Of all of these media conglomerates, I want to focus on Sony. Sony makes electronic equipment like stereos, televisions, cameras, cell phones, etc. Even though they are known for the equipment they use, they also own many labels an companies. These would include: Columbia Pictures, Revolution Studios, Loews Movie Theaters, and the Columbia, American Epic and Sony recording labels.
Sony's main headquarters is located in Tokyo Japan. They are the world's 5 largest media conglomerate. The revenue is $77.20 billion. It is the most comprehensive entertainment companies in the world. Sony Corporation is the parent group. Most of the revenue is made off of their Conglomerates such as Sony Electronics, Sony Pictures Entertainment, Sony Computer Entertainment, Sony Music Entertainment, Sony Ericsson, and Sony Financial.
The advantages that Sony has is that they are a leading organization in the world so their name is easily recognized and they stand out within their competition. Also, they have a wide range of electronic equipment that they make so they have more of a market to appeal to. Their conglomerates are all in common since they base their products off the entertainment industry, however they differ between television and radio so again it appeals to more of a market. The disadvantages to Sony is that because they have so many conglomerates that if even one of the many companies they own messes up or has bad publicity it will affect the whole organization and the entire industry will be affected by it.
By researching conglomerates, I now know what they are, and how so many companies make so much revenue. There are lots of ownerships and contracts within businesses and industries, so it is difficult to keep up. I never realized how large Sony was or how large any major corporation really is. All it takes to be successful and powerful is money.
I didn't think about Sony! That's really cool. Way to think outside the box :)
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