May 2026
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Largest Content Production Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Netflix, Disney, Warner Bros. Discovery, Universal Music and Liberty Media.
 | Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue. | $89 | -26% | $376B | $378B | 8.4x | 12.5x | ||
| Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm’s ownership of iconic franchises and characters. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney’s own streaming platform and television networks. The sports segment houses the ESPN family of TV networks and streaming services. Experiences contains Disney’s theme parks, cruises, and vacation destinations and also engages in merchandise licensing. | $102 | -10% | $178B | $219B | 2.3x | 11.1x | ||
| Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. In 2026, it intends to split its networks from streaming and studios to form two separate companies. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks. | $27 | +172% | $68B | $97B | 2.6x | 4.6x | ||
 | Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm’s revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal’s remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal’s recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal’s publishing group has nearly 4.5 million owned or administered titles in its catalog. | Music+1 | $24 | -25% | $45B | $49B | 3.3x | 15.6x | |
| Liberty Media Corp along with its subsidiaries is engaged in the media and entertainment industries in North America and the United Kingdom. The company owns interests in a high-quality portfolio of assets across the media, entertainment and sports industries. The company derives its maximum revenue from United Kingdom. | Sports+3 | $89 | -7% | $22B | $26B | 5.8x | 18.9x | |
| Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm’s revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner’s remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner’s voting rights, while holding a 72% economic interest. | Music+1 | $34 | +30% | $18B | $22B | 3.3x | 15.3x | |
| TKO Group Holdings Inc is a sports and sports entertainment company that operates combat sports and sports entertainment companies. It owns and manages valuable sports and entertainment intellectual property. The company distributes content and monetizes its intellectual property through four activities: Media rights, production, and content, Live events and hospitality, Partnerships and marketing and Consumer products licensing, The company has two reportable segments, UFC and WWE. The company generates majority of revenue from the UFC segment. The UFC segment revenue consists of media rights fees associated with the distribution of its programming content, ticket sales, and site fees associated with the business's international live events. | Sports+1 | $193 | +22% | $14B | $19B | 3.9x | 11.8x | |
| Paramount Skydance operates in three global business segments: TV media, filmed entertainment, and direct to consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, Paramount, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists multiple film studios, most importantly Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct to consumer includes the Paramount+, Pluto TV, and BET+ streaming services. Much of the content on Paramount’s streaming platforms is created by the production studios housed within the firm’s other two business segments. | $10 | -18% | $11B | $26B | 0.9x | (5.2x) | ||
 | Bilibili is a Chinese online entertainment platform best known for its YouTube-like video-sharing site. Founded in 2009, it first focused on long-form content centered around anime, comics, and gaming, catering primarily to Gen Z users. Over time, the platform has broadened its content offerings to include a wider range of interests, successfully attracting a more diverse audience beyond the Gen Z demographic. | $20 | +6% | $8B | $6B | 1.4x | 10.3x | ||
| Endeavor Group Holdings Inc is an entertainment and sports company. The company owns and operates sports and entertainment properties, including UFC and WWE through its majority ownership of TKO, produces and distributes sports and entertainment content, owns and manages exclusive live events and experiences, and represents top sports, entertainment, and fashion talent, as well as blue chip corporate clients. Its reportable segments are Owned Sports Properties, Events, Experiences & Rights, and Representation. Maximum revenue is generated from its Owned Sports Properties segment, which is comprised of a portfolio of sports and entertainment properties, including UFC, WWE, PBR, and Euroleague. Geographically, it derives key revenue from the United States. | Events+3 | $26 | -- | $8B | $13B | 1.9x | 35.0x | |
 | Toho Co Ltd is a diversified media company with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan. | $8 | -14% | $7B | $6B | 3.1x | 11.9x | ||
 | HYBE is a music-based entertainment lifestyle platform company. The company operates through three segments: Music, Platform, and Technology-based Future Growth. The Music segment focuses on creating artists and music IP. The Platform segment aggregates content and delivers it directly to fans. The Technology-based Future Growth segment explores and develops new business opportunities arising from shifts in the digital and industrial landscape. It generates the majority of its revenue from the Music segment. | Music+1 | $158 | -12% | $7B | $6B | 3.4x | 48.4x | |
| Beijing Enlight Media Co Ltd is a China-based company engages in the provision of multimedia video content services. Its main business is TV programs and film investment, making and distributing. TV programs including regular TV programs and acting activities broadcasted on television. Acting activities generally are broadcasted on television, belonging to the special type of TV program and drama series. | $2 | -20% | $6B | $6B | 9.4x | 18.2x | ||
| TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment. | $38 | +29% | $6B | $6B | 2.2x | 10.2x | ||
| Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. Pending approval, Nexstar’s merger with Tegna would bring Nexstar’s station total to 259 in 133 markets, reaching 80% of the US population. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel. | $189 | +11% | $6B | $18B | 3.6x | 11.3x | ||
 | RTL Group SA is a broadcasting television company with interests in television channels, video-on-demand platforms, and radio stations. The company has three main areas of business: broadcast, streaming, content, and digital. Broadcast includes television and radio; content includes content production and distribution, and digital includes online video and advertisement technology. Business segments include Mediengruppe RTL Deutschland, Groupe M6, Fremantle, RTL Nederland, and Other segments. The company's business units operate in Europe, predominantly in Germany, France, the United States, the UK, and Other regions. | $35 | -11% | $5B | $6B | 0.8x | 5.3x | ||
| Oriental Pearl Group Co Ltd operates a media integration and distribution platform in China. The various business units of the company comprise Channel Products Operation, Video Shopping, and E-Commerce, Culture and Entertainment Themed Tourism, Mobile Transmissions and Video Games among others. | $2 | +42% | $5B | $4B | 3.5x | 12.4x | ||
 | Banijay Group NV media and entertainment company. It has over 130 production companies across 23 territories, a multi-genre catalogue boasting over 185,000 hours of original standout programming, and a complementary live entertainment business. | $11 | -10% | $5B | $8B | 1.4x | 7.4x | ||
| Nippon Television Holdings Inc is a broadcasting and television company. It is engaged in media, content, life and health-related, and real estate businesses. The company operates through three reportable segments: the Media and Content Business, which handles television advertising, video distribution, pay-TV, retail, and film production; the Life and Health Related Business, which operates comprehensive sports clubs; and the Real Estate Related Business, which manages real estate rental, building operations, and solar power generation. It generates the majority of its revenue from the Media and Content Business segment. | $19 | -10% | $5B | $3B | 1.1x | 6.2x | ||
| Perfect World Co Ltd is an entertainment company based in China, engaging in the production, distribution, and marketing of film and television content, content related advertising and merchandising business, as well as talent management business. | $2 | +15% | $4B | $4B | 4.0x | 21.7x | ||
| China Film Group Co Ltd is engaged in film and television production, film distribution, film screening, and film and television service business. The company's business includes six sectors: creation, distribution, screening, technology, services, and innovation, covering film and TV series production, post-product management; domestic and imported film promotion and distribution; cinema investment, theater chain management; film technology research and development, film and television equipment production and sales and technical services; film and television production, ticketing platform and financial leasing services and other fields. | $2 | +44% | $4B | $3B | 3.7x | 29.9x | ||
 | ITV PLC is a broadcasting television company that owns, creates, and distributes the content on its platforms. The company's international content business, ITV Studios, produces programming for ITV's channels as well as other British broadcasters. The company's segment includes ITV Studios and Media and Entertainment. It generates maximum revenue from the ITV Studios segment. | $1 | 0% | $4B | $5B | 0.8x | 5.8x | ||
 | Lionsgate Studios Corp is a motion picture and television studio operations aligned with the STARZ premium subscription platform to bring a varied portfolio of entertainment to consumers around the world. The group has two reportable business segments: the Motion Picture and Television Production reportable segments. Motion Picture consists of the development and production of feature films, the acquisition of North American and world-wide distribution rights. Television Production consists of the development, production, and world-wide distribution of television productions, including television series, television movies and mini-series, and non-fiction programming. | $12 | +72% | $4B | $7B | 2.3x | 4.2x | ||
| Toei Animation Co Ltd is a Japanese animation company. It is engaged in the planning and production of animation products for theaters and televisions (TVs), the sale of broadcasting rights, as well as the sale of packaged software rights of the Company's animation products with a focus on digital versatile discs (DVDs). The company develops characters into diverse types of merchandise such as toys, games, stationery goods, food products, clothing, and for campaigns and promotions. It produces works of animation mainly of television series along with other types of work such as theatrical features and original video animation. | $17 | -15% | $3B | $3B | 4.5x | 13.5x | ||
| FUJI Media Holdings Inc operates as a certified broadcasting holding company engaged in media, content, and related businesses. The company has two reportable segments: Media & Content Business, which involves broadcasting, film and animation production, music publishing, advertising, and mail-order sales; and Urban Development & Tourism Business, which engages in building rental, real estate transactions, and hotel and resort management. The company earns the majority of its revenue in Japan. | $24 | +33% | $3B | $6B | 1.8x | 45.7x | ||
| China Literature Ltd is an investment holding company. The company along with its subsidiaries provides online reading services, copyright commercialization, writer cultivation and brokerage, and operation of text work reading. It generates its revenue from Online reading through self-owned platform products. it operates in two segments: Online business and Intellectual property operations and others. The Online business segment that derives the majority of revenue comprises online paid reading, online advertising, and game publishing. The Intellectual property operations and other segment include licensing and distribution of film and television properties, copyrights licensing, sales of adaptation rights and scripts, sales of physical books, and in-house online games operations. | $3 | -6% | $3B | $2B | 2.0x | 102.5x | ||
| Canal+ SA is media and entertainment company and also operates short-form video streaming platforms with Dailymotion. It operates in three business segments, Europe, Africa and Asia, and Content Production, Distribution and Other. Key revenue is generated from Europe which includes subscription-TV, advertising-based television and OTT businesses across France, the Overseas Territories, Poland and also in Central Europe and the Benelux through M7, and the Group’s FTTH business in the Overseas Territories. | $3 | +14% | $3B | $6B | 0.7x | 7.7x | ||
| Zhejiang Huace Film & TV Co Ltd operates as a film and television production company. It focuses on the creation of TV dramas, films, and various kinds of fine arts. | $1 | +42% | $3B | $2B | 5.7x | 31.8x | ||
| Vivendi SE is an integrated content, media, and communications group. The company has established itself as a key player in content, media, and entertainment by developing a portfolio of listed and unlisted assets, each a leader in its market. It is present in the video game sector with Gameloft, and also holds a certain percentage of stakes in other companies such as Universal Music Group, Banijay, TIM, MediaForEurope, Telefonica, and Prisca. Its business segments include Gameloft, which derives maximum revenue, and Share of UMG, Corporate, and Other. Geographically, the group generates maximum revenue from North America, followed by EMEA (Europe, the Middle East, Africa), Asia Pacific, and Latin America. | $3 | -25% | $3B | $4B | 10.9x | 20.1x | ||
| Damai Entertainment Holdings Ltd is a technology-powered entertainment company rooted in real-world experiences. While delivering premium films and performances, it harnesses technology to craft inventive experiences for the cultural and entertainment industry, offering users high-quality real-world entertainment. It stands as a full-fledged real-world entertainment platform with businesses spanning content production, marketing and distribution, live performances, IP licensing and integrated operations, as well as cinema ticketing management and data services. | $0 | -18% | $2B | $2B | 1.6x | 17.9x | ||
 | PT Elang Mahkota Teknologi Tbk is an Indonesian integrated group engaged in services, trading, construction, and industry. The group is engaged in media, health, aviation support services, and other business segments through its investments in several subsidiaries. Media segment includes five Free-to-Air (FTA) television stations: SCTV, Indosiar, Mentari TV, Ajwa TV, and Moji; Health segment operates in the health sector by managing private hospitals, aviation support services, ground handling, cargo handling, aircraft dispatch, maintenance, catering, and flight training. The others include connectivity, provision of banking services, financial services, infrastructure technology, internet solutions, investment, and other initiatives. It derives maximum revenue from the Media segment. | $0 | +19% | $2B | $1B | 1.0x | 1.8x | ||
| Toei Co Ltd engaged in the production of theatrical movies, TV dramas, direct-to-video productions, and anime, as well as a diverse range of businesses based on film production. The company releases both domestic and foreign movies, including its own films directly managed theaters and cinema complexes operated by the subsidiary T-Joy Co., Ltd. It also offers a digital cinema system providing packaged video software, such as DVD and Blu-ray discs. Its video distribution services engage in the sales of content to distribution media and the distribution of movies on iTunes in Japan. It operates more than ten official mobile websites via three major carriers namely NTT DOCOMO, au, and SoftBank. | $37 | +22% | $2B | $2B | 1.5x | 6.1x | ||
| Visual China Group Co Ltd is engaged in providing digital visual content and visual solutions to customers in media, commercial, and consumer sectors. It services include Copyright removal, rights protection agent, Sports, Entertainment and Digital marketing, and Special shooting. | $3 | -- | $2B | $2B | 19.4x | 100.6x | ||
| PT MNC Digital Entertainment Tbk is a content provider in Indonesia, has its core business in producing, developing, and distributing content and intellectual properties across all existing media platforms. The company's main business is supported by its various business units engaged in media and entertainment activities, such as drama production houses, infotainment, reality shows, game shows, animation, films, original content, music labels, advertising agencies, content & IP licensing, talent management, social media, including multi-channel networks (MCN), OTT superapps, and online portals. The company's operating segments include Digital, Content and IP, Talent, and Subscription. The company generates maximum revenue from the Content and IP, Talent segment. | $0 | +16% | $2B | $2B | 10.1x | 29.2x | ||
| Xinhua Winshare Publishing & Media Co Ltd is engaged in integrated cultural operations specializing in the creative content production of publications, education services, cultural consumption services, supply chain services, and capital operation. Its activities are editorial and publishing of publications, sales of publications in physical stores and the internet, distribution of textbooks and supplementary materials, education information and equipment services, etc. It is through two operating segments; the Publication segment, which includes publishing books, periodicals, and audiovisual products, and the Distribution segment, which comprises the distribution of textbooks and supplementary materials. The group generates a majority of its revenue from the Distribution segment. | $2 | -12% | $2B | $922M | 0.5x | 3.3x | ||
| TV Asahi Holdings Corporation is a Japanese multimedia group. Ranging from its primary business of broadcast TV, the company owns and manages music publishing and miscellaneous businesses. The Television Broadcasting segment is involved in the production and broadcasting of TV programs. The Music Publishing segment attends to music copyrights and related rights as well as the artist management and recording businesses and through the Others segment, it is engaged in event management and the sale of digital goods such as DVDs. The company derives its revenue from TV Broadcasting Business. | $20 | +20% | $2B | $2B | 0.8x | 8.4x | ||
 | Prime Focus Ltd is an international media and entertainment services company providing integrated post-production activities including visual effects, animation, stereo 2D to 3D conversion, and digital intermediate services. The company caters to the film, television, and digital content industries, offering end-to-end creative, technology, production, and post-production services. It operates across multiple cities globally, including prominent hubs in India, North America, Europe, and Australia, enabling seamless collaboration across time zones. Prime Focus generates revenue majorly through its media services and technology platforms, serving content creators with solutions that optimize workflows, enhance creative output, and reduce costs. | $3 | +111% | $2B | $2B | 5.8x | 35.4x | ||
| Bona Film Group Co Ltd is engaged in the film distribution business in China. The company's main business is film investment, distribution, cinema management, and cinema projection. | $1 | +110% | $2B | $2B | 13.0x | (13.1x) | ||
| Hengdian Entertainment Co Ltd operates as a film production company. It offers film production, film marketing and other services. The activities are carried out through the region of China. | $3 | +34% | $2B | $2B | 5.7x | 20.3x | ||
| Imax Corp is a technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers end-to-end solution to create superior, immersive content experiences for which the IMAX brand is globally renowned. The Company has two reportable segments being Content Solutions and Technology Products and Services. The Company leverages its proprietary technology and engineering in all aspects of its business, which principally consists of the IMAX film remastering and the sale or lease of premium IMAX theater systems. | $33 | +19% | $2B | $2B | 4.8x | 10.6x | ||
| Alpha Group produces animated movies and television series as well as producing and distributing toys. It designs, develops, manufactures, and operates competitive toys, remote-controlled toys, and smart digital series and girl toy series. The company conducts its business in the Chinese and international markets. | $1 | -13% | $2B | $2B | 5.0x | 62.2x | ||
 | China Star Entertainment Ltd is an investment holding company. It operates in three segments namely Film related business operations engaged in investment, production, distribution and licensing of films and television drama series and provision of other film related services including artist management services; Property development and investment operations engaged in investment and development of properties; and Multi-media and entertainment business operations engaged in development, promotion and operation in multi-channel network e-commerce platform and development and sales of private label products. Majority of the revenue is derived from Property development and investment operations segment. Geographically, it derives maximum revenue from Macau. | $1 | +303% | $2B | $2B | 39.2x | (39.2x) | ||
| Metropole Television SA is a media holding company that owns several television channels, magazines, publications, and movie production firms. Metropole Television SA's flagship channel is M6, a multimedia television network that displays a wide variety of content and includes dramas, news, comedies, films, and documentaries. Furthermore, Metropole owns production houses and operates digital content publications. It has four reportable segments which includes Television, Radio, Production & Audiovisual Rights and Diversification involves distribution of niche products, other online revenues, Interactions division. The company generates the vast majority of its revenue from France and also from Television segment. | $14 | -5% | $2B | $2B | 1.1x | 4.5x | ||
| Television Francaise 1 SA is a television broadcasting company. The firm operates numerous television channels, including TF1, which is the company's flagship channel that broadcasts a variety of television programming. Additionally, the company controls other channels such as LCI, which focuses on news and current events, and Eurosport, the company's sports broadcasting segment. It is also involved in television and film production, publishing, as well as social media services. The company derives maximum revenue through Television. The company generates the vast majority of its revenue in France. | $8 | -19% | $2B | $1B | 0.4x | 1.4x | ||
| Webtoon Entertainment Inc is a storytelling platform where a vibrant community of creators and users discover, create and share new content. It has pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication connecting creators with active users around the world. | $11 | +30% | $2B | $955M | 0.7x | 49.1x | ||
| Shanghai Film Co Ltd engages in film distribution and screening activities in China. It also engages in the copyright sales and investment, development and management of cinemas and theaters. | $3 | -23% | $1B | $1B | 10.5x | 32.7x | ||
| S.M Entertainment Co is engaged in the media industry in Korea. Its business involves recording and production of music. It also distributes its music and videos through the medium of internet. Apart from its core operations, the company ventures into management, casting and training for artists. | $61 | -30% | $1B | $1B | 1.3x | 3.5x | ||
| JYP Entertainment Corp is an entertainment company. It is engaged in music production as well as in recruiting, training, and management of new artist. | $42 | -17% | $1B | $1B | 2.1x | 7.1x | ||
| PT MD Entertainment Tbk is an entertainment company whose business activities include manufacturing and producing films and videos, conducting film and video trading, distributing film and video to production houses, agents, distributors, and suppliers, and becoming a supplier of films and videos from other companies. The company's primary business segments are Film, Rent, and Broadcasting. A majority of its revenue is generated from the Film segment, which operates as a production house and produces theatrical films, DOTT films, and series of different genres. Geographically, all of the company's business activities are carried out in Indonesia. | $0 | -8% | $1B | $1B | 49.5x | (106.8x) | ||
| Anycolor Inc is an entertainment startup that supports and manages the NIJISANJI Project. The company produces the VTuber/Virtual Liver project NIJISANJI, global VTuber projects, and other new ventures. | $18 | -27% | $1B | $960M | 3.2x | 8.3x | ||
| ProSiebenSat 1 Media SE is a German mass media and digital company that operates in three segments: Entertainment, which derives maximum revenue, Dating & Video, and Commerce & Ventures. The Entertainment segment represents the core of the company's business with a focus on the Seven.One Entertainment Group, which provides multi-platform digital media to audiences in Germany, Austria, and Switzerland. The Dating & video segment offers a range of online matchmaking services and other social entertainment. The Commerce & Ventures segment supports young companies by offering media-for-revenue or media-for-equity partnerships through its TV reach. Geographically, it derives key revenue from Germany, Austria and Switzerland (DACH), followed by the United States of America and other regions. | $4 | -45% | $1B | $3B | 0.7x | 7.6x | ||
| Sinclair Inc. is the owner-operator of the second largest portfolio of television stations in the United States, with 185 full power stations in 86 markets, covering 40% of US households. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels aligned with The CW (Nexstar) and MyNetworkTV (Fox). Sinclair owns the Tennis Channel and stakes in Marquee Sports Network and YES Network, providing their premium sports content to pay-TV distributors. | $14 | -3% | $978M | $5B | 1.5x | 9.5x | ||
| Shochiku Co Ltd is a diversified media company that primarily operates in the film and production industry. The company has four business segments, which include motion picture, theatre, real estate, and other. The motion picture business produces and distributes television and feature film content. Additionally, the company licenses content domestically and internationally. The theatre segment plans, produces, and promotes kabuki presentations. The real estate business segment owns and leases development properties. The other business largely focuses on merchandise sales. The company earns the vast majority of its revenue in Japan. | $68 | -19% | $935M | $1B | 2.3x | 33.1x | ||
| China Television Media Ltd is a China-based company engaged in the movies and televisions (TVs) businesses. The movies and TV-related businesses mainly include the development and operations of movies and TV bases, the producing and publishing of movies and TV dramas, among others. The company is also involved in the advertising businesses, as well as the movies and TV bases tourism businesses. The company is also engaged in the provision of related technology services through its subsidiaries. | $2 | 0% | $931M | $855M | 5.6x | 91.7x | ||
| Tron Inc is a trusted toy and souvenir designer and developer, selling into theme parks and entertainment venues. It has developed, manufactured, and supplied the entertainment and amusement park industry with exclusive products that are often only available to consumers inside SRM’s customer base venues such as Walt Disney Parks and Resorts, Universal Studios, SeaWorld, Six Flags, Great Wolf Lodge, Dollywood, and Merlin Entertainment. Its product category includes The Smurfs and Zoonicorns, Sammy Sloth, lilita Llama, kyle Koala, and Hanna Hedgehog. | $2 | +236% | $916M | $906M | 191.2x | (55.1x) | ||
| Zhejiang Sunriver Culture Co Ltd is a China-based company engaged in culture consulting, animation design, film and television planning, information services, among others. The group is mainly engaged in the creation, planning, production, distribution, and animation of mobile internet animation, animation related copyright authorization and animation related internet and mobile online game development and operation services. In addition, the company is also involved in the finance business. | $1 | -42% | $904M | $1B | 6.2x | 18.1x | ||
| Zee Entertainment Enterprises Ltd is a broadcasting television company that provides media and entertainment services. Zee generates revenue from advertisements, subscriptions, theatrical revenue, the sale of media content, transmission revenue, and commissions. The company controls a suite of television channels that broadcast in many different languages. Furthermore, Zee Entertainment produces and distributes feature films, develops digital online offerings, and produces and sells live entertainment events. It operates in a single segment, Content and Broadcasting. The company earns the vast majority of its revenue in India. | $1 | -35% | $875M | $571M | 0.7x | 6.8x | ||
| Tips Music Ltd operates in the media and entertainment industry. The principal business activities of the company include the production and distribution of cinematographic films and the exploitation of its content on various platforms. The company has structured its operations into a single business segment, Music (Audio/ Video). Geographically, the company generates maximum revenue from international markets. | $7 | -4% | $866M | $841M | 21.1x | 27.5x | ||
| Beijing Baination Pictures Co Ltd is a Chinese media and entertainment company. Its business content includes Film, Series, Animation, Marketing, Consumerbuisness, and Cultural tourism. | $1 | +31% | $857M | $731M | 16.2x | (4.3x) | ||
| PT Surya Citra Media Tbk is a holdings company that provides multimedia services, the television broadcasting industry. The company operates as a free-to-air television broadcasting station. The majority of the company's revenue comes from Indonesia. The company operates numerous channels that display content throughout Indonesia. The company produces its own content for both television and feature films through its subsidiary PT Screenplay Produksi and provides mass media consultation services. | $0 | +38% | $840M | $725M | 1.9x | 10.2x | ||
| Huawen Media Group operates in the media industry. Its business activities include financial media platforms, regional information media and related extension services, advertising consisting of radio advertising and building media. | $0 | +5% | $796M | $968M | 18.5x | (87.5x) | ||
| Huayi Brothers Media Corp is engaged in the media business. The company's reportable segments are film and television entertainment, TV dramas, artist brokerage and others. | $0 | -19% | $796M | $923M | 20.3x | (65.6x) | ||
| Saregama India Ltd is a holding company, which engages in the production and distribution of music, television programs, and movies. It operates through the following segments: Music, Films/TV Serials, and Publication. The Music segment deals with the business of manufacturing and sale of Music storage devices viz. Carvaan, Music Card, etc, and dealing with related music rights. The Films/TV Serials and Event segment engaged in the production and sale/telecast/broadcast of films/TV Serials, pre-recorded programs, organizing live musical events, and dealing in film rights. The Publication segment publishes the weekly current affairs magazine ‘OPEN’ through its publication business. The firm derives a majority of its revenue from the Music segment. | $4 | -30% | $785M | $758M | 7.4x | 19.7x | ||
| Funshine Culture Group Co Ltd is engaged in different types of business in various art events and cultural activities both domestically and internationally, including planning, art creation and design, stage arts design, urban landscape construction and the lighting and audio project designing theatre and art venues. The company operates in four segments namely events and stage lighting; landscape lighting and interpretation; multimedia creative production; live performance and cultural tourism synthesis services. | $4 | -1% | $742M | $318M | 9.1x | 115.4x | ||
| iHeartMedia Inc is a United States-based audio media company. The company operates through the segments of the Multiplatform Group, the Digital Audio Group, and the Audio & Media Services Group. The company derives prime revenue from the Multiplatform Group segment which includes the company's Broadcast radio, Networks and Sponsorships, and Events businesses. The Digital Audio Group segment includes all of the company's digital businesses, including podcasting; and the Audio & Media Services Group includes Katz Media Group, a full-service media representation business, and RCS Sound Software, a provider of scheduling and broadcast software and services. | $5 | +284% | $711M | $6B | 1.6x | 9.2x | ||
| Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development. | $11 | -19% | $691M | $590M | 2.2x | 10.5x | ||
 | Acast AB is the curated, fully integrated, podcast marketplace in the world. The company offers podcast hosting, growth, and then monetization through both a creative and curated advertising marketplace, as well as membership features to connect podcasters with paying fans. The group has three operating segments- Europe, North America and others. Majority of revenue is generated from Europe segment. | $4 | +113% | $663M | $613M | 2.2x | 53.9x | ||
| Falcons Beyond Global Inc. is a Company that provides a full range of theme park design, master planning, and experiential technologies for customers in the entertainment and attraction industry through its Falcon’s Creative Group reportable segment and develops and co-owns resort and theme park attractions through its Destinations Operations. The Company has four operating segments, Falcon’s Creative Group, PDP, Falcon’s Beyond Brands, and Destinations Operations, all of which are reportable segments. It earns the majority of the revenue from Falcon’s Creative Group segment. | $13 | +91% | $656M | $674M | 45.3x | 67.1x | ||
| TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting. | $25 | +9% | $655M | $385M | 0.4x | 4.7x | ||
| Nrj Group is a media company operating as a publisher, producer, broadcaster and marketing its own media spaces. It operates with the brand names NRJ, CHERIE FM, NOSTALGIE and RIRE & SONGS. The company operates two free national channels under the brand name NRJ 12 and CHERIE 25 and a pay channel under the brand NRJ HITS. It also operates an international radio station and production of musical theatre. The company operates in France as well as an outside country either through direct operations or through NRJ / ENERGY brand licenses, the first international radio brand, and/or NOSTALGIE / NOSTALGIA. | $8 | -5% | $646M | $183M | 0.5x | 2.1x | ||
| H & R Century Union Corp is engaged in the production and distribution of film and television dramas, artist brokerage management, games and film, and television derivative business. | $1 | +22% | $633M | $606M | 7.8x | (22.3x) | ||
| YG Entertainment Inc is a talent development and production company. It is a management company and engages in music record production. The company has produced contemporary popular music such as Jeunesse, 1TYM, Seven, Big Bang, and 2NE1. | $33 | -40% | $605M | $422M | 1.2x | 5.9x | ||
| CJ ENM Co Ltd provides media content, and online and home shopping services. It is primarily involved in television home shopping, Internet shopping mall, and catalogue sales businesses. Further, it provides accessories, electronic, sport, household products through a cable television home shopping network, mail orders and Internet. Geographically, activities are carried out through the region of South Korea. | $29 | -31% | $594M | $2B | 0.5x | 1.7x | ||
| StudioDragon Corp is an entertainment company. The company produces and sells traditional dramas, modern dramas, and other dramas. | $20 | -39% | $587M | $556M | 1.5x | 4.9x | ||
| Beijing Jingxi Culture&Tourism Co Ltd is a full-industry chain film and television entertainment media group. It is primarily engaged in the tourism and cultural resources, and film and television entertainment production businesses in China. | $1 | +15% | $546M | $577M | 11.8x | (13.6x) | ||
| Tohokushinsha Film Corp is a Japanese based media company. It operates in four business divisions including media production, distribution, broadcasting and commercial film production. Its business activities include advertising production, sales promotion, digital production, dubbing and subtitling, film distribution, film library, television distribution, and broadcasting operations. | $4 | +9% | $518M | $201M | 0.7x | 2.4x | ||
| Kaiser (China) Culture Co Ltd is a pan-entertainment company in China. It is engaged in mobile game research and development and distribution, animation production and investment, film and television drama production and investment, and Internet culture industry investment. | $1 | +35% | $492M | $492M | 6.1x | (8.0x) | ||
| Zhejiang Huazhi Digital Media Co Ltd is engaged in investment, production, distribution and derivative business of TV series; investment, production, distribution and derivative business of movies; artist management and related service business. | $1 | -22% | $481M | $502M | 30.1x | (9.8x) | ||
| Angel Studios Inc is an entertainment company known for crowd-funded films and television projects. It enables creators to share projects and engage audiences directly. The platform allows fans to invest in and promote productions, fostering a community-driven approach to content creation. | $3 | -- | $473M | $540M | 1.7x | (4.0x) | ||
| Shaanxi Broadcast & TV Network Intermediary (Group) Co Ltd is engaged in the provision of planning, construction, and operation and management of radio and television network in Shaanxi Province. The company provides digital and cable television services, high-definition interactive services, including basic channel broadcast services, channel broadcast subscription and information services, and video-on-demand services; and data services. | $1 | +50% | $459M | $1B | 8.0x | (12.9x) | ||
| WILD BUNCH AG is an independent European film distribution and TV series distribution and production company actively engaged in content acquisition, film and TV series financing, co-production, film and TV series distribution, and world sales. The company offers a wide range of distribution services. The group is active in two reportable business segments: International Sales and Distribution as well as Film Production, which derives maximum revenue, and includes the production and distribution of films; and the Other segment, which includes the operation of a VOD/SVOD platform and other activities. Geographically, it derives maximum revenue from Germany and the rest from France, Italy, Spain, and other regions. | $19 | -57% | $452M | $578M | 7.2x | 14.9x | ||
| GREE Holdings Inc is a Japanese internet media company headquartered in Tokyo. It is engaged in developing the Game and Anime, Metaverse, DX, Manga, and Investment Business. | $3 | -20% | $451M | $36M | 0.1x | 1.4x | ||
| TVZone Media Co Ltd is a state-owned cultural enterprise absolutely controlled by Changsha Broadcasting and Television Group. The company's main business is TV, internet, and mobile internet video. It is also engaged in the production, distribution, and marketing of such content; the operation of television drama rights. | $3 | +29% | $448M | $449M | 8.9x | 72.5x | ||
| Ciwen Media Co Ltd is a China-based company engaged in the investment, manufacture, and publication of movie and television plays. It is also engaged in the research, development, and promotion of games, artist brokerage business and the provision of information technology. The company distributes its products within domestic market and to overseas markets. | $1 | -- | $413M | $422M | 7.2x | (967.1x) | ||
| Gaumont is producer and distributor of motion films. The company produces television programs, cartoon films and series produced by Alphanim; and television drams and series produced by Leonis Productions, Gaumont Television, and Gaumont International Television. The Gaumont group operates in two business sectors which constitute its operating segments: Production and distribution of French feature films, Gaumont’s historical activity; Production and distribution of audiovisual programs via its subsidiaries in France, the United States and Europe; and the Group’s central real estate management and coordination activities. It derives maximum revenue from Production and distribution of audiovisual programs. | $119 | +20% | $370M | $321M | 1.8x | 3.7x | ||
| AMC Networks owns several linear TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network,reached 55 million pay TV households in the US at the end of 2025. The firm also had nearly 10.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue. | $9 | +30% | $366M | $2B | — | — | ||
| Soop Co Ltd is engaged in offering Internet-based services around the social media platform AfreecaTV. It offers digital media storage, streaming, downloading, video-on-demand, and advertising services. Through AfreecaTV, it is not only providing fun and emotion but also a new entertainment culture. Anyone from anywhere can easily live stream in real-time without the use of any special equipment aside from PC and mobile devices. | $34 | -40% | $365M | $9M | 0.0x | 0.1x | ||
| Starz Entertainment Corp is the premium entertainment destination for women and underrepresented audiences, and home to some of the popular franchises and series on television. It offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning. Complementary to any platform or service, it is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry technology, data analytics, and digital infrastructure STARZ app. | $21 | +1% | $356M | $926M | 0.7x | 1.5x | ||
| Alliance Entertainment Holding Corp is a distributor of music, movies, and consumer electronics. It offers products consisting of vinyl records, compact discs, DVDs, Blu-rays, and video games. The company serves customers of every size, providing a suite of services to resellers and retailers around the world. The company has two divisions: Alliance Home Entertainment, which offers full-service support across production, marketing, and retail execution. and Alliance Authentic, which focuses on licensed collectibles and branded merchandise, including partnerships with Handmade by Robots, Master Replicas, and Weta Workshop. | $6 | +126% | $326M | $432M | 0.4x | 11.9x | ||
| Avex Inc is a diversified media company, which holds a number of entertainment subsidiaries. The company has four primary business segments: music, video, management and live content, and other. The music segment designs, produces, and sells music and music-related content. The video segment plans, produces, sells, and distributes video content and feature films. The management and live business segment manages artists, sells merchandise, operates fan clubs, and is involved in the production of concerts and live events. The other business segment operates schools, restaurants, and real estate. The company generates the vast majority of its revenue in Japan. | $8 | -5% | $324M | $108M | 0.1x | 3.2x | ||
 | Ihlas Haber Ajansi AS is engaged in a news agency business. The company delivers visual, written, and photographic news to its subscribers via satellite and the internet. It also has started to provide broadcasting services in Iran, Iraq, Afghanistan, Pakistan, Russia, Greece, Kosovo, Israel, Palestine, Ukraine, and Central Asian Turkic Republics. | $2 | +198% | $290M | $289M | 24.1x | 322.7x | ||
 | Secuoya Grupo De Comunicacion SA operates a video production facility. It is engaged in the creation, production and distribution of audiovisual and digital content. The company also offers support and business process outsourcing. | $35 | +19% | $284M | $390M | 2.7x | 5.7x | ||
 | GMA Network Inc is a media broadcasting company. The company has three operating segments namely, Television and Radio airtime, International Subscription, and Other Businesses. Its television and Radio segment is engaged in broadcasting activities and the sale of national and regional advertising time. The International Subscription segment is engaged in subscription arrangements with international cable companies and the Other Businesses segment includes movie production, consumer products, and other services. Geographically, it operates in the Philippines and other countries, of which a majority of the revenue is derived from the Philippines. | $0 | -8% | $282M | $309M | 1.0x | 4.8x | ||
| Inkeverse Group Ltd is engaged in operating the live streaming platform and provision of advertising services in the People's Republic of China. The group business activities are mainly in the live streaming business and generate revenue from the same. It engages in the provision of value-added telecommunications services, internet cultural services, online audio and video program services, and talent agency services. Geographically, it derives majority of its revenue from China. | $0 | -26% | $245M | ($156M) | (0.2x) | (2.0x) | ||
| Bushiroad Inc is engaged in the development, manufacturing and sales of trading card games using various IPs, mobile online games, video and music contents, events and goods. | $2 | -30% | $212M | $137M | 0.4x | 3.9x | ||
| WildBrain Ltd is a Canadian media company specializing in children’s entertainment, known for producing, distributing, and licensing popular content. The company operates production studios, a multi-channel YouTube network, and a brand licensing agency (WildBrain CPLG). WildBrain’s content reaches audiences in various countries across TV, digital platforms, and consumer products. Its business spans content creation, audience engagement, and franchise management with offices in Canada and internationally. It has three reportable segments: 1) Content and Licensing; 2) Global Licensing, and 3) Canadian Television Broadcasting. The company generates the majority of its revenue from the management of copyrights, licensing, and brands for third parties. | $1 | -35% | $211M | $606M | — | — | ||
| Marvelous Inc is a Japanese technology company that engages in planning, developing, and selling online games, consumer game software, and audio-visual content. The company's segments include online business, which develops and operates online games and applications, focusing on social games for social networking sites; consumer business, which develops and sells home game software and commercial equipment for amusement facilities; and music video business, which produces and operates music and video contents with a focus on animation. | $3 | +6% | $189M | $131M | 0.7x | 6.0x | ||
 | The ONE Enterprise PCL is engaged in the media business comprising digital TV, and radio, production of content, production of advertising media, rent of advertising space, subleasing television station, artist management, studio rental service, and sales of goods and investment in other business. Its operations are carried on only in Thailand. | $0 | +22% | $186M | $106M | 0.5x | 1.8x | ||
| Amuse Inc is a Japan based integrated entertainment group. It is involved in the businesses of artist management business, media visual business, contents business, place management business, and other businesses. In artist management business, the company is engaged in the production of concerts, stage performances of artists, planning and production of stage performances and events, management of fan clubs and sales of a variety of goods and products, television, radio and commercial appearances, and production and distribution of record masters and management of copyright. In media visual business, the company manages image-based entertainment, such as producing and distributing visual software such as TV shows and movies and producing and selling DVDs. | $11 | +10% | $182M | ($16M) | (0.0x) | (0.7x) | ||
| IG Port Inc is a Japan-based content provider which delivers high-quality animated works and comics from the planning and production of contents, images, and music to the worldwide market. | $9 | -25% | $181M | $138M | 1.4x | 6.9x | ||
| Median | $5 | -1% | $1B | $1B | 2.3x | 7.7x |
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