By Jon Newton 2/18/03
AOL Time-Warner, Walt Disney, Viacom, and Vivendi Universal have been on a binge to consolidate assets, making mergers and acquisitions, "the order of the day," says a new report.
The impication is, of course, that in the process, they'll gain control of international digital media.
"In nearly every country throughout the world, local creative content companies are being purchased, or obtaining equity investments from these very large Media Mega Companies," says US market research firm In-Stat/MDR.
"Twelve major media mega companies, along with four key influencers, are driving the worldwide markets for digital media and entertainment," it states. "The reports that the driving force for these very large companies appears to be that an enormous economy of scale will improve their ability to compete in a global economy.
It says these companies represent the lionís share of media-related revenue opportunities, with AOL Time-Warner currently accounting for a whopping 22.4% of the groupís value. Disney, Viacom, and Vivendi Universal each pull in about 10+% and Sony, News Corporation, Cox Enterprises, and Bertelsmann have about 5% each.
Niche players, with less than 5% of the groupís value, are LagardŤre SCA, GE/NBC, Grupo Televisa, S.A., and Liberty Media. As a group, these companiesí combined annual revenues will grow from $150 Billion in 2002 to approximately $178 Billion by 2007.
In-Stat/MDR has also found that:
Want to know more? The report, Top Dozen Worldwide Media Mega Companies Plus Four Influencers, costs a mere $1,999 US.
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Jon Newton is the editor of p2pnet.net and is a regular contributer to MP3 Newswire. Jon's site is devoted to the politics of digital music and his insights as well as those of his co-writers can be read there. We urge you to explore it.
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