Media landscape

Distribution

Content

Streaming video

CIRCLES SIZED BY MARKET CAP (as of Dec. 2019)

Warner Bros.

Studios

20th Century

Fox Studios

HBO

ESPN

Hulu

$15B

28.5M subs

AT&T/WarnerMedia

$278B market cap

22M video

16M broadband

subscribers

Disney/21st

Century Fox

$267B

67%

STAKE

Otter

Media

ABC

Turner (CNN,

TNT, TBS)

Marvel

Studios

33%

STAKE

DirecTV

Lucasfilm

Fox

broadcast

Verizon Media Group

(Yahoo/AOL)

Netflix

$133B

139M subs

Fox

$22B

Dreamworks

NBC

Fox cable

(Fox News,

Fox Sports)

Comcast

$198B

22M video

28M broadband

Verizon

$250B

4M video

7M broadband

Columbia

Pictures

Sky

Sony

Pictures

$35B*

Universal

Studios

E!, Bravo,

CNBC

Sony

Pictures TV

News 12

Networks

RELATIVE

MARKET

CAP

Apple:

$1.2T

Google:

$910B

Amazon:

$873B

Facebook:

$567B

CBS

Interactive/

CNET

Charter

$99B

16M video

26M broadband

i24NEWS

Discovery

Scripps

$16B

Showtime

Altice

USA

$16B

3M video

4M broadband

ViacomCBS

$23B

CBS

Discovery,

Food Network,

HGTV

Cheddar

James

Bond

Epix

Paramount

Viacom Media

(MTV, Comedy

Central, BET)

Cox

$37B**

4M video

5M broadband

Lionsgate/

Starz

$2B

MGM

$6B**

AMC

$2.1B

Starz

Dish

$17B

12M video

(includes Sling)

IFC

Films

AMC, IFC,

BBC America

Lionsgate

Films

Lionsgate

TV

Note: *Assumes 3.8 revenue multiple **Assumes 3.1 revenue multiple

Source: the companies, news reports, Leichtman Research Group (cable/internet subs)

Media landscape

Distribution

Content

Streaming video

CIRCLES SIZED BY MARKET CAP (as of Dec. 2019)

Warner Bros.

Studios

20th Century

Fox Studios

HBO

ESPN

Hulu

$15B

28.5M subs

AT&T/WarnerMedia

$278B market cap

22M video

16M broadband

subscribers

Disney/21st

Century Fox

$267B

67%

STAKE

Otter

Media

ABC

Turner (CNN,

TNT, TBS)

Marvel

Studios

33%

STAKE

DirecTV

Lucasfilm

Fox

broadcast

Verizon Media Group

(Yahoo/AOL)

Netflix

$133B

139M subs

Fox

$22B

Dreamworks

NBC

Fox cable

(Fox News,

Fox Sports)

Comcast

$198B

22M video

28M broadband

Verizon

$250B

4M video

7M broadband

Columbia

Pictures

Sky

Sony

Pictures

$35B*

Universal

Studios

E!, Bravo,

CNBC

Sony

Pictures TV

News 12

Networks

RELATIVE

MARKET

CAP

Apple:

$1.2T

Google:

$910B

Amazon:

$873B

Facebook:

$567B

CBS

Interactive/

CNET

Charter

$99B

16M video

26M broadband

i24NEWS

Discovery

Scripps

$16B

Showtime

Altice

USA

$16B

3M video

4M broadband

ViacomCBS

$23

CBS

Discovery,

Food Network,

HGTV

Cheddar

James

Bond

Epix

Paramount

Viacom Media

(MTV, Comedy

Central, BET)

Cox

$37B**

4M video

5M broadband

Lionsgate/

Starz

$2B

MGM

$6B**

AMC

$2.1B

Starz

Dish

$17B

12M video

(includes Sling)

IFC

Films

AMC, IFC,

BBC America

Lionsgate

Films

Lionsgate

TV

Note: *Assumes 3.8 revenue multiple **Assumes 3.1 revenue multiple

Source: the companies, news reports, Leichtman Research Group (cable/internet subs)