The media landscape used to be straightforward: Content companies — studios — made stuff — TV shows and movies — and sold it to pay TV distributors, who sold it to consumers.
Now things are up for grabs: Netflix buys stuff from the studios, but it’s making its own stuff, too, and it’s selling it directly to consumers. That’s one of the reasons older media companies are trying to compete by consolidating. And new distributors like Verizon and AT&T are getting in on the action. AT&T, for instance, just merged with Time Warner.
Meanwhile, giant tech companies like Google, Amazon and Apple that used to be on the sidelines are getting closer and closer to the action.
To help sort this all out, we’ve created a diagram that organizes distributors, content companies and internet video companies by market cap and their main lines of business.
Here’s what the Big Media universe currently looks like.