Currently, the entertainment and media world is a booming sector. Its overpowering glamour casts a spell on the people irrespective of ages. The wide array of the entertainment sectors includes films, television, newspapers, news channels, radio, video games, music, and presently, social media. The media and entertainment companies have made a progressive growth in recent years at an unprecedented rate and made unbelievable economic profit worldwide.
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Entertainment Industry Front-Runners
The most widely popular entertainment companies include:
21st Century Fox Studios
21st Century Fox Studios is an American film studio company established in 1935, named after its creator William Fox. Since 2019, it has become a division of The Walt Disney Studios. Before its acquisition by the Walt Disney studios, the whole Fox Group included such divisions as:
- Fox Family
- Fox 2000 pictures
- 20th Century Fox Animation
- Fox Star Studios
- Zero-Day Fox
- Fox Searchlight Pictures
It currently holds 12,000 employees. The company’s net income is $4.98 billion and the operating revenue of $3.3 billion.
Universal Studios is the biggest film company, and the most popular films of all time have been created by them right from 1920s to 2019, including Jaws (1975), Head over Heels(2001), The Fast and the Furious (2001), The Mummy (2017), Despicable Me, Jurassic Park, Pitch Perfect 3 (2017), etc.
Warner Bros. Entertainment, Inc.
Warner Bros. Entertainment, Inc. is another American entertainment company established in 1923. It holds 8000 employees with an operating revenue of US $ 1.761 billion and a revenue of $ 13.866. It has produced phenomenal films, such as:
- Man of Steel (2013)
- Mad Max: Fury Road (2015)
- Anabelle Comes Home (2019)
The list is never-ending.
Walt Disney Company
The Walt Disney Company is a mass entertainment company founded in 1932 in California by brothers Walt and Roy Disney. The company established itself as the leader of the kid’s entertainment world so much so that there are presently theme parks based on Disney- Disneyland, both in America and Singapore.
One of its unique and most vivid productions is the Mickey Mouse, and the first film featuring the Mickey Mouse was released in November 1928. Another famous work was the Disney princess series beginning with Snow White and the Seven Dwarfs. Other than the eight fairy tale characters, Disney has added their own creations in the list, such as Pocahontas and Mulan and currently the two sisters-Elsa and Anna from their latest work Frozen (2015).
Their total equity is $193.984 billion (2019), with an operating income of US$14.168 billion and a revenue of US$69.570.
Netflix first started its journey in 1997 as a DVD “rent by mail” service in California, America. It grew rapidly and soon became a competition for Blockbuster entertainment. On a report of 2019, Netflix had over 148 million paid subscribers all over the world. It has a net income of US$1.211 billion and an operating income of US$1.605 billion. One of its best productions includes Orange Is the New Black (2013)– A series based on the life of inmates in the USA. It had far-reaching impacts on the people. Some of their other works include Stranger Things, House of Cards, 13 Reasons Why, Umbrella Academy, Money Heist, so on and so forth.
The Unparalleled Popularity of Video Games and Online Games
The video game industry is silently taking over the media and film industry in the entertainment sector. They are reshaping the entertainment world. Video games not only involve kids but people up to 40 years old.
- Call of Duty: WWII
CoD, the world at war, tops the list of the most popular video games at present. It is a first-person shooter-style video game with a world war setting that allows multiplayer games online.
Player Unknown Battlegrounds is an online multiplayer game. It mainly involves battle royal, produced by PUBG Corporation. It reported $920 million in revenue in 2018. In a year, it gained a profit of $310 million in 2019.