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The Big Five of Commercial Media |
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After a number of mergers and acquisitions five powerful media conglomerates lead the world's content production and distribution. They operate on an international basis with subsidiaries all around the globe and engage in every imaginable kind of media industry.
Table: The World's Leading Media Companies
Media Company
| 1998 Revenues
(in US$)
| Property/Corporate Information
| AOL Time Warner (US)
| 26,838.000.000*
| http://www.timewarner.com/corp/about/timewarnerinc/corporate/index.html
| Disney (US)
| 22,976.000.000
| http://www.disney.com
| Bertelsmann (GER)
| 16,389.000.000
| http://www.bertelsmann.com/facts/report/report.cfm
| News Corporation (AUS)
| 12,841.000.000
| http://www.newscorp.com/public/cor/cor_m.htm
| Viacom (US)
| 12,100.000.000
| http://www.viacom.com/global.tin
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(* Revenues of Time Warner only (merger with AOL took place in January 2000)
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Viacom
One of the largest and foremost communications and media conglomerates in the world. Founded in 1971, the present form of the corporation dates from 1994 when Viacom Inc., which owned radio and television stations and cable television programming services and systems, acquired the entertainment and publishing giant Paramount Communications Inc. and then merged with the video and music retailer Blockbuster Entertainment Corp. Headquarters are in New York City.
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