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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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Economic rights
The economic rights (besides moral rights and in some cases also neighboring rights) granted to the owners of copyright usually include 1) copying or reproducing a work, 2) performing a work in public, 3) making a sound recording of a work, 4) making a motion picture of a work, 5) broadcasting a work, 6) translating a work and 7) adapting a work. Under certain national laws some of these rights are not exclusive rights of authorization but in specific cases, merely rights to remuneration.
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