There have always been a ton of alternatives for people to pick from when it comes to movies, music, TV shows, and other types of media, making the entertainment sector a successful business. But it’s no secret that the market is dominated by a small number of powerful competitors. In this essay, we’ll examine the five major media conglomerates that dominate the entertainment sector.
1. The Walt Disney Company The Walt Disney Company is the biggest entertainment company in the world, with holdings in theme parks, television, movies, and more. They are the owners of some well-known companies, such as Marvel, Star Wars, and Pixar. The company generated over $69 billion in sales in 2019, making it the world’s largest entertainment sector.
2. NBCUniversal, which owns NBC, Universal Pictures, and other media holdings, is a division of Comcast. Additionally, Comcast is the biggest cable provider in the country. The business earned $109 billion in revenue in 2018.
WarnerMedia, the parent corporation that owns HBO, Warner Bros., and other media companies, is also owned by AT&T. They are also the owners of the biggest wireless network in the country. AT&T generated revenue of more than $181 billion in 2019.
4. 2019 saw the merger of Viacom and CBS, creating ViacomCBS. MTV, Nickelodeon, and CBS are just a few of the well-known TV networks that the firm owns. The business earned nearly $27 billion in revenue in 2019.
Fifth, Sony Corporation The Japanese corporation Sony Corporation is the owner of several well-known media companies, including Sony Pictures and Columbia Pictures. Additionally, they create video games and consumer electronics. The corporation generated revenue of more than $78 billion in 2019.
What kind of business can you launch with $20,000? is the next topic we’ll discuss. Starting a digital marketing agency stands out among the many choices. With $20,000, you can purchase software, a website, and other tools to aid in the development of a profitable firm. There is a significant demand for qualified individuals who can assist firms in enhancing their online presence in the expanding field of digital marketing.
There are numerous choices when it comes to small enterprises. Franchises, consulting firms, and online stores are among the greatest, though. Franchises provide a tried-and-true business model and parental backing, whereas consulting services let you use your expertise to benefit others. E-commerce companies are another excellent choice because they have low overhead and can be operated from anywhere.
Let’s finally discuss how to register a business in Nigeria. You must select a business structure and register with the Corporate Affairs Commission (CAC) before you may register a business in Nigeria. Additionally, you’ll need to register for any required licenses and permissions, get a Tax Identification Number (TIN), and more. Although the procedure can take some time, it’s crucial to make sure your company is registered and running lawfully.