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  • Biggest Media Companies in the United States

    Media companies are thriving, especially digital media companies these days. Various advertisements are used to generate revenue by these companies: programmatic advertising, sponsorships, subscriptions, native promotions, and more. Furthermore, a lot of digital media companies are out there growing. Thanks to the increasing number of people using the internet and with the need to keep up with everything, the speed at which the internet works these days is increasing. 5G networks are rolling in offering more and better services.

    Advertising, broadcasting and networking, news, print and publication, digital, recording, motion pictures, events, and more, all of these specifications fall under the umbrella of two words: the media industry, with each having its unique way of working. But in today’s world, with the rapid development of new technology and the internet, the media industry has lived through much change itself. Some companies are revolutionizing how we look at and define media today.

    Every company is a media company – David Ogilvy

    People will continue to want to stay informed and entertained. Look at the top  Media companies that originated in the U.S.

    Microsoft
    Meta (Facebook)
    American Telephone and Telegraph (AT&T)
    Walt Disney Company
    Netflix
    Alphabet Inc.
    Comcast Corporation
    Charter Communications

    Microsoft

    Founders Bill Gates and Paul Allen
    Founded in 1975
    Headquarters Redmond, Washington, United States
    Revenue $198.27 Bn (2022)
    CEO Satya Nadella

    Biggest Media Company | Microsoft
    Biggest Media Company | Microsoft

    History has witnessed a thirteen-year-old writing his first program on a teletype computer, a tic-tac-toe program in basic computer language purchased for the school by the mother’s club. This company right here does not need any introduction, nor does the co-founder of Microsoft, and philanthropist famous for creating history.

    Bill Gates has a history of excelling in his school, getting exemplary grades and scoring 1590 out of 1600 on a Scholastic Aptitude Test. Gates and Paul Allen later bonded in school over their love of computers, and the rest of the story is known to the world. Bill has worked with Steve Jobs and they did get along well. It is one of the lesser-known facts, but Microsoft rescued Apple in the year 1997 from running into bankruptcy.

    The organization is believed to be responsible for the emergence of the term “tablet”. It has been experimenting, leading to prototypes for its product designs. Microsoft has gained over 10,000 patents, applying for 3000 more per year. Also well known for its computers and gaming consoles.

    Recently there were alleged reports that Microsoft did try to buy Discord and Pinterest this year, and it shows the prominent role of the internet in the area of digital media. Here is a list of companies, right from social media platforms to interactive media companies that fall under the umbrella of Microsoft Corporation.

    • LinkedIn Corp.
    • Skype
    • GitHub
    • Mojang
    • aQuantive
    • ZeniMax Media Inc         ‌‌

    Meta (Facebook)

    Founder Mark Elliot Zuckerberg
    Founded in 2004
    Headquarters 1 Hacker Way, Menlo Park, California
    Revenue $116.6 Bn (2022)
    CEO Mark Elliot Zuckerberg

    Biggest Media Company | Meta
    Biggest Media Company | Meta

    The most popular social networking app has rebranded itself as Meta. The most expensive acquisition that Facebook has ever made is that of WhatsApp. Facebook bought it for 19 million in the year 2014. Evolving the way we connect recently, Facebook has also rebranded itself as Meta. Metaverse is further changing how other platforms work as well with virtual and augmented reality.

    Facebook has acquired over 90 companies. The count is based on names that the company has disclosed. However, there may be more acquisitions that have not yet been announced.

    Some well-known companies acquired by Meta (Facebook) are as follows:

    • Instagram
    • Oculus VR
    • Onavo
    • Beluga
    • WhatsApp

    Media has taken on a whole new aspect with the introduction of the metaverse. This features virtual and augmented reality and the technologies associated with it that could boom in the coming years.            ‌‌             ‌‌

    American Telephone and Telegraph (AT&T)

    Founders Alexander Graham Bell and Gardiner Greene Hubbard
    Founded in 1983
    Headquarters Dallas, Texas, U.S.
    Revenue $120.74 Bn (2022)
    CEO John T. Stankey

    Biggest Media Company | AT&T
    Biggest Media Company | AT&T 

    It ranks as the number one and largest communication company in the world by revenue and has over 100+ million U.S. mobile subscribers, according to the report for 2020. It has over 200 million subscribers worldwide. AT&T provides branded telephones, cabling systems, and consumer electronics.

    Representing quality in global communications, connecting people with 5G, internet & fiber, technology & innovation, and entertainment with Warner Media and its streaming platform HBO Max. This platform stands out as a strong brand. It is also the first company to offer a 5G network in the USA.

    Selling out premium content, which is a plus point to establish deeper relationships with its consumers, with storytelling, in turn, converting them into loyal customers.

    Their channel, CNN, reaches over 200 billion people. A deal between Warner Media and Discovery has also been struck to combine content and compete with Netflix and Disney.

    AT&T has 98 companies under its umbrella and some of them include:

    • HBO and Cinemax
    • Turner Entertainment Networks
    • Adult Swim and Cartoon Network
    • CNN News Group
    • DC Entertainment and Films

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    Walt Disney Company

    Founder Walt Disney and Walt O. Disney
    Founded in 1983
    Headquarters Burbank, California
    Revenue $82.7 Bn (2022)
    CEO Bob Chapek

    Biggest Media Company | Walt Disney
    Biggest Media Company | Walt Disney

    Providing entertainment to its audience, having a powerful vision and acquisition has got the Walt Disney Company where it is today. Disney also defines the world of animation. Back in 2019, it officially acquired 21st Century Fox. Now the media giant holds under these three categories various companies:

    Disney media and entertainment distribution

    Disney+, ESPN+, Hulu, Hotstar, Disney Music group

    Disney Studios

    Studios include Walt Disney Studios; Walt Disney and Pixar Animation Studios, and Pixar Animation Studios. Marvel Studios. Lucasfilm, Disney theatrical group, 20th-century studios. Searchlight Pictures.

    General entertainment

    20th television studios, ABC entertainment; the ABC-owned television stations group, ABC News, ABC signature, Disney-branded television, freeform, FX, Hulu originals; National Geographic. The Walt Disney Company’s cable channels, ESPN+, and ABC.

    The amount of control over these companies by Disney depends upon the percentage of ownership it has over them.

    Most of Disney’s revenue is generated from:

    • Media networks
    • Park and resorts
    • Studio entertainment
    • Consumer products and interactive media

    Netflix

    Founders Reed Hastings, and Marc Randolph
    Founded in 1997
    Headquarters Los Gatos, California, U.S.
    Revenue $31.6 Bn (2022)
    CEO Ted Sarandos

    Biggest Media Company | Netflix
    Biggest Media Company | Netflix

    You can’t think of media without adding Netflix next to it, such as the established position it has acquired in the minds of everyone. Netflix changed the game when they introduced a subscription model in the year and no doubt is the competition of all the new platforms coming in wanting to not miss out on the streaming revolution that is making rounds.

    Starting as a DVD-by-mail business in the year 1997, it changed its business model over time. The revenue comes in from the subscription fees from the members; it had 192.95 million paid subscribers, according to reports from the second quarter of the year 2020. Another study revealed that most of its users are from the U.S. and Canada in 2021. As of now, it has over 231 million paid subscribers.

    Lastly, keep in mind that Netflix is exploring new areas and aiming to expand its empire in gaming. Releasing five games back in November, which are available on iOS and Google Play Store, Netflix is slowly taking the company to another level as it plans to release three new mobile games globally.             ‌‌             ‌

    Alphabet Inc.

    Founders Larry Page, and Sergey Brin
    Founded in 2015
    Headquarters Mount View, California
    Revenue $76 Bn (2022)
    CEO Sundar Pichai

    Biggest Media Company | Alphabet
    Biggest Media Company | Alphabet

    Alphabet Inc. the parent company of Google, was established in the year 2015, and co-founded along with Sergey Brin, who also serves as the Director, to make the core business of Google cleaner and more accurate. Alphabet Inc. identifies as a company that falls under the computer service industry. The holding company includes segments of Google: Google services, Google Cloud and Google Workspace.

    Google is involved in businesses like:

    • Engagement in advertisement
    • Sales of digital content
    • Applications
    • Cloud offerings

    Not to forget its hardware products, which are:

    • The pixel phones
    • Chromecast with Google TV
    • Google Nest Hub smart display‌‌

    Apart from this, Alphabet Inc. is also engaged in other segments. The most recent buzzing news is about the deal Verizon Communications signed with Alphabet Inc’s Google Cloud to use its 5G network, its computing powers, and more.

    Comcast Corporation

    Founder Ralph J. Roberts
    Founded in 1963
    Headquarters Philadelphia, Pennsylvania
    Revenue $121.43 Bn (2022)
    CEO Brian L. Roberts

    Biggest Media Company | Comcast
    Biggest Media Company | Comcast

    Comcast Corporation, the biggest cable TV and broadband provider company, has been a part of many firsts in history. David Sarnoff founded the first permanent radio network, NBC, in the year 1926, which brought the Olympics to the world with NBC covering it.

    In 2010, they opened the doors to the Wizarding World of Harry Potter. In 2018, Xfinity became the largest Gigabit Internet Provider in the United States in more than 58 million homes, which was faster than any other internet service provider at that time. 2020 had been the best year for Comcast for its broadband. And apart from this, some recent acquisitions in the past few years by Comcast include:

    • Sky
    • DreamWorks Animation
    • NBCUniversal

    They have also launched Peacock, Xfinity Flex, xFi, and more. The media and technology company also has won broadcasting rights for the Olympic games 2032 back in 2014.

    Charter Communications

    Founders Barry Babcock, Jerald Kent, and Howard Wood
    Founded in 1993
    Headquarters Stamford, Connecticut
    Revenue $54 Bn (2022)
    CEO Tom Rutledge

    Biggest Media Company | Charter Communications
    Biggest Media Company | Charter Communications

    Charter, which is a broadband and cable operating company, has served over 32 million customers with the help of its brand Spectrum. The services provided by Charter Communications Inc. are further divided into:

    • Spectrum networks
    • Spectrum Original
    • Spectrum Reach
    • Spectrum Business
    • Spectrum Enterprise

    With more than 30 Spectrum Networks Delivering Local News and Sports. It aims to be the broadband provider of the future that is fast and secure.

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    Conclusion

    The United States media industry is dominated by a handful of large conglomerates, including The Walt Disney Company, Comcast, AT&T, ViacomCBS, and Discovery, among others. These companies control various media outlets such as television networks, movie studios, streaming services, and publishing houses, enabling them to reach millions of people every day.

    While this concentration of power has led to concerns about media diversity and competition, these companies have also played a significant role in shaping American culture and influencing global media trends. As the media landscape continues to evolve and new technologies emerge, these companies will likely remain major players in the industry for years to come.

    FAQs

    What are the 5 biggest media companies?

    Some of the biggest media companies are:

    • Comcast
    • AT&T
    • Walt Disney
    • Netflix
    • Alphabet

    Which is the biggest media company in the US?

    Comcast is the biggest media company in the U.S.

    Who Owns the Media in the U.S.?

    U.S. media outlets are owned by 15 billionaires and six corporations.

  • 9 Unknown Facts About Walt Disney You Might Not Know

    Walt Disney was not just a cartoonist or an entrepreneur. He was one whole box of talent ranging from artist to producer. Even after these many years, Walt Disney is not someone that can be forgotten with time. Instead, his legacy is getting bigger and bigger day by day giving out much appreciation and recognition to him even after so many years.

    Walt Disney or Walter Elias Disney was born on 5th December 1901. He was an American actor, producer, entrepreneur, cartoonist, etc. He had achieved much fame and name in his course of life. Let us look at the 9 most intriguing unknown facts about him.

    1. In a School Play, Walt Disney Performed as Peter Pan
    2. Walt Disney Forged His Actual Birth Date to Do His Share of Work in WW1
    3. Walt Disney’s First Big Creation Was Not Mickey Mouse
    4. He Was Mickey Mouse’s Voice Actor
    5. Disney Land Has a Secret Apartment for Its Real Owner – Walt Disney
    6. Walt Disney Worked for the Government by Encouraging Them Through Propaganda Films During WW2
    7. Disneyland Was Conceived as a Small-Scale Project as First
    8. Walt Disney Created History by Winning the Highest Number of Academy Awards
    9. Walt Loved Trains

    1. In a School Play, Walt Disney Performed as Peter Pan

    Disney Peter Pan Cartoon
    Disney Peter Pan Cartoon

    The plot of Peter Pan had a particular place in Walt Disney’s heart because it was not only a hit film for him in 1953, but it also transported him back to his youth. The reason behind it was that Walt was required to play the character of a boy. A boy who would not grow up in a school production especially after witnessing Peter Pan on Broadway.

    Another memorable thing about that play was the collaboration of Walt Disney and his brother. The brother was responsible to take charge of the rope that was attached to give the mimic flying over the stage.

    2. Walt Disney Forged His Actual Birth Date to Do His Share of Work in WW1

    Walt quit school at the age of 16 to join the Red Cross Ambulance Corps in order to participate in World War I. Walt was just 16 years and the minimum age requirement was given a deadline of 17 years. In order to deal with this, Walt wrote a duplicate birthdate on his birth certificate.

    Walt Disney as a Red Cross Ambulance Driver
    Walt Disney as a Red Cross Ambulance Driver

    Disney was dispatched to France in late 1918. The armistice of the war was soon signed after the dispatch of Walt to France saving him from getting much involved in the actions of the war. Before being dismissed in 1919, he continued to assist where he could, driving Red Cross officials and conducting other jobs.

    3. Walt Disney’s First Big Creation Was Not Mickey Mouse

    Universal Studios commissioned Walt and his principal animator Ub Iwerks to develop a cartoon character for them in 1927, and Oswald the Lucky Rabbit was the result. Oswald was a great hit, with plenty of merchandise to go around.

    Oswald the Lucky Rabbit
    Oswald the Lucky Rabbit

    With his unique work, it didn’t take much longer for Walt to get fame for his work. With the fame on board, Walt decided to travel back to New York in 1928 in order to re-bargain with the producer Charles Mintz.

    Whereas on the contrary Charles Mintz was prepared with a different plan to deal with Walt Disney. He was fully prepared to slash the budget and was also working toward snatching Disney’s animator by the means of inappropriate ways without his knowledge of Walt.

    As a result, Universal got Oswald’s rights, and Disney left New York feeling like he’d lost practically everything. However, talent can be recognized anywhere. While on the way back to California, Disney came up with the idea of Mickey Mouse and drew him on the train journey. The character of Mickey Mouse actually created a way for Disney to gain back his fame and a way to surpass the popularity of Oswald.

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    4. He Was Mickey Mouse’s Voice Actor

    Mickey Mouse initially appeared in a short film called “Steamboat Willie” in 1928, which was one of the first cartoons to employ synced sound effects. Mickey Mouse clubs, goods, and a comic strip were all created as a result of the rodent’s rapid rise to fame.

    Steamboat Willie
    Steamboat Willie

    A year later to that, a voice was given to Mickey mouse in the tone of Walt. “The Karnival Kid,” was said in the tone of Walt. The actual reason behind having his own voice for Mickey Mouse was that Walt was quite dissatisfied with any other tried voice for Mickey.

    Walt was not fully agreeing with any other character sound imitating his phrase “Hot dog, hot dog”. So he went up to take the charge and gave his own contribution to the voicing of Mickey Mouse. He continued to do that until 1947  with the last work as “Mickey and Beanstalk”. After that Walt stated that he was too busy to do it.

    The famous scene responsible for Walt Disney to voiceover of Mickey Mouse
    The famous scene responsible for Walt Disney to a voiceover of Mickey Mouse

    5. Disney Land Has a Secret Apartment for Its Real Owner – Walt Disney

    It is, in fact, still visible over the fire station. Walt’s private abode is rarely available to the public, but VIPs are given visits on occasion. The abode is kept the same as before with no change in its construction or things kept inside it. Even for consideration, there still stands a lamp kept on the window that is visible from the street.

    Walt Disney Lamp
    Walt Disney Lamp

    As for belief, it is made a routine to keep that lamp always on. The lamp indicates the presence of Walt in the park.

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    6. Walt Disney Worked for the Government by Encouraging Them Through Propaganda Films During WW2

    During WWII, Disney employees developed educational films for a variety of federal agencies, including “The New Spirit,” a 1942 animated short commissioned by the Treasury Department to encourage citizens to pay their income taxes as a method of supporting the war effort.

    The picture, starring Donald Duck, was seen in hundreds of theatres and was even nominated for an Academy Award. The Disney studio also generated free-of-charge training films for the American military and over a thousand insignia for military units, with designs based on both old and new Disney characters.

    The New Spirit
    The New Spirit

    Although Walt was first hesitant to risk damaging his image as a non-political entertainer by making overtly political works, his crew finally produced animated pieces like 1943’s “Der Fuehrer’s Face,” which mocked the Nazis and included Donald Duck once more. Walt was also inspired by reading Major Alexander de Seversky’s 1942 best-seller “Victory Through Air Power.”

    Victory Through Air Power
    Victory Through Air Power

    In order to gain support for the book’s contentious beliefs regarding the strategic long-range bombing, he chose to adopt it as a 1943 live-action-animated feature film of the same name, propelled by his own patriotism. The picture was seen by both President Franklin D. Roosevelt and British Prime Minister Winston Churchill, and it is said to have left an influence on both of them.

    7. Disneyland Was Conceived as a Small-Scale Project as First

    The fragment for creating Disneyland somewhere belongs to the visits made by Walt Disney to the various amusement parks, especially with his daughters. At first, Walt wanted to create a small tourist attraction point.

    More precisely, he wanted to create an entertainment place for all those people who used to come to visit him. With the introduction of the idea, Disney purchased 160 acres of land near his studio Anaheim.

    The purchase was done in 1953 with its construction started in 1954. Apart from these, Disneyland was successfully launched in 1955. The introduction of the uniqueness of Disney was carried out by Walt during a television press broadcast by ABC  Television Network.

    8. Walt Disney Created History by Winning the Highest Number of Academy Awards

    Walt Disney standing with all of his oscar trophies
    Walt Disney has the highest number of Oscar win

    Disney is too famous in almost all parts of the world. Undoubtedly, the popularity earned by Disney has actually led it to achieve many successful awards and nominations.

    In fact, Disney holds the record for possessing the most individual Oscar wins and nominations (22) when counted in the whole history of academy awards (59).

    A poster of Flower and Trees
    Flower and Trees

    The first award appreciation owned by Walt was for “Flower and Trees”. The highlight for the same was that it used the new three-strip Technicolor technique, to stand out in the best short subject (cartoon) category at the fifth Academy Awards ceremony (1932). Coincidentally, Disney was recorded to win the same award for the following consecutive seven ceremonies.

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    9. Walt Loved Trains

    Trains have long been a source of curiosity for the renowned filmmaker. Walt’s father and uncle both worked on railroads, and as a teenager in Kansas City, he sold newspapers and snacks on trains for a short time.

    Another matching point between the train and Walt was that Walt learned about losing the right over his own cartoon creation Oswald the Lucky Rabbit was also informed to him on his train journey only.

    After that, Walt began working on the character that would become known around the globe as Mickey Mouse (contrary to popular belief, Walt did not have a pet mouse on which to base Mickey) on the train only. Later, as a method to relax from the stress of his job, Walt built extensive model train sets.  

    Walt found a unique yet therapeutic measure to get him distressed. He went on to build himself a steam locomotive at the end of 1940. Apart from that, after entering his new home in 1950, Walt again laid a half-mile of rails especially for his trains and around the property owned by him.

    Walt Disney Train in his backyard
    Walt Disney Train in his backyard

    He used to dress up as a train engineer and give tourists rides on his Carolwood Pacific Railroad, which was named after the street where he resided. His love of railways is evident in Disneyland, which has had its own railroad since its inception in 1955.

    Conclusion

    Walt Disney was a man full of talents. He was and is still counted amongst the great legends who are remembered and recognized due to their talents in the world. Walt Disney was counted as an artist, producer, cartoonist, and many other similar jobs. The 10 most intriguing facts about him are shared above.

    FAQs

    Who created Mickey Mouse?

    Mickey Mouse is an animated cartoon character invented by Walt Disney in the year 1928.

    Who owns Disney world now?

    Disney World is currently owned by “The Walt Disney Company”.

    What is Walt Disney’s full name?

    Walt Disney’s full name was Walter Elias Disney.

    Who was the first Disney character?

    The first Disney character was Oswald the Rabbit.

  • List of Biggest Media Companies in the World

    The participation of mass media enterprises such as commercial, print publication, digital media, motion pictures and news, make media companies the most powerful. In the early 1980, over 90% of the media in America was run by almost 50 different companies. But in 1992 the number dropped to less than twenty-four, and in recent years, that same 90% lay fallen to a number of major conglomerates.

    Here is the list of the Top media giants that set a benchmark for other media enterprises throughout the world.

    Comcast
    The Walt Disney Company
    Time Warner
    CBS and Viacom
    Netflix
    Sony
    The New York Times Company
    YouTube
    Zee News
    FAQ

    Comcast

    Net Worth estimated at around $210 billion.

    Founded almost 58 years ago, Comcast is a massive multimedia conglomerate in the world by revenue. In 2014, Comcast reportedly made nearly $69 billion as reported by the Securities and Exchange Commission (SEC). In 2013, Comcast has owned 51% of NBC Universal from GE (General Electric).  Hence Comcast is the preeminent one, for its strong commitments and consistency.

    It is the single major cable TV operator and internet service provider in United States. However, the content is created through its subsidiaries like AT & T Broadband, DreamWorks Animation which is then aired over TV and the Internet through Comcast Xfinity. The leader company is headquartered in Philadelphia, Pennsylvania.

    Comcast vs Disney
    Comcast vs Disney

    The Walt Disney Company

    Net Worth is estimated at around $220 billion.

    The next largest mass media and entertainment conglomerate is The Walt Disney Company and its corporate headquarters are in Burbank, California. The company has ownership in pleasure grounds, film studios, and multiple television networks, such as the ABC, A&E and ESPN.

    They also have holdings in heritage companies like Marvel Entertainment and Lucasfilm of the Star Wars franchise. The mission is to entice and inspire people from all over, with recognized brands, entertaining sources and new innovations.

    Time Warner

    Net Worth is estimated at around $80 billion.

    Time Warner is an independent conglomerate, and is also recognized as the world’s biggest producers by revenue. By 1990, the company became the world’s most famous media company until Warner signed an unsuccessful amalgamation with Dot-Com Bubble that ultimately led to heavy fall of $98.7 billion alliance in 2002.

    The Dot-Com Bubble was one of the most major economic events in recent history that ultimately led to a stock market crash. The Dot-Com Bubble started in 1990s with a rapid wave of new internet companies. So like many other companies, Time Warner too suffered recession with the merger.

    But in 2009, Time Warner regained its leader position. As per 2017 reports, Warner is estimated to have raised $31.27 billion in approx. Since then, AOL and Time Inc., as well as Time Warner’s entire cable division have become separate companies.

    CBS and Viacom

    Net worth of Viacom CBS is estimated at around $17.5 billion.

    CBS and Viacom, being among the diversified multimedia conglomerate reportedly made about $14 to $15 billion in revenue each as per 2013 records. They used to be a single conglomerate administered by National Amusements, a movie theater chain.

    Viacom CBS
    Viacom CBS

    On 13 August 2019, it was officially announced that CBS and Viacom would merge into a new entity known as Viacom CBS after their separation from the first personification of Viacom in January 2006.

    Netflix

    Net Worth is estimated at around $234billion.

    Relatively a new comer to the Entertainment industry, Netflix is one of the top entertainment media that has expanded over time. In just 20-25 years, it has set the bar high making billions in annual revenue, and ranking 15th on the most innovative companies list. And is the 79th most relevant media in the world.

    Netflix Fact
    Netflix Fact

    The film and television joint i.e., Netflix both in annual revenue of approximately $7.15million. The company is headquartered in the town of Scotts Valley, California.

    Sony

    Net Worth is estimated at around $95billion.

    Sony is the biggest and most diverse conglomerate corporation, based in Japan that includes game and network services, music, pictures, and electronic products and solutions.

    The New York Times Company

    Net Worth is estimated at around $10 billion.

    Established in the year 1851, The New York Times Company is currently under the chairmanship of A.G. Sulzberger. The company aims in enhancing society by creating, collecting and distributing high quality news, and other media properties.

    It also produce iconic newspapers and is one of the most respected source of news. In 2019, it had a raise of $1.81 billion revenue. Along with YouTube, Facebook and Twitter, the company added new digital subscribers in the recent quarter.

    YouTube

    Net Worth is estimated at around $170 billion.

    Indeed YouTube is the pulsating sensation of the electronic community that has incited the video sector. From my reminiscence, VCR and then DVD player were the only source of medium to watch videos, and then we moved to cable networks and now its YouTube.

    YouTube fact
    YouTube fact

    But only about 30 years ago, streaming videos over the internet was pretty much the toughest science figment. The YouTube phenomena has been around for approximately 15 years and already it has definitely changed the world with its influence and it is truly over-whelming.

    Zee News

    Net Worth is estimated at around $93 billion.

    Owned by the Essel Group, Zee News is an exclusive news channel from India and World that research and streamline breaking news relating to business, glamour, economy, politics, sports, art and science. With a dedicated team of sincere and efficient employees, the company is predominantly focused on public awareness about all affairs.

    The journalists reach anywhere and everywhere to give eyes to the necessities, and with this they are able to spread cognizance about uncertainties and promote good for the better. In 2018, there was a raise in valuation from about 75 billion rupees.

    FAQ

    Is Google a media company?

    Richard Gingras, an American Internet executive and entrepreneur, argues that the company does not “produce media” that this is the reason Google does not describe itself as a media company.

    What is the richest entertainment company in the world?

    Comcast is the richest entertainment company in the world.

    Who is the biggest broadcaster in the world?

    Comcast Corp is the biggest broadcaster in the world.

    Conclusion

    Digital media companies are different from traditional companies as they tend to have more streams of revenue. Media industry is considered as the one of the most profitable industries in world. Many advertisers are more comfortable paying to reach consumers online.

  • Popular Subsidiaries Of The Walt Disney Company

    For the people born in the 21st century, Disney has been the main part of our childhood, we grew up watching their cartoons and animated movies. Disney which is also known as the Walt Disney Company is an American conglomerate which is headquartered in Burbank, California. The company is a leader in the sectors of entertainment and one of the largest media companies because of its subsidiaries and acquisitions like ABC, ESPN, Pixar, 21st Century Fox, Lucas Films, Marvel, National Geographic, etc. The company is known to have over 210,000 people and generated total revenue of $65.39 Billion in 2020 alone.

    The company was founded by the famed Disney brothers, Walt and Roy Disney in the year of 1923. The new CEO of the company is Bob Chapek. The company is popular for its International theme parks, an animation studio that has made iconic movies, numerous business franchises, top-notch media and entertainment under its belt. Disney’s business is divided among its different acquisitions and subsidiaries.

    The four main parts are Disney’s media networks: Parks, Resorts, experiences and products; Studio and entertainment and direct to consumer and international. Walt Disney is usually given the credit of being one of the pioneers in film making.

    The company is not only one of the best in the animation industry but also live-action film production and television. The company is also into publishing, consumer products, and international operations and is recently getting big in the sector of the direct-to-consumer with Over The Top/streaming services like Disney+, Hulu, ESPN+, and Hotstar.

    It so far has 14 theme parks, many resort hotels, cruise lines across the world among which the most popular are the Disney theme parks and amusement parks. Disney created the iconic character Mickey Mouse (the first sound cartoon) in 1928 that is recognized by everyone around the world.

    A Brief History of the Walt Disney Company
    The Walt Disney Subsidiaries and Acquisitions
    Disney Media and Entertainment Distribution
    The Walt Disney Parks, Experiences and Products
    The Walt Disney Studios
    The Main Subsidiaries under Walt Disney studios
    FAQ

    A Brief History of the Walt Disney Company

    The Walt Disney Company was created by Walt and Roy Disney, they first opened the Disney Brother Cartoon Studio in Hollywood, California in October 1923. After that Walt Disney started drawing cartoons for many publications and became interested in animation during this time period. They then went on to produce short films like Laugh O Gram and Alice’s wonderland. In 1928 it came out with the Steamboat Willie, which introduced the first sound cartoon Mickey Mouse, today Mickey Mouse is one of the most recognized cartoons around the world.

    The next hit by them was the famous Snow White and the seven Dwarfs in 1937 which was a chart buster. In the 1950s the company made its first live action film called Treasure Island, then made the animated movies of Cinderella and the series of Mickey Mouse Club which catapulted the company into the limelight.

    Walt Disney passed away in 1966 and was survived by Roy Disney who continued the supervision of the company. By that time Disney had already opened many theme parks but its first international theme park was opened in 1982.

    In 1980’s the company started its own channel (Disney Channel) on Cable TV. Michael D Eisner became its chairman in 1984 and helped the company grow to new heights. Since then the company continued making show stopping movies which was acclaimed by everyone and at the same time helped the animation industry grow.

    It then diversified into other sectors like the Action film production, television and theme parks. The animation studio changed its name to the Walt Disney Production in 1986 so it could focus on its different sectors which were theater, radio, music, merchandising, publishing and media.

    Net income of Walt Disney
    Net income of Walt Disney

    The Walt Disney Subsidiaries and Acquisitions

    In the 1950’s it built many hotels, amusement/theme parks and started acquiring many media and entertainment properties in the 90s. In 2006, the company acquired Pixar which is known for making digital animated movies like Toy Story, Finding Nemo, The Incredibles, etc. In 2009, Disney sold Miramax Studios in order to downsize the Touchstone Pictures. The same year it also brought Marvel Entertainment which is known for making many superhero franchises like Iron Man, Spiderman, Deadpool, etc. Disney also acquired Lucasfilm in 2012 which is known for the Star Wars franchise.

    The company now owns the big names in the entertainment and media industries like ABC broadcast television network, ESPN, A+E Networks, Pixar, Marvel Studios, Lucas films, 20th FOX, etc. The company started with a couple of animators who made short children cartoon films, today is one of the most popular companies in the world. The company is trying to make it corporate because it wants to market to a larger audience by providing mature content. The company subsidiaries and acquisitions are divided under three main business sections which are:

    • Disney Media and Entertainment Distribution
    • The Walt Disney Parks, Experiences and Products
    • Walt Disney Studio

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    Disney Media and Entertainment Distribution

    This division is headed by Kareem Daniel and is mainly responsible for the distribution, operations, sales, advertising and promoting the other three sectors of Disney which are its Parks and products, Walt Disney Studios, Disney’s Entertainment Sector and Sports sector.

    This division was formed in October 2020. This sector also manages the Disney’s direct to consumer business which includes its various streaming platforms. The main OTT/ streaming platforms of Disney are Disney+, Hulu, ESPN+ and Hotstar. This also manages other sectors of Disney international holding such as Star India and other television networks, Disney’s music group and the company’s media distribution.

    Disney +

    Disney plus is an OTT and subscription-based video on demand service that is owned and operated by Disney. It was made available in India through Hotstar in April 2020 and then rebranded in as Disney+Hotstar. This platform was initially made to distribute films and televisions shows that are made from its wide range of its entertainment companies under Disney which are the Walt Disney Studios, Walt Disney Television and subsidiaries Pixar, Marvel, Star Wars and National Geographic and more.

    Disney plus was launched in November 2019 for US, Canada, Australia, New Zealand and September 2020 for the European countries, November 2020 for Latin American countries. As of January 2021, the platform has over 94.9 million subscriptions. The cost of Disney+ in the US costs $6.99 per month and $69.99 per annum, while in India the Disney+ Hotstar VIP is Rs. 399 per year and Disney+ Hotstar Premium costs Rs. 299 per month/Rs 1,499 per year. Disney+ is now one of top ten OTT platform in the world.

    Hulu

    Hulu is also one of most well know OTT platform/ subscription video on demand service that is owned by both The Walt Disney Company and Comcast’s NBC Universal according to equity. In 2010, Hulu became the first OTT platform to upgrade to plus that provided extra services like earlier access to episodes and programs from different partners.

    As of December 2020, Hulu had over 16.6 million subscribers. It was only in 2019 that Hulu was brought by Disney as it then acquired the 21st Century giving it the 60% majority stake. The other stake holder of Hulu is comcast which made a deal with Disney to purchase 33% stake in the company by 2024. The cost of Hulu basic in the US is $5.99 per month, with the Premium costing $11.99 per month, however Hulu is not available in India.

    Hulu Subscribers 2015 to 2020
    Hulu Subscribers 2015 to 2020

    ESPN+

    ESPN plus is the OTT/subscription video streaming service that is the online version of the ESPN TV channel. ESPN+ is owned by Disney in partnership with the ESPN Inc. ESPN is also one of the most known OTT platforms in the US. Like Hulu and Disney plus, ESPN plus also uses the technology of the company’s subsidiary the BAMTech.

    Unlike the TV version the ESPN+ covers sports such as the Golf, Cricket, Rugby, Soccer, Combat sports like top rank boxing, hockey league, other basketball leagues that are sometimes exclusive and not aired on TV.  As of November 2020, ESPN plus has over 10.3 million subscribers. The cost of ESPN+ in the US is $6 per month and $60 annual.

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    The Walt Disney Parks, Experiences and Products

    The Disney Parks, Experiences and Products are one of the most important parts of the company. This sector mainly includes Walt Disney’s Theme parks/amusement parks, cruise lines, resorts and other consumer products. Josh D’Amaro is the head of this division. Some of the most popular holdings are the Walt Disney World, Disneyland resort, Tokyo Disney Resort, Disneyland Paris, Hongkong Disneyland Resort, Shanghai Disney Resort, Disney Vacation Club, Disney Cruise Line and Adventures of Disney.

    The company uses its own and its subsidiary’s brands and franchise such as Disney studios, Marvel, LucasFilms, Pixar, ESPN, 20th FOX and the National Geographic and incorporates in its holding in order to create magical moments for its visitors. It makes global products in 100 categories such as figures, toys, jewellery, tech, etc that bring stories and characters to life.

    Disney is also known to be one of the leading providers of family’s travel and leisure experiences with the help of 6 international resort destinations, 12 theme parks and 53 resorts.

    Disney is also known for making high quality games on mobile and console platforms for all ages which are based on the character’s and stories it owns. The company’s publishing sector is the world largest publisher especially for the children books and magazines. It is also a leader in licensing as it is present in 68 countries and done in 45 languages. It also has a top-rated cruise line that is popular and other unique vacation experiences like vacation clubs and adventures by Disney.

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    The Walt Disney Studios

    One of the main divisions of Disney’s business as it has many of its main acquisitions and subsidiaries under it. The Walt Disney Studio consists of big names in the film and entertainment industry besides Walt Disney Pictures and Walt Disney Animation Studios such as the Pixar, Marvel Studios, LucasFilms, 21th Century FOX, Blue Sky Studios and Searchlight Pictures. The studios were founded in 1923 and is one of the oldest film studios now headed by Alan Bergman.

    Disney is known to have a industry record of about $13.2 billion at the global box office thanks to its subsidiaries. Six of the top ten highest grossing films worldwide are produced under Disney as they also have two of the highest grossing film franchises of all time.

    Disney also has two further division which are the Disney general Entertainment Content and the ESPN and sports content. These both are integral part of the company and have companies like ABC signature and ABC news, Fox networks, National Geographic and ESPN under it.

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    21st Century Fox

    21st Century Fox is one of the biggest and popular media and entertainment company that was acquired by Disney in March of 2019 for $71 billion. Earlier know as 20th Century Fox the News corporation was under Robert Murdoch. The 20th Century studios was one of the best American film studios for more than 80 years.

    The company was initially formed in 1935 with the merging of Fox Film Corporation and 20th Century Pictures. In 1985, the company became the 20th Century Fox because it was acquired by a news corporation then spilt again 2013.

    It then changed its name to 21st century Fox in January of 2020, after the Disney acquisition. The company is headquartered in the Century City area of Los Angeles, California. When Disney brought the company its also got its franchises like its TV studios, The Fox networks, National Geographic, Hulu and international networks like Star. This acquisition was important for Disney as it helped the company cater to a larger audience by providing different content.   ‌

    ABC Broadcast Network

    This is one the most powerful media companies in the world that was acquired by Disney in July of 1995 for $19 billion dollars. The company was formed in 1985 after Capital Cities acquired ABC for $3.5 billion. It wasn’t until 1995, that Disney acquired the company bringing together the two leaders of media and entertainment together. After Disney acquired this company it also the control of many Tv channels, Radio stations, high equity in ESPN, History channel, A&E Network, etc.

    Disney acquired abc for $19 billion dollars
    Disney acquired abc for $19 billion dollars

    The company rebranded itself in 1996 as the ABC television group. It is now headquartered in Burbank California, while the headquarters of the news division is in New York City. ABC has over eight owned and operated main TV station and over 232 affiliated TV stations in the US alone.

    When it comes to the ABC News sector it is also one the best news channels in the world. Few of the most famous shows of ABC news are ABC tonight with David Muir, Good Morning America, Primetime, 20/20, Sunday morning political affairs program, Nightline, etc.

    Pixar Animation Studios

    Everybody has watched Pixar movies like Toy Story, Finding Nemo, Wall E, Cars, Ratatouille etc. Pixar one of the most recognized and acclaimed animation studio which was acquired by Disney in January 2006 for $7.4 billion. Pixar was created by the iconic Steve Jobs (former CEO and founder of Apple) in 1986. The company was formed when apple first brought the animation film technology of LucasFilms. Because of Steve Jobs effort Pixar became one of the biggest animation film producers.

    Steve jobs Bought Pixar in 1986.
    Steve jobs Bought Pixar in 1986.

    The company has its headquarters in Emeryville, California. Pixar has so far made 23 feature films and many short films with its most recent movie being the Soul in 2020. Pixar has earned over $14 billion at the worldwide box office un till 2019. 15 movies of Pixar like Toy Story, Finding Dory, Incredibles 2, Toy Story 4 are among the highest grossing animated movies of all time. The company has also awarded with 20 academy awards and 9 Golden Globe Awards including 11 Grammy’s and many other awards.

    Marvel Entertainment

    Marvel Movies like Spiderman, Ironman, Captain America, Thor, Civil War, Infinity War, have been a part of our life growing up. Marvel is an entertainment giant and one of the most globally loved film and television studio that was acquired by Disney in 2009 for $4 billion.

    The marvel studios are known for its movies that are based on superheroes of the marvel cinematic universe that characters taken from the original marvel comics. The company initially went through many ups and downs of many name changes, different ownership, bankruptcy, before becoming a household name.

    Marvel’s headquarters are based in New York. The company has over 5000 characters such as Spider Man, Iron Man, X men characters, Captain America, Fantastic Four characters, and many more in the marvel cinematic universe. The marvel Studios have till now produced 23 movies based on different superheroes and its most recent one being its first television series called WandaVision in 2021. There are many marvel movies that have crossed the $1 billion box office mark. A fun fact about Marvel is, In the early 1990s, Michael Jackson tried to purchase Marvel Comics, because he wanted to produce Spiderman to play as Peter parker.

    Michael Jackson tried to purchase Marvel comics
    Michael Jackson tried to purchase Marvel comics

    LucasFilms Ltd

    LucasFilms is also one the most famous Television and Film production company that was acquired by Disney in October 2012 for $4.1 billion. Lucas Film was first created in 1971 by the filmmaker George Lucas. LucasFilms has its headquarters in San Francisco, California. The studio is known for its popular and blockbuster franchises of Star Wars and Indiana Jones.

    LucasFilm Logo
    LucasFilm Logo

    The company has been credited for its development in the sectors of special effects, sound and computer animation. Disney acquired this company to cater to the need to a wider consumer base and to get an access to highest grossing franchises. Disney also has theme parks and resorts that are based on Star Wars.

    Who was the founder of Disney and When was it founded?

    The company was founded by the famed Disney brothers, Walt and Roy Disney in the year of 1923.

    What are the main sections of Disney’s business?

    Disney Media and Entertainment Distribution, The Walt Disney Parks, Experiences and Products and Walt Disney Studios are the main sections of Disney’s business.

    What are the top five subsidiaries of Walt Disney?

    LucasFilms Ltd, Marvel Entertainment, Pixar Animation Studios, ABC Broadcast Network and 21st Century Fox are the top five subsidiaries of Walt Disney.

    What are the Three main OTT/subscription video streaming service of Disney?

    Disney+, ESPN+, Hulu are the Three main OTT/subscription video streaming service of Disney.

    Conclusion

    Disney is one of the biggest entertainments and media conglomerates in the world. This is because the company has made strategic decisions in acquiring some of the biggest companies as its Subsidiaries. No matter which industry Disney has excelled at putting out its best work. The company is so successful because it managed to change the lives of people around the world. May it be movies or its amusement parks Disney has not failed in making peoples dreams into reality.

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