INSTITUTIONAL RESEARCH

Conglomerate, Subsidiary, Independent

CONGLOMERATE
A conglomerate describes a company which owns a large

number of other companies in various mass media divisions, such as: television, radio, film, publishing, and the Internet. A media conglomerate often conducts their business, through their various divisions, on a global scale.
An example of a Conglomerate would be The Walt Disney

Disney Company. They have many Subsidiaries of which comprise of: - ABC, Walt Disney Pictures, Pixar, ESPN, and Marvel Comics, just to name a few.

SUBSIDIARY
A subsidiary is a company that has been set up or acquired by

another company that is usually either larger or better-known to the public as a result of its longevity or reputation. The acquiring company is called the parent corporation (conglomerate). With a subsidiary company, the parent corporation owns more than 50% of each subsidiary it acquires. A benefit of being a subsidiary is that it can obtain funding and resources from its larger, parent corporation.
An example of a Subsidiary would be 20th Century Fox.
20th Century Fox are a division of their parent corporation

known as 21st Century Fox.

INDEPENDENT
An independent film company is a professional film company

who produce feature films that receive no financial backing or resources, nor are produced as part of the major film studio system. Independents productions are tend to be produced and distributed by themselves or sometimes by subsidiaries of major film studios. Independents often have a low budget and this is distinguishable by the presentation and style of film.
An example of an Independent company is Sixteen Films. Sixteen Films was formed by director Ken Loach and producer

Rebecca O'Brien. They are known for films such as: - Looking for Eric, Kes, Summer, Route Irish, and Sweet Sixteen, just to name a few.