Netflix, the World's Richest Media Company in 2021

Media has become an inseparable part of modern society. The rapid development of the media industry has led many media companies to expand their businesses into broadcasting, advertising, print or electronic media, recording, and film.

According to therichest.com, Netflix is the world's richest media company with revenue reaching US$234 billion (approximately Rp3,346 trillion at an exchange rate of Rp14,298/US$) in 2021. In the first quarter of 2021, Netflix had 207.64 million paying subscribers.

Walt Disney ranks second as the world's richest media company with revenue of US$220 billion (Rp3,145 trillion). This is followed by Comcast Corporation, a cable, telecommunications, and entertainment company, with revenue of US$209 billion (Rp2,988 trillion).

AT&T's revenue reached US$203 billion (Rp2,902 trillion). Meanwhile, Charter Communication and Sony had revenues of US$130 billion (Rp1,859 trillion) and US$95 billion (Rp1,358 trillion), respectively.

During the pandemic, the media industry faced various challenges, such as the suspension of television and film projects and the closure of cinemas. This resulted in significant losses in ticket sales and advertising revenue. Therefore, digital streaming media like Netflix experienced rapid growth during the pandemic.