Netflix Overtakes Comcast as the World's Largest Entertainment Company in August 2023

Based on data from *Companies Market Cap*, Comcast is currently the world's largest company in the entertainment industry.

The United States-based company had a market capitalization of US$192.97 billion as of August 30, 2023, surpassing its main competitors such as Netflix and Disney.

Comcast offers a range of entertainment services, including cable television, pay-TV, internet, and telephone services.

In addition, Comcast owns several subsidiaries thriving in the live entertainment industry, such as Universal Parks & Resorts, Xfinity Theater, and Comcast Spectacor.

Underneath Comcast is Netflix, ranked second as the world's largest entertainment company with a market capitalization of US$190.54 billion on August 30, 2023.

The streaming service provider has grown thanks to its strategy of distributing original content and global expansion. According to Statitsa, Netflix had 238.4 million subscribers in Q2 2023.

Walt Disney comes in third, with a market capitalization of US$154.43 billion as of August 30, 2023.

Walt Disney has many business lines in the entertainment industry, including theme parks, resorts, cruises, and broadcast television networks.

The California-based company also offers a film streaming service, Disney+, which was launched in 2019.

Below is a complete list of the top 10 entertainment companies with the largest market capitalization in the world as of August 30, 2023, at 2:30 PM WIB:

1. Comcast: US$192.97 billion
2. Netflix: US$190.54 billion
3. Walt Disney: US$154.43 billion
4. Sony: US$101.99 billion
5. Activision Blizzard: US$72.36 billion
6. NetEase: US$67.66 billion
7. Oriental Land: US$57.30 billion
8. Nintendo: US$50.16 billion
9. Universal Music Group: US$45.77 billion
10. Las Vegas Sands: US$41.72 billion

(See also: 10 Largest Cosmetic Companies in the World, the Winner is from France)