Power and media industries
Power and Media Industries Conglomerate: A large corporation consisting of multiple smaller companies. (Disney is an example of a media conglomerate). Subsidiary: A smaller company owned by a large corporation. Disney owns Marvel, Abc, Pixar, ESPA, Walt Disney studios and vice. Disney bought out some of these companies to widen their target audiences. News Corp owns The Sun, 20th Century Fox, Fox TV, iTV, Sky TV, National Geographic and Harper Collins Publishers. They've almost formed a monopoly. Advantages of forming a Monopoly: You can remove competition. Audience manipulation. Extends the range of business connections. More prestige. Gain profit and power. Disadvantages of forming a monopoly: Lack of diversity. Conglomerates and monopoly: Having a monopoly dominates multiple media industries. If the focus is on creating profit, generally conglomerates don't take risks with the media products they produce. This often results in limit...