19 World’s Biggest Entertainment Companies

 The 19 World’s Biggest Entertainment Companies in 2023

 

The 19 World’s Biggest Entertainment Companies– Based on the annual report of the company in 2023, there are 19 world’s biggest entertainment companies. Absolutely, these companies are the leaders of the entertainment industry with many diversification products. With many products like movies, news, and many more TV programs/ shows and radio, they strive to entertain people and make the people follow their program.

For a long time, people in this world needs a recreational program that can relieve their stress and exhaustion. Because of their activity, problems of life, and works, sometimes people get become depressed, sorrowful, and miserable. To cope with these conditions, they usually take a rest and go to the recreational place or do the activity that can entertain themselves. They usually spend their time the on televisions, radio, video games, many more to relieve their stress. So, many companies try to provide the program that can entertain the people. With some breakthroughs, these companies make some innovative, insightful, and funny programs so, many people can enjoy it.

As humans, we know these companies via their program, channel television, or radio. So, here are these companies that have hundreds or thousands of programs. The rank of 19 world's biggest entertainment companies was established based on the generated net income and total assets in 2023. Furthermore, all this data is obtained from annual report in 2023 that was officially published by companies and in this this article summarizes all the entertainment company performance   in one year or annual in the year of 2023.

Commonly, there are 19 world’s Biggest entertainment Companies with the biggest income in the world of 2023. This data is obtained from the financial statement from the Annual Report of 2023.

 

The Table Rank of 19 World’s Biggest entertainment Companies Based on The Net Income in 2023

Rank	Entertainment Company	Revenue	Revenue	Net Income	Net Income
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	Comcast Corp	USD 121 billion	USD 121 billion	USD 15.3 billion	USD 15.3 billion
2	Netflix	USD 33.7 billion	USD 33.7 billion	USD 5.4 billion	USD 5.4 billion
3	Charter Communications	USD 54 billion	USD 54 billion	USD 5.2 billion	USD 5.2 billion
4	Walt Disney	USD 88.8 billion	USD 88.8 billion	USD 3.3 billion	USD 3.3 billion
5	Thomson Reuters Corporation	USD 6.7 billion	USD 6.7 billion	USD 2.6 billion	USD 2.6 billion
6	BCE Inc.	CAD 24.6 billion	USD 18.2 billion	CAD 2.3 billion	USD 1.7 billion
7	Fox Corporation	USD 13.9 billion	USD 13.9 billion	USD 1.5 billion	USD 1.5 billion
8	Omnicom Group	USD 14 billion	USD 14 billion	USD 1.3 billion	USD 1.3 billion
9	Vivendi	EUR 10.5 billion	USD 11 billion	EUR 0.45 billion	USD 0.49 billion
10	BBC Group	GBP 5.3 billion	USD 7.1 billion	GBP 0.23 billion	USD 0.30 billion
11	Nexstar Media Group	USD 4.9 billion	USD 4.9 billion	USD 0.27 billion	USD 0.27 billion
12	WPP	GBP 14.8 billion	USD 19.8 billion	GBP 0.19 billion	USD 0.27 billion
13	News Corp	USD 9.8 billion	USD 9.8 billion	USD 0.14 billion	USD 0.14 billion
14	Gannet	USD 2.6 billion	USD 2.6 billion	(USD - 0.02 billion)	(USD - 0.02 billion)
15	Altice Group	EUR 5 billion	USD 5.5 billion	(EUR -0.3 billion)	(USD -0.33 billion)
16	Paramount Global	USD 29.6 billlion	USD 29.6 billlion	(USD -0.6 billion)	(USD -0.6 billion)
17	iHeart Media	USD 3.7 billion	USD 3.7 billion	(USD -1.1 billion)	(USD -1.1 billion)
18	DISH Network Corporation	USD 15 billion	USD 15 billion	(USD -1.1 billion)	(USD -1.1 billion)
19	Warner Bros. Discovery	USD 41.3 billion	USD 41.3 billion	(USD -3 billion)	(USD -3 billion)
Source: Annual Report, 2023
Origin Currency: Currency which Officially Used at The Annual Report  of 2022
US Dollar: Converted Currency From Origin Currency into US Dollar Used Currency Rate
Currency Rate:
1 Euro = 1.11 US Dollar (USD)
1 Canadian Dollar (CAD) = 0.74 US Dollar (USD)
1 Poundsterling (GBP) = 1.34 US Dollar (USD)

The table above shows the condition of the companies in 2023. As additional data, some data are shown based on the total assets of the company. Here are the entertainment companies with the biggest assets. These data were obtained from the balance sheet of the annual report in 2023.

 

The Table Rank of 19 World’s Biggest Entertainment Companies Based on The Assets of Companies in 2023

 

Rank	Entertainment Company	Assets	Assets	Liabilities	Liabilities
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	Comcast Corp	USD 264 billion	USD 264 billion	USD 181 billion	USD 181 billion
2	Walt Disney	USD 205 billion	USD 205 billion	USD 102 billion	USD 102 billion
3	Charter Communications	USD 147 billion	USD 147 billion	USD 132 billion	USD 132 billion
4	Warner Bros. Discovery	USD 122 billion	USD 122 billion	USD 76 billion	USD 76 billion
5	Paramount Global	USD 53.5 billlion	USD 53.5 billlion	USD 30 billion	USD 30 billion
6	BCE Inc.	CAD 71.9 billion	USD 53 billion	CAD 51.3 billion	USD 37 billion
7	DISH Network Corporation	USD 51.4 billion	USD 51.4 billion	USD 34.1 billion	USD 34.1 billion
8	Netflix	USD 48 billion	USD 48 billion	USD 28 billion	USD 28 billion
9	Vivendi	EUR 38.2 billion	USD 42 billion	EUR 21 billion	USD 23.3 billion
10	WPP	GBP 26 billion	USD 34 billion	GBP 22 billion	USD 29 billion
11	Omnicom Group	USD 28 billion	USD 28 billion	USD 23 billion	USD 23 billion
12	Fox Corporation	USD 21.9 billion	USD 21.9 billion	USD 10.8 billion	USD 10.8 billion
13	Thomson Reuters Corporation	USD 18.6 billion	USD 18.6 billion	USD 7.6 billion	USD 7.6 billion
14	Altice Group	EUR 16 billion	USD 17.7 billion	EUR 15.8 billion	USD 17.5 billion
15	News Corp	USD 16.9 billion	USD 16.9 billion	USD 8 billion	USD 8 billion
16	Nexstar Media Group	USD 12 billion	USD 12 billion	USD 9.7 billion	USD 9.7 billion
17	BBC Group	GBP 6.5 billion	USD 8.7 billion	GBP 4.6 billion	USD 6.1 billion
18	iHeart Media	USD 6.9 billion	USD 6.9 billion	USD 7.2 billion	USD 7.2 billion
19	Gannett	USD 2.1 billion	USD 2.1 billion	USD 1.8 billion	USD 1.8 billion
Source: Annual Report, 2023
Origin Currency: Currency which Officially Used at The Annual Report of 2023
US Dollar: Converted Currency from Origin Currency into US Dollar Used Currency Rate
Currency Rate:
1 Euro = 1.11 US Dollar (USD)
1 Canadian Dollar (CAD) = 0.74 US Dollar (USD)
1 Poundsterling (GBP) = 1.34 US Dollar (USD)

 

 

Brief Description of 19 World’s Biggest Entertainment Companies

 

1.Warner Bros. Discovery

 

Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment Company headquartered in New York City. Historically, this company was formed as the merger between WarnerMedia and merger with Discovery, Inc. on April 8, 2022. Based on some brands of its television channels or program, WBD has HBO, Cooking channel, Animal Planet, Euro Sport, Magnolia network, Adult Swim, Boomerang, Cartoon Network, CNN, food network, TBS, TNT, TruTV, MAX, HGTV, and Turner Classic Movies. Based on the annual report of 2023, the revenue of USD 41.3 billion but suffered net loss reaching USD -3 billion. 

 

2.Comcast Corp

Comcast Corporation formerly known as American Cable Systems and Comcast Holdings is a multinational company founded on June 28, 1963. Operationally, this company has its head office in Philadelphia, Pennsylvania, USA. Along with business development, this global media and technology company has three primary businesses: Comcast Cable, NBC Universal (Universal Pictures, CNBC DreamWorks, Fandango, Telemundo), and Sky. In 2023, based on the annual report of the company 2023, the company earned revenue of USD 121 billion and net Income of USD 15.3 billion. 

 

3.Walt Disney

The Walt Disney Company is a diversified entertainment company with some diversified unit business, namely Media Networks; Parks, Experiences and Products; Studio Entertainment; and Direct-to-Consumer & International (DTCI). Historically, this company was founded on October 16, 1923, by Walt Disney and Roy O. Disney. Some TV channel from Disney is Disney Channel, ESPN, Freeform, FX, and National Geographic. Besides the channel TV media, this company also has a film studio division, which includes Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios. Financially, in 2023, based on the annual report of the company, Walt Disney earned revenue of USD 88.8 billion and gained a net income of USD 3.3 billion.

 

4.Charter Communications

Charter Communications, Inc. is one of the biggest companies in the United States of America. Historically, this company was founded in 1993 and has the head office in Stamford, Connecticut, United States of America. Operationally, along with the development of the company’s business, they had thirty-one million customers in forty-one states through our Spectrum brand until 2020. Financially, based on annual report in 2023, this company earns a revenue of USD 54 billion and a net income of USD 5.2 billion.      

 

5.Paramount Global

 

Paramount Global is a leading global media and entertainment company, and its former name was Viacom CBS. Basically, they changed its name into Paramount Global since 2022. Operationally, this company has a central office in One Astor Plaza, Manhattan, New York City and has some portfolio business channels include CBS, SHOWTIME, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, and Smithsonian Channel. Financially, in 2023, this company earned revenue of USD 30.1 billion but suffered net losses of USD 0.6 billion.   

 

6.BCE Inc.

 

BCE Inc., formerly known as Bell Canada Enterprises Inc., was founded in 1983 which has its head office in Quebec, Canada. Bell Media provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services, and out-of-home (OOH) advertising services. Financially, in 2023, the company earned revenue of CAD 24.6 billion equivalent with USD 18.2 billion. Furthermore, they also successfully gained net Income of CAD 2.3 billion or equivalent with USD 1.7 billion.

 

7.Vivendi

Vivendi SE is a French Media company that has a central office in Paris, France. Based on historical journey, Vivendi was founded on 14 December 1853 as water company and later expanded its business into telecommunications and mass media in the 1990s. As of 2023, Vivendi has some division, namely Canal+ Group, Lagardère Publishing, Prisma Media, Gameloft, and Havas. Financially in 2023, the company’s revenue was about EUR 10.5 billion equivalent with USD 11 billion and successfully gained net income of EUR 0.45 billion or equivalent to USD 0.49 billion.

 

8.Altice Group

Altice Europe N.V. is telecommunication and mass media with head office in Woerden, Netherlands. Historically, Patrick Drahi founded this company. Financially, in 2023, the company earned revenue of EUR 5 billion equivalent with USD 5.5 billion but suffered net losses of EUR -0.3 billion or equivalent with USD -0.33 billion.

 

9.WPP

WPP is a British multinational company of communication, advertising, public relations, technology that has a central office in London, England. Along with business development, basically, this company also has subsidiary company in advertising, media, public relations, market research, namely AKQA, BCW, CMI Media Group, Essence Global, Finsbury, Grey, Hill & Knowlton, Mindshare, Ogilvy, Wavemaker, and VML. Financially, in 2023, the revenue of the company reached EUR 14.8 billion or equivalent with USD 19.8 billion and net income of EUR 0.19 billion equivalent to USD 0.27 billion.

 

10.DISH Network Corporation

DISH (Digital Sky Highway) Network Corporation or commonly known as DISH is an American-based satellite television and Telecommunication company which has a central office in Englewood, Colorado, USA. Along with business development since its founding in 1980, Dish can provide services to approximately 17 million customers and this company has employed of more than 14,000 people in the U.S. Financially, the company’s revenue in 2023 reached USD 15 billion but suffered net losses of USD 2.3 billion. At the end of 2023, DISH merged with EchoStar Corporation and became a wholly owned subsidiary of EchoStar.

 

11.Netflix

Netflix is one of the world's leading entertainment services, with over 260 million paid memberships in over 190 countries enjoying TV series, films, and games in a variety of genres and languages. Historically, Netflix was founded by Marc Randolph and Reed Hastings on August 29, 1997, in Scotts Valley, and operationally, this company still has a central office in Los Gatos, California. Financially, in the year of 2023, the Netflix’s revenue reaches USD 33.7 billion and net income of USD 5.4 billion.

 

12.Omnicom Group

American global media, marketing, and corporate headquartered in New York City. Historically, Omnicom was formed in 1986 with the role of Allen Rosenshine, Mary C. Choksi, Keith Reinhard, and John Bernbach. To date, Omnicom has managed over 5,000 of clients in more than seventy countries. Financially, in 2023, the Omnicom’s revenue reaches USD 14 billion and net income of USD 1.3 billion.

 

13.Fox Corporation

Fox Corporation, a Delaware corporation, is a news, sports, and entertainment company, which manages and reports its businesses segment, namely television, cable network programming, other, corporate, and eliminations. Historically, FOX was found by Rupert Murdoch and the Murdoch family still become the majority shareholders of Fox corporation with 39.6% of ownership share. Operationally, Fox corporation still has headquartered at 1211 Avenue of the Americas in Midtown Manhattan. Financially, the company’s revenue reached USD 13.9 billion and net income of USD 1.2 billion.

 

14.Thomson Reuters Corporation

Thomson Reuters is a leading provider of business information services. Along with the development of the company, the company has diversified units of news media, namely Reuters, Openly, and Context. Basically, reuters still become one of world’s largest multimedia news provider which has 2,500 thousand of journalist in 165 nations. Financially, in 2023, the company successfully gained revenue reaching USD 6.7 billion and net income of USD 2.6 billion.      

 

15.News Corp

News Corp is global diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services throughout the world. Commonly, the establishment of this company cannot be separated from the role of Rupert Murdoch and his father, Sir Keith Murdoch. To date, News Corp has headquartered in Midtown Manhattan, New York City. Specifically, this company has some most recognizable and respected brands, namely the Wall Street Journal, Barron’s, Dow Jones, The Australian, Herald Sun, The Sun, The Times, HarperCollins Publishers, Foxtel. Based on the business performance in 2023, the News Corp successfully gained revenue reaching USD 9.8 billion and net income of USD 0.14 billion.   

 

16. iHeart Media

American mass media corporation headquartered in San Antonio, Texas specializing in radio broadcasting, podcasting, digital and live events. Furthermore, the company also owns more than 860 full-power AM and FM radio stations in the U.SA. Historically, this company was founded by Lowry Mays and Billy McCombs. In 2023, according to the annual report of 2023, the iHeart Media gained revenue of USD 3.7 billion but suffered net loss reaching USD 1.1 billion.

 

17.Gannett

 

Gannet Co., Inc. was founded by Frank Earnest Gannett in 1906 and operationally still has headquarter in New York, USA. Basically, Gannet is digitally focused media and marketing solutions company and manage some brand, for example, USA today (news media company), Newsquest media group (local news publisher in the UK), The Tennesean, Detroit free press, The Arizona republic, northjersey.com, and others local news media,  UpCurve (online marketing company), LOCALiQ (online marketing company). Financially, in 2023, the Gannet showed positive performance with gaining revenue of USD 2.6 billion but suffered the Net loss of USD 0.02 billion.       

 

18.Nexstar Media Group

Nexstar Media Group is a Delaware corporation formed in 1996 with doing business in television broadcasting and digital media company. As of 2019, Nexstar now has maintaned a portfolio of 200 owned or partner broadcast stations in 116 markets serving 212 million people. Furthermore, some of TV stations managed by Nexstar are CW, AntennaTV, RewindTV, CourtTV, TBD, RewindTV, TheHill, GRIT, Charge, The NEST, ShopLC, and others. Financially, in 2023, based on the annual report of the company, the earned revenue reaching USD 4.9 billion and net income reach USD 0.27 billion.    

 

19. BBC Group

 

The British Broadcasting Corporation (BBC) or commonly known as BBC is a British mass media companies headquartered at Broadcasting House in London, England. Historically, BBC was founded on October 18th, 1922. As of 2024, The BBC has some division in BBC Television, BBC Sport, BBC Radio, BBC News, BBC Online, BBC Sounds, BBC Weather, BBC Music, BBC English Regions, BBC Scotland, BBC Cymru Wales, BBC Northern Ireland, BBC North, BBC Bitesize, and BBC Studios. Financially, in 2023, The BBC showed satisfactory performance with gaining revenue of GBP 5.3 billion or equivalent to USD 7.1 billion    and successfully generating net income of GBP 0.23 billion or equivalent to USD 0.30 billion.

 

The Summary of 19 World’s Largest Entertainment Companies in 2023

 

 

 

Bibliography of 19 World’s Biggest entertainment Companies in 2023

 

Warner Bros. Discovery.2024. Annual report 2023. Accessed via https://ir.wbd.com/investor-relations/default.aspx     on May 24, 2024.

Comcast Corp.2024. Annual report 2023. Accessed via https://www.cmcsa.com/financials/annual-reports  on May 24, 2024.

Walt Disney.2024. Annual report 2023. Accessed via https://thewaltdisneycompany.com/investor-relations/  May 24, 2024.

Charter Communications. 2024. Annual report 2023. Accessed via  https://ir.charter.com/financial-information/annual-reports/  on May 24, 2024.

BCE Inc. 2024. Annual report 2023. Accessed via https://www.bce.ca/investors/financial-reports/annual-documents on May 24, 2024.

Vivendi. 2024. Annual report 2023. Accessed via https://www.vivendi.com/en/shareholders-investors/regulatory-information/annual-reports/  on May 24, 2024.

Altice Group. 2024. Annual report 2023. Accessed via https://altice.net/investor-relations?category=10&page=0%2C2 on May 24, 2024.

WPP.2024. Annual report 2023. Accessed via https://www.wpp.com/en/investors May 24, 2024.

 DISH Network Corporation. 2024. Annual report 2023. Accessed via https://dish.gcs-web.com/financial-information/annual-reports on May 24, 2024.

Netflix. 2024. Annual report 2023. Accessed via https://ir.netflix.net/financials/annual-reports-and-proxies/default.aspx on May 24, 2024.

Omnicom Group. 2024. Annual report 2023. via https://investor.omnicomgroup.com/investor-relations/overview/default.aspx   on May 24, 2024.

Fox Corporation. 2024. Annual report 2023. Accessed via https://investor.foxcorporation.com/   on May 24, 2024.

Thomson Reuters Corporation.2023. Annual report 2020. Accessed via https://ir.thomsonreuters.com/financial-information/annual-reports on May 24, 2024.

News Corp. 2024. Annual report 2023. Accessed via https://investors.newscorp.com/   on May 24, 2024.

iHeart Media. 2024. Annual report 2023. Accessed via https://investors.iheartmedia.com/home/default.aspx   on May 24, 2024.

Gannett.2024. Annual report 2023. Accessed via https://investors.gannett.com/financials/annual-reports/default.aspx on May 24, 2024.

Nexstar Media Group. 2024. Annual report 2023. Accessed via https://www.nexstar.tv/investor-relations/#reports   on May 24, 2024.

BBC Group. 2024. Annual Report 2023/2024. Accessed via https://www.bbc.com/aboutthebbc/reports/annualreport   on September 20th, 2024.