15 Biggest Media Companies in the World

8. Netflix (NASDAQ: NFLX)

Revenue: $21.4 B

Market value: $238.89

Assets: $35.1 B

Number of employees: 8,600

Country: United States

Netflix and chill? The world’s biggest internet streaming company distributes films and TV shows in a variety of genres and languages with over 200 million paid subscribers in more than 190 countries. Netflix produces its content and negotiates with other producers for the distribution of programming rights. Netflix still delivers DVDs to US customers by mail, although the legacy business is getting smaller every year.

In an article we posted, Ensemble Fund highlighted the growth of the company and why Netflix should be included in your portfolio:

“Two years ago, we shared that Netflix was reaping the benefits of its unique business model, where a generational shift in video services over the Internet-enabled Netflix to dream big and bet big – to become the first global-scale direct to consumer subscription media company.

Unlike traditional media companies, its growth opportunity was not limited by regional relationships like cable and satellite companies who had built and owned physical connections to their customers. It was one that was open to reaching anyone with the more pervasive virtual connection, the Internet – wired or wireless – anywhere in the world at the click of a button. The traditional link between reaching a customer as a media provider and the physical infrastructure build was no longer a limit to growth and economics.

Netflix’s success in realizing this opportunity has everything to do with the company’s culture born of its history as an internet-based, innovation-driven business, which drove it to build capabilities that have underpinned its execution.”

Copyright: lculig / 123RF Stock Photo