Concentration of media ownership
Control of mass media / From Wikipedia, the free encyclopedia
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Concentration of media ownership, also known as media consolidation or media convergence, is a process wherein fewer individuals or organizations control shares of the mass media.[1] Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated where a few companies own much of the market.[2][3]
Globally, large media conglomerates include Bertelsmann, National Amusements (Paramount Global), Sony Group Corporation, News Corp, Comcast, The Walt Disney Company, Warner Bros. Discovery, Fox Corporation, Hearst Communications, Amazon (Amazon MGM Studios), Grupo Globo (South America), and Lagardère Group.[4][5][6]
As of 2022, the largest media conglomerates in terms of revenue are Comcast, The Walt Disney Company, Warner Bros. Discovery, and Paramount Global.