In just under thirty years, the number of companies owning ninety percent of media has dropped from fifty to only six companies worldwide: Comcast, Walt Disney, 21st Century Fox, Time Warner, CBS, and Viacom (an inexact but about correct when considering merging between businesses and parent companies). These companies operate nearly every step of pre-production, production, and exportation of the media released through them.
As of 2015, Comcast holds the largest percentage of the six, making $69 billion in revenue. Also, they are the single largest television provider in the world, broadcasting through programs such as NBC and Comcast.
Even Hulu, an online streaming giant is co-owned by Walt Disney, 21st Century Fox and Comcast.
Following Comcast, the Walt Disney Company earns roughly $48 billion in revenue each year. Beneath their brand, they own ABC, A&E, ESPN, Pixar, Marvel Entertainment and Lucasfilm.
How might six companies owning the majority of the media affect the world?
Having so much control over media can lead to less innovation and creativity as filmmakers are restrained by the businesses they operate over. However, the scale of these businesses can also lead to a further reach to communities across the world that may of otherwise not had access to the media they wouldn't of otherwise.