(I-BusinessNews.Com, July 09, 2018 ) TV And Radio Broadcasting is defined as production and distribution of audio and video content through different modes of electronic communication. The TV and radio broadcasting industry is both a producing and a service provider industry, in which studio houses produce or purchase content from third party and distribute it through different channels, mainly radio and television, to the ultimate viewers.
The market is valued at around $431 billion in 2017, and the technological upgrades are projected to drive the growth of the TV and radio broadcasting industry. These technological improvements and upgrades will reduce the high capital cost and enhance the quality of services.
The market in the report is segmented into: television broadcasting and radio broadcasting.
The USA was the largest country in the TV and Radio Broadcasting market in 2017, accounting for close to one-fourth of the market share. The USA was followed by China and Japan.
The top five competitors in the market made up one-fourth of the total market in 2017. Time Warner Inc. was the largest competitor, followed by Walt Disney, Comcast Corp, DISH Network Corporation and Viacom Inc. Time Warner Inc. was the largest company in the TV and radio broadcasting services market with almost 7% share in the market in 2017. The company was founded in the year 1990 and is currently headquartered in New York City, USA. It currently has 24,800 employees worldwide.
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