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Disney Conglomerates

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A conglomerate is a large company that owns several media products. The conglomerate I have chosen is Disney/ ABC. headquartered in Burbank, California. It is one of the largest media conglomerates in the world in terms of revenue. Disney was founded on October 16, 1923, by Walt and Roy Disney as the Disney Brothers Cartoon Studio (SEGD 2014). Widely known and bringing in a lot of revenue, this company continues to grow. The Walt Disney Company, also known as Disney, is a multinational mass media and entertainment conglomerate. The history of Disney dates back all the way back to 1923. The main character of this company is a mouse, Mickey Mouse. Disney is the world’s largest media conglomerate, its assets include movies, television, publishing, …show more content…

There are implications regarding production and distribution of media content to a public audience. “In the media, as in any industry, big corporations play a vital role, but so do small, emerging ones. When you lose small businesses, you lose big ideas. People who own their own businesses are their own bosses. They are independent thinkers. They know they can’t compete by imitating the big guys–they have to in- novate, so they’re less obsessed with earnings than they are with ideas. They are quicker to seize on new technologies and new product ideas. They steal market share from the big companies, spurring them to adopt new approaches. This process promotes competition, which leads to higher product and service quality, more jobs, and greater wealth. It’s called capitalism” (Ted Turner). “Today, the only way for media companies to survive is to own everything up and down the media chain” (Ted Turner). I believe that conglomerates thrive better when they aren’t in the hands of many, because the idea of the company can get changed into something it was not intended to be. With more people in the ownership, ideas can flow and possibly broaden the company, but I feel that too many people are unnecessary. In the sense of large companies, many advisors may be needed. “The

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