×
You will be redirected back to your article in seconds

The Global 50

World's leading entertainment companies by annual revenue

Our seventh annual list of the top 50 entertainment companies around the world features familiar players, some in new combos — such as Vivendi and Universal — and some in more elevated positions — such as Viacom and Clear Channel, both of which bulked up on lucrative assets in the last year.

Cablers and satcasters rallied on the revenue side but continue to take major profit hits as enormous investments in infrastructure and hard-ware mount.

In the face of the worst advertising market downturn in a decade and the deflation of the dot-com bubble, corporate strategies across the G50 board called for belt-tightening. If 1999 was all about convergence and Internet synergy, 2000 (and the first half of 2001) was about layoffs and cost-cutting.

There’s a sense that things can only get better, but the question is: When? Be it later in the year or in early 2002, entertainment congloms remain cautious.

Meanwhile, a couple of Euro giants are pondering public life. Following the lead of smaller Teutonic distributors and media companies, behemoths such as Bertelsmann and Kirch Group are eyeing stock market flotations.

Stateside, look for more buyouts and mergers under the Bush administration. The Republican-controlled Federal Communications Com-mission, for example, is likely to further relax ownership rules and bless more deals than did the previous incarnation.

More Biz

  • Hong Kong Disneyland Remains in the

    Hong Kong Disneyland Remains in the Red but Reduces Losses

    The Hong Kong Disneyland Resort theme park remained in the red for the fourth straight year, but there are signs of improvement. For the financial year to end-September 2018, HKDL reported $769 million (HK$6 billion) of revenue from 6.7 million visitors, an increase of 8%. Net losses fell from $32 million (HK$291 million) to $6.92 [...]

  • Lisa Borders Time's Up

    Time's Up President Lisa Borders Resigns

    Lisa Borders has resigned as president of Time’s Up, she and the organization announced on Monday. Borders is resigning due to family issues, she said in a statement. Time’s Up COO Rebecca Goldman will now serve as interim CEO. “As Time’s Up continues to grow, I am proud of the work I have done to [...]

  • Jussie Smollett Good Morning America

    Jussie Smollett Angrily Denies Complicity in Attack

    Attorneys for “Empire” actor Jussie Smollett issued a statement Saturday denying that he orchestrated his Jan. 29 assault, and saying he is “angered” and “devastated” by recent developments in the case. Chicago police want to interview Smollett, after learning new evidence from two Nigerian brothers who were released on Friday night. Local media outlets have [...]

  • Walt Disney Archives Founder Dave Smith

    Walt Disney Archives Founder Dave Smith Dies at 78

    Walt Disney Archives founder Dave Smith, the historian who spent 40 years cataloging and preserving the company’s legacy of entertainment and innovation, died Friday in Burbank, Calif. He was 78. Smith served as Disney’s chief archivist from 1970 to 2010. He was named a Disney Legend in 2007 and served as a consultant to the [...]

  • Colin Kaepernick Kneel

    Colin Kaepernick, Eric Reid Reach Settlement With NFL

    Colin Kaepernick and Eric Reid, two football players who alleged the National Football League colluded to oust them from the game after they started kneeling in protest of racial inequality during the playing of the national anthem, have reached a settlement in the matter, according to a statement from the sports organization and lawyers representing [...]

  • R. Kelly

    R. Kelly Could Be in ‘Big Trouble’ Over Alleged New Sex Tape, Attorney Says

    Strong allegations of sexual misconduct have followed R. Kelly for 25 years, but the singer has always managed to slip free. Yet reports that a videotape of him sexually assaulting an underage girl, combined with the outcry surrounding the Lifetime documentary “Surviving R. Kelly,” means that public sentiment, at the very least, is definitely not [...]

  • Christian Bale as Dick Cheney in

    New Media Residuals and Feature Films Contribute to Spike in Writers' Pay

    The outlook for members of the Writers Guild of America has brightened — even amid pervasive uncertainty in the entertainment industry. According to the most recent report to WGA West members, earnings surged 2.8% to $1.41 billion in 2017, thanks mostly to gains in feature films and new-media residuals. Total covered earnings for WGA West [...]

More From Our Brands

Access exclusive content