IG Port Valuation Multiples

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.

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.

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.

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.

Liberty Media is an American media and motorsport holding company headquartered in Englewood, Colorado, whose shares trade on Nasdaq as Formula One Group tracking stocks. Its main assets are Formula One, which it acquired in January 2017, and MotoGP organiser Dorna Sports, in which it took an 84% stake in July 2025. Both series earn revenue from race promotion fees paid by circuit hosts, media rights sold to broadcasters and streamers, and sponsorship, hospitality and licensing. In 2025 Formula One revenue rose 14% to $3.9 billion with operating income of $632 million, and MotoGP revenue rose 14% to $573 million. The original Liberty Media was spun off from Tele-Communications Inc. in 1991 under John Malone, who is now chairman emeritus; Robert Bennett is chairman and Derek Chang chief executive. The group has repeatedly reshaped itself through tracking stocks and spin-offs, splitting off the Atlanta Braves in 2023, combining its SiriusXM interest into a separate listed company in September 2024 and separating Liberty Live, holder of its Live Nation stake, in December 2025.

Wolters Kluwer is a global provider of professional information, software solutions, and services in health; tax and accounting; environmental, social, and governance; finance; compliance; and legal. More than 60% of revenue is generated in North America and around 30% is from Europe.

News Corporation is a diversified media and information services conglomerate with significant presence in the US, the UK, and Australia. Key mastheads include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph. Its 61%-owned REA Group is the dominant property listings platform in Australia. In addition, it owns Harper Collins, one of the largest book publishers in the world, and has a sizable US digital property advertising business, Move. The 65% interest in Foxtel, the Australian pay-TV and streaming provider, was sold in April 2025. The sale to global sports streaming platform, DAZN, was struck at more than 7 times Foxtel's EBITDA.

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.

Informa PLC is an international events, digital services, and academic research group. Through various brands, products, and services, it connects businesses and professionals with the knowledge they need. The group's reportable segments are Informa Markets, Informa Tech, Informa Connect, Informa Festivals, and Taylor & Francis. The Informa Markets segment generates the highest revenue, connecting buyers and sellers across various specialist markets, including boating, pharmaceuticals, food, fashion, and infrastructure. This is achieved by delivering transaction-focused live events, such as exhibitions, specialist digital content, and targeted digital services, including data-driven demand generation products. It generates half its revenue from North America, followed by Asia.

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.

Pearson is a British education and assessment company headquartered in London, listed on the London Stock Exchange as a FTSE 100 constituent with a secondary New York Stock Exchange listing through American depositary receipts. It is organised into five business units: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Enterprise Learning and Skills. It owns Edexcel, one of the main GCSE and A-level examination boards in England, and sells learning materials, assessments, qualifications, virtual schooling and digital learning products to schools, universities, governments, employers and individual learners. In 2025 it reported revenue of £3,577 million, operating income of £507 million and an average workforce of 17,062. The company traces its origins to 1844, when Samuel Pearson set up the business that became S. Pearson & Son; in the twentieth century it built a publishing and media portfolio that included the Financial Times, a 50% stake in The Economist and Penguin Books. Under Marjorie Scardino it refocused on education, forming Pearson Education in 1998, and between 2015 and 2020 it sold the Financial Times, its Economist stake and its remaining stake in Penguin Random House. Omar Abbosh, formerly of Microsoft, has been chief executive since January 2024.

The New York Times Company is an American media company headquartered in the New York Times Building in Manhattan, New York City, and the publisher of The New York Times and The New York Times International Edition. Alongside its news report it owns The Athletic, a subscription sports news site bought in February 2022 for $550 million, the word game Wordle, acquired in January 2022, and podcast producer Serial Productions, acquired in 2020. The company earns most of its revenue from digital and print subscriptions, supplemented by digital and print advertising. In 2025 it added 1.4 million net digital subscribers, including 450,000 in the fourth quarter, to reach about 12.8 million, and its digital revenue topped $2 billion for the first time, driven by roughly 14% growth in digital subscription revenue; fourth-quarter digital advertising rose about 25% to $147 million. The newspaper was first published on September 18, 1851, by Henry Jarvis Raymond and George Jones. The company introduced a website paywall in 2011 and has since sold About.com and The Boston Globe to concentrate on its subscription model. Meredith Kopit Levien has been chief executive since 2020.

Founded in 1932, Toho traces its roots to Kobayashi Ichizo's Takarazuka Revue enterprise, building the Tokyo Takarazuka Theater as its flagship stage for musical theater. Today, Toho is Japan's largest film distribution and exhibition company, operating the Toho Cinemas chain and best known for its Godzilla franchise. In 2012, Toho launched an in-house anime unit. Toho also runs a real estate segment, earning stable income mainly from office, retail, and hotel properties in prime central Tokyo locations such as Hibiya and Yurakucho.

Bilibili is a Chinese online entertainment platform best known for its YouTube-like video-sharing service. Founded in 2009, it initially focused on long-form content centered around anime, comics, and gaming, or ACG, catering primarily to Generation Z users. Over time, the platform has expanded its content ecosystem to cover a broader range of interests, successfully attracting a more diverse audience beyond its original Gen Z base.

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.

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.

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.

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.

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.

Springer Nature AG & Co KGaA is a research, educational, and professional publisher providing content to communities through a range of platforms, products, and services. It offers journals, books, platforms, databases & and solutions. The company includes three Segments: Research, Education, and Health. The company operates in the Americas, APAC, Germany, and Other EMEA regions. The majority of revenue is generated from the research segment in America.

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.

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.

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.

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.

Banijay Group NV media and entertainment company. It has over 130 production companies across 25 territories, a multi-genre catalogue boasting over 226,000 hours of original standout programming, and a complementary live entertainment business. It produces both scripted and non-scripted content across all genres, including reality, entertainment and talk shows, game shows, factual entertainment, documentary, drama, animation (or kids) and comedy.

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.

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.

Kadokawa Corp is a Japan based publisher and digital content platform provider. It is involved in various businesses such as publishing, film, publishing rights, digital contents, planning, development and operation of network entertainment service, and contents and operation of video- sharing website.

Jiangsu Phoenix Publishing & Media Corp Ltd is a China-based publishing company. The company operates four segments. The Publishing segment covers the publishing and distribution of textbooks, teaching aids, general books, audio-visual products, and vocational education software. The Issuing Division handles the wholesale and retail of teaching materials, teaching aids, general books, audio-visual products, and cultural supplies. The Other segment includes new media businesses such as software development, film and television production, digital asset management, cloud services, and investment management. The Headquarters segment oversees distribution management, procurement, settlement, group publication distribution, textbook bidding, and publishing business management.

Canal+ SA is a media and entertainment company that 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.

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.

Lionsgate Studios Corp. is a Canadian-American film and television production and distribution conglomerate, domiciled in Vancouver, British Columbia, and primarily based in Santa Monica, California. It was formed on 14 May 2024, when Starz Entertainment, formerly known as Lionsgate, spun off its film and television businesses and merged them with Screaming Eagle Corporation. Lionsgate was an early backer of Immortals: its Interactive Ventures president Peter Y. Levin was among the investors who helped found the esports team in October 2015. It remained an existing shareholder in the Series B. Immortals Gaming Club, the esports and gaming holding company formerly called Immortals LLC, closed a $30 million Series B in May 2019 and bought the Brazilian matchmaking platform Gamers Club; it also owns the teams Immortals, Los Angeles Valiant and MIBR.

China Science Publishing & Media Ltd is a China based company engaged in providing publishing services. It offers books, journals, newspapers, literature and data, online publishing, import and export and printing services. For overseas distribution, the company uses Science Press brand.

China South Publishing & Media Group Co Ltd operates in the publishing and media industry. The company offers publishing products, including books, newspapers, periodicals, audio and video products, electronics, network, comic, and animation.

Lagardere SA is in the business of content publishing, production, broadcasting, and distribution. It is also engaged in the travel retail business with various brands such as Relay and Aelia Duty-Free, and other selective distribution brands. The company operates through divisions: Lagardere Publishing, Lagardere Travel Retail, and others.

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.

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.

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.

McGraw Hill is an American education company that publishes curriculum and course materials and sells adaptive learning software to schools, universities and professionals. Its roots go back to 1888, when James H. McGraw bought the American Journal of Railway Appliances, and to the 1909 merger of his and John A. Hill's publishing operations into the McGraw-Hill Book Company. The K-12 business provides core, supplemental and intervention curricula to US schools; Higher Education sells digital courseware such as the Connect platform and the ALEKS adaptive learning system alongside e-books and print materials; Global Professional serves medical and engineering learners; and International sells in more than 100 countries. The McGraw-Hill Companies sold the education business to Apollo Global Management for $2.4 billion in 2013, Platinum Equity bought it for $4.5 billion in 2021, and it completed an initial public offering on the New York Stock Exchange under the ticker MH on 24 July 2025. The company reports about $2.2 billion of annual revenue and 4,200 employees, and digital products generated about 61% of revenue in the first quarter of fiscal 2026. It is headquartered in Columbus, Ohio and led by chief executive Philip Moyer.

John Wiley & Sons Inc is a publisher and a trusted leader in research and learning. The company segment includes: Research, which includes the reporting lines of Research Publishing and Research Solutions, and Learning includes the Academic and Professional reporting lines and consists of publishing, courseware, and assessments. Its industry-principal content, services, platforms, and knowledge networks are tailored to meet the evolving needs of its customers and partners, including researchers, students, instructors, professionals, institutions, and corporations. The company empowers knowledge-seekers to transform today’s obstacles into tomorrow’s brightest opportunities. For more than two centuries, the company has been delivering on its timeless mission to unlock human potential.

COL Global Co Ltd is a digital cultural content industry group in China. Its core businesses include digital content production, copyright distribution, IP derivatives, and intellectual property protection.

Zhejiang Publishing & Media Co Ltd is engaged in the publication, distribution and printing of books, periodicals, audio-visual products and electronic publications.

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.

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.

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.

TX Group AG is a Swiss company with a network of digital platforms. It offers information, orientation, entertainment, and services to its users every day. The company provides newspapers and magazines. The company's operating segments include TX Markets; Goldbach; 20 Minuten; Tamedia and Group and Ventures. It generates maximum revenue from the Tamedia segment.

Shandong Publishing & Media Co Ltd provides publishing services. The company owns and manages publishing houses, periodical presses, printing enterprises, printing materials company, and logistics company. Geographically, the activities are carried out through China.

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.