With innovations in 5G, augmented reality and virtual reality (AR/VR), the mobile entertainment market is expected to continue expanding, offering more immersive and engaging experiences to users worldwide.

The size of the global mobile entertainment market was valued at US$199.36bn in 2023 and is projected to reach a value of US$709.67bn by 2032, registering a CAGR of 17.2% between 2024-2032. Such rapid growth can be attributed to advancements in mobile technology, increased internet accessibility and the surging popularity of streaming and on-the-go entertainment.

Streaming in particular is a driving force for mobile entertainment, with many consumers consuming content on their handheld devices or engaging with artists via social media.

With this in mind, Mobile Magazine looks at some of the leading entertainment companies in the world that are eager to capitalise on the latest technologies and customer demands.
This list has been compiled based on revenue at the time of writing.

10: NetEase

Revenue: £14.87bn/US$18.81bn (November 2024)

Employees: 29,000+

CEO: Ding Lei

Founded: 1997

NetEase is a leading internet and game services provider focused on the delivery of premium content. The company boasts extensive offerings across its expanding gaming ecosystem and develops and operates some of the most popular and longest-running mobile and PC games available in the People’s Republic of China and the rest of the world.

The organisation also has an on-demand music-streaming service, NetEase Cloud Music, alongside video game offerings including Fantasy Westward Journey, Tianxia III, Heroes of Tang Dynasty Zero and Ghost II.

9: Spotify

Revenue: £15.61bn/US$19.74bn (November 2024)

Employees: 9,123+

CEO: Daniel Ek

Founded: 2006

Spotify is a Swedish audio streaming and media service provider founded in 2006 by Daniel Ek and Martin Lorentzon. As of September 2024, the company is one of the largest providers of music streaming services, with more than 640 million monthly active users consisting of 252 million paying subscribers.

With its revolutionary business model remaining popular worldwide, Spotify has always been eager to engage with digital trends. In 2023, the company first debuted its AI Playlist model, which offers a personalised AI guide that selects music based on listening habits of the individual listener. 

8: MGM Resorts

Revenue: £17.26bn/US$21.83bn (November 2024)

Employees: 83,000+

CEO: William “Bill” Hornbuckle

Founded: 1986

MGM Resorts International is an S&P 500 global gaming and entertainment company. With its “Focused on What Matters: Embracing Humanity and Protecting the Planet” philosophy, the company holds hotels and casinos, meeting and conference spaces, live and theatrical entertainment experiences and restaurant, nightlife and retail offerings. 

The company creates immersive experiences through its suite of Las Vegas-inspired brands and currently has 31 unique hotel and gaming destinations in its portfolio. Based predominantly in the US, MGM is currently pursuing a targeted expansion in Asia, notably through its integrated resort opportunity in Japan.

7: Live Nation

Revenue: £23.81bn/US$30.12bn (November 2024)

Employees: 31,700+

CEO: Michael Rapino

Founded: 2010

Live Nation Entertainment is an American multinational entertainment company that was founded in 2010, following the merger of Live Nation and Ticketmaster. Owned by Liberty Media Corporation, it promotes, operates and manages ticket sales for live entertainment internationally.

As one of the world’s leading live entertainment companies, Live Nation works with artists to bring their creativity to life on stages around the world. Significantly, in 2019, the company connected 98 million fans to 40,000 events in 42 countries.

6: Paramount Global

Revenue: £29.26bn/US$37.01bn (November 2024)

Employees: 21,900+

CEO: George Cheeks, Chris McCarthy, Brian Robbins

Founded: 2019 (merger)

Paramount Global (also known as Paramount) is an American multinational mass media and entertainment conglomerate. The company delivers premium content to audiences across platforms worldwide, including via its studios, networks, streaming services, live events and merchandise. 

The company creates content for all audiences across every genre and format, alongside its networks and brands seeking to create deep connections with its global audience. In streaming, its differentiated strategy is scaling rapidly across free, broad pay and premium. Currently, its networks reach more than 2.8 billion cumulative subscribers across 174 countries.

5: Netflix

Revenue: £279.10bn/US$353.12bn (November 2024)

Employees: 13,000+

CEO: Ted Sarandos and Greg Peters

Founded: 1997

Netflix has revolutionised the entertainment industry with its pioneering streaming media and video on demand services. Since its founding, the company has grown into a global powerhouse, offering a wide array of content to subscribers in almost 200 countries. With a robust infrastructure and a focus on customer experience, Netflix continues to redefine how audiences consume media.

As Netflix has continued to explode and achieve multi-billion-dollar revenues, its corporate setup has remained unique. While radical at the time, many companies now aspire to achieve the company’s successful culture of separating corporate culture from team relationships. 
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4: Warner Bros. Discovery

Statistics (must include):

Revenue: £39.93bn/US$50.52bn (November 2024)

Employees: 35,300+

CEO: David Zaslav

Founded: 2022 (merger)

Warner Bros. Discovery (WBD) is an American multinational mass media and entertainment conglomerate. It was formed from WarnerMedia's spin-off by world-leading telco AT&T and its merger with Discovery in April 2022.

The organisation is now a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of content and brands across television, film and streaming. Available in most countries and territories around the world, WBD informs and entertains audiences worldwide through its iconic brands.

These include Discovery Channel, Max, discovery+, CNN, HBO, Warner Bros. Motion Picture Group, Warner Bros. Games, New Line Cinema and many more.

3. Sony

Revenue: £87.21bn/US$110.35bn (November 2024)

Employees: 113,000+

CEO: Kenichiro Yoshida

Founded: 1946

Sony Group Corporation, formerly known as Tokyo Tsushin Kogyo K.K. and Sony Corporation, is a Japanese multinational company. Sony Entertainment refers to the corporation’s entertainment division, established in 2012 and managed by its American subsidiary to oversee its film, television and music ventures. 

As a long-term global leader in consumer electronics, Sony is well known for manufacturing products like televisions, digital cameras, smartphones and hearables. It is most associated with the widely popular line of video game consoles under the gaming brand PlayStation.

2: The Walt Disney Company

Revenue: £90.02bn/US$113.9bn (November 2024)

Employees: 225,000+

CEO: Bob Iger

Founded: 1923

The Walt Disney Company, commonly referred to as Disney, is an American multinational mass media and entertainment company focused on international family entertainment and media. Pioneering film producer Walt Disney first founded the company with his brother Roy in 2029, resulting in the company growing into a global success.

First famous for its animated films, Disney soon expanded into a major entertainment conglomerate and went on to acquire notable film production companies Pixar, Marvel Entertainment, Lucasfilm and 21st Century Fox. 

Disney’s main areas of business include television, broadcasting, streaming media, theme park resorts, consumer products and publishing. It is one of the best-known companies in the world and was ranked 48 on the 2023 Fortune 500 list of biggest companies in the US by revenue.

The company has also won 135 Academy Awards, produced some of the greatest films of all time and totally revolutionised the theme park industry.

1: Comcast

Revenue: £123.06bn/US$155.71bn (November 2024)

Employees: 186,000+

CEO: Brian L. Roberts

Founded: 1963

Comcast Corporation is an American multinational telecommunications and media conglomerate. It is consistently ranked as one of the largest broadcasting and cable television companies worldwide by revenue and is well known for being the parent company of NBCUniversal, in addition to being the largest home internet provider and cable provider in the US.

The company provides connectivity, content and experiences, with its offerings enjoyed by hundreds of millions of customers, viewers and guests worldwide. Bringing together innovative technology and extraordinary content, Comcast seeks to deliver world-class broadband, mobile and entertainment for its customers, alongside technology that powers the future.

In addition to this, Comcast produces and distributes entertainment, sports and news content across its channels, while offering theme parks and attractions worldwide. Some of the network channels it owns include NBC, Telemundo, Cozi TV, CNBC, USA Network, Syfy, E!, Dreamworks Animation and more.

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