers for the distribution of programming rights. Netflix still delivers DVDs to US customers by mail, although the legacy business is getting smaller every year.
In an article we posted, Ensemble Fund highlighted the growth of the company and why Netflix should be included in your portfolio:
“Two years ago, we shared that Netflix was reaping the benefits of its unique business model, where a generational shift in video services over the Internet-enabled Netflix to dream big and bet big – to become the first global-scale direct to consumer subscription media company.
Unlike traditional media companies, its growth opportunity was not limited by regional relationships like cable and satellite companies who had built and owned physical connections to their customers. It was one that was open to reaching anyone with the more pervasive virtual connection, the Internet – wired or wireless – anywhere in the world at the click of a button. The traditional link between reaching a customer as a media provider and the physical infrastructure build was no longer a limit to growth and economics.
Netflix’s success in realizing this opportunity has everything to do with the company’s culture born of its history as an internet-based, innovation-driven business, which drove it to build capabilities that have underpinned its execution.”
Copyright: lculig / 123RF Stock Photo
7. ViacomCBS (NASDAQ: VIAC)
Revenue: $27.81 B
Market Cap: $23.04 B
Number of employees: 11,200
Country: United States
One of the biggest media companies in the world is formed by the merger of Viacom and CBS Corporation in 2019. The company now owns media brands all over the world, including the various CBS networks, Channel 5 in the UK, and MTV. Its holdings include a database with 3,600 film titles and 140,000 TV episodes along with Paramount Pictures Studio, the CBS broadcast network, cable network brands such as Nickelodeon and Comedy Central, as well as streaming services including CBS All Access.
6. Charter Communications Inc. (NASDAQ: CHTR)
Revenue: $45.8 B
Market value: $132.23 B
Assets: $150.6 B
Number of employees: 95,100
Country: United States
Charter Communications, Inc. is a major broadband connectivity company and cable operator serving more than 30 million customers in 41 countries through its brand Spectrum. Charter Communications also distributes award-winning news coverage, sports, and high-quality original shows to its customers through Spectrum Networks and Spectrum Originals.
Click to continue and see the 5 biggest media companies in the world.
Disclosure: None. 15 Biggest Media Companies in the World is originally published at Insider Monkey.
Social media's sea shanty trend scores well with musician-curator – CBC.ca
Southern Ontario folk musician Ian Bell says it makes sense that sea shanties are taking off on social media right now because they are participatory and easy to learn.
“It’s easier to learn Heave ‘Er Up and Bust ‘Er than it is to try and figure out all the bits for, say Bohemian Rhapsody or something,” Bell, who is also the former curator of the Port Dover Habour Museum, told CBC.
“I think for a lot of people, singing shanties at this moment is like the musical equivalent of learning to bake your own bread.”
The social media platform Tik Tok is awash in videos of people performing the traditional work songs or altering others’ videos of them, and even talk show hosts such as Stephen Colbert have gotten in on the action.
The songs are appealing because of their communal nature, Bell said.
“There is nothing better than being in a large gang of people who are singing their faces off often in three or four part harmonies, and it’s one of those situations where it kind of goes beyond musical. You know the vibrations can go right through you,” he said.
One of the best shanty sings used to take place at the Mill Race Festival in Cambridge, he said, where 60 or 70 singers would pack into the Kiwi Pub and belt out the numbers.
Songs to make work easier
Shanties aren’t so much songs as they are templates of songs, Bell said.
The rhythm helped workers carry out tasks in unison such as pulling in sails on sailboats.
“Some of the jobs needed a bunch of short pulls, and some of the jobs needed longer pulls, and so there was a whole repertoire of songs that fitted those needs and that the sailors sang to make the work go a little more easily,” he said.
But the lyrics were fluid.
Each work crew might have a shantyman — possibly the person with the loudest voice — who might recall some of the original words to the number, but there was a lot of improvisation, Bell explained.
“If the job wasn’t over and he’d finished the song, ‘Well, we’ll add a verse about the cook,'” he added.
Great Lakes shanties name local spots
A number of sea shanties were written on or about the Great Lakes and they are particular to the types of ships on the lakes, he said. Specifically, they were schooners rather than clipper ships.
There were lots of capstan shanties, or songs sung while rotating the capstan to pull in an anchor, he said. Some also specifically mention the lakes or the surrounding areas.
“They mention Buffalo and they mention Long Point and they mention Windsor and Sarnia,” Bell said.
For those wanting to learn a shanty or two and get in on the social media activity, Bell recommended Bully in the Alley and It’s Me for the Inland Lakes.
“I love the way it’s happening on Tik Tok,” Bell said, “which I haven’t tried, because, let’s be frank; I’m an old guy.”
InvestorChannel's Media Watchlist Update for Friday, January, 22, 2021, 16:12 EST – InvestorIntel
InvestorChannel’s Media Stocks Watchlist Update video includes the Top 5 Performers of the Day, and a performance review of the companies InvestorChannel is following in the sector.
Sources Include: Yahoo Finance, AlphaVantage FinnHub & CSE.
For more information, visit us at InvestorIntel.com or email us at email@example.com
– Media Central Corp Inc (FLYY.CN) 0.02 (33.33%)n- QYOU Media Inc (QYOU.V) CAD 0.21 (24.24%)n- Moovly Media Inc (MVY.V) CAD 0.14 (16.67%)n- WOW! Unlimited Media Inc (WOW.V) CAD 0.51 (2.00%)n- HubSpot Inc (HUBS) USD 393.48 (1.21%)n- MediaValet Inc (MVP.V) CAD 2.82 (1.08%)n- Stingray Group Inc (RAY-A.TO) CAD 7.66 (0.92%)n- Corus Entertainment Inc. (CJR-B.TO) CAD 4.95 (0.61%)n- Slack Technologies Inc (WORK) USD 42.65 (0.54%)n- Wix.com Ltd (WIX) USD 249.49 (0.23%)n- Zoom Video Communications Inc (ZM) USD 383.40 (0.15%)n- Adobe Inc. (ADBE) USD 472.44 (0.09%)n- Postmedia Network Canada Corp (PNC-A.TO) CAD 1.55 (0.00%)n- Quizam Media Corp (QQ.CN) 0.37 (0.00%)n- Lingo Media Corp (LM.V) CAD 0.08 (0.00%)n- Glacier Media Inc. (GVC.TO) CAD 0.35 (0.00%)n- ZoomerMedia Limited (ZUM.V) CAD 0.11 (0.00%)n- Thunderbird Entertainment Group Inc (TBRD.V) CAD 2.95 (-1.01%)n- Network Media Group Inc (NTE.V) CAD 0.17 (-2.94%)n- GVIC Communications Corp. (GCT.TO) CAD 0.29 (-17.14%)n
Opposition leader urges UN to halt Belarus media crackdown – 570 News
CAMEROON, Cameroon — The main opposition challenger in Belarus’ disputed presidential election urged the United Nations on Friday to call for a halt to “violence and lawlessness” in the country, including media censorship, internet shutdowns, website blockages and cancellation of accreditation for journalists.
Former presidential candidate Sviatlana Tsikhanouskaya told an informal meeting of the U.N. Security Council that since September the situation in her nation “has only worsened” and the media remain under assault from President Alexander Lukashenko’s regime.
Mass protests have gripped Belarus, a former Soviet nation of 9.5 million people, since official results from the Aug. 9 presidential election gave Lukashenko a landslide victory over Tsikhanouskaya. She and her supporters refused to recognize the result, saying the vote was riddled with fraud.
Authorities have cracked down on the largely peaceful demonstrations, the biggest of which attracted up to 200,000 people. Police have used stun grenades, tear gas and truncheons to disperse the rallies, and thousands of people have been beaten. Nevertheless, the protests have continued.
According to the Belarusian Association of Journalists, in 2020 independent journalists were detained over 470 times, 97 served administrative arrests, 50 media websites were blocked, and 15 journalists are currently facing “false criminal charges,” Tsikhanouskaya said.
But the former English language teacher said the assault on the media “is just part of the bigger picture of repression in Belarus,” where she said more than 32,000 people have been detained and about 900 are suspects in politically motivated criminal cases. She said the U.N. has reported 400 cases of torture and eight activists have died “in relation to state-backed violence.”
“Not a single government official has been held responsible,” she said.
“In spite of this violence, Belarusians continue protesting every day,” Tsikhanouskaya said. “This demonstrates courage, dignity and resilience.”
Among journalists under arrest are four members of the Belarus Press Club, including its founder, Yuliya Slutskaya; Ihar Losik, administrator of the most popular social media channel in the country who has been on hunger strike for over a month; and three female journalists imprisoned on charges of organizing mass protests and disclosing information about a protester, Roman Bandarenka, who was “killed by the regime’s cronies,” Tsikhanouskaya said.
She said her husband, prominent video blogger Siarhei Tsikhanouski, “is charged with organizing mass protests but his guilt is telling the truth and running for president.” She said she and their two children haven’t seen him for almost eight months.
Tsikhanouskaya became a presidential candidate after her husband’s arrest on May 29, and she fled to neighbouring Lithuania after the election in fear of repercussions.
Pavel Latushka, a member of the Belarus opposition’s Coordination Council, highlighted examples of “the essential role of independent media that show the abuses perpetrated by the Lukashenko regime.” Several journalists spoke of their ordeals and their colleagues’ courageous reporting.
Tsikhanouskaya said the U.N. should “take a vocal stand to stop the violence and lawlessness in Belarus,” including against the media, and she called on the Security Council to put Belarus on its agenda — a move strongly opposed by council member Russia, which is Belarus’ neighbour and ally.
The virtual council meeting was organized by Estonia and co-sponsored by France, Ireland, Norway, the United Kingdom and the United States.
Estonian Foreign Minister Urmas Reinsalu expressed alarm that “representatives of free media — journalists, cameramen, bloggers — have been turned into a target for the government’s repression along with the protesters.”
Russia’s deputy U.N. ambassador, Dmitry Polyansky, called the meeting “a clear provocation and a blatant attempt of interference into internal affairs of a sovereign state.”
He said claims where a losing side doesn’t accept election results and claims they were “fraudulent” and “rigged” aren’t rare. He pointed Donald Trump’s refusal to concede that he lost the U.S. presidential election to Joe Biden while claiming widespread election fraud.
Polyansky said there are further similarities between the United States and Belarus.
“The losing side instigates popular protest,” he said. “But there is a big difference in how these cases are presented by the Western media.”
“Whereas actions here (in the United States) are characterized as criminal, the actions of Belarusian opposition are being praised and its appeals are supported with sanctions while self-proclaimed leaders are being presented as legitimate leaders of the country `a la (Juan) Guaidó’” in Venezuela, Polyansky said.
Edith M. Lederer, The Associated Press
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