Media Networks & Internet Broadcasting

Industry Profile Report

Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters

Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.

Call Preparation Call Prep Questions, Industry Terms, and Weblinks.

Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.

Industry Profile Excerpts

Industry Overview

The 4,200 media networks and internet broadcasting firms in the US provide information and entertainment to customers through online channels and supply traditional outlets including radio, television, cable, satellite, and other subscription programming. The Internet broadcasting industry includes subscription video-on-demand (SVOD) services, and multichannel video programming distributors (MVPD). Radio and television broadcasting stations and publishers of original content are covered in separate industry profiles.

Fierce Competition for Subscribers

As the video streaming market becomes increasingly crowded, competition for subscribers and quality content is squeezing industry profits.

Rampant Piracy

Pirated content is a growing risk to streaming services.

Industry size & Structure

A typical firm operates out of one to three locations, employs 56-57 workers, and generates $43 million in annual revenue.

    • The media networks and internet broadcasting industry consists of about 4,200 firms that employ about 237,500 workers and generate about $182.5 billion annually.
    • 85% of US households have at least one video streaming subscription and 60% have at least one paid music streaming subscription, according to Kantar.
    • Amazon Prime Video, Netflix, and Max are the leading streaming services in the US in terms of market share, according to Statista.
    • Major companies include Comcast, Warner Media, Netflix, Sirius XM Holdings, Spectrum, and the Big 4 television networks ABC, CBS, Fox, and NBC.
                              Industry Forecast
                              Media Networks & Internet Broadcasting Industry Growth
                              Source: Vertical IQ and Inforum

                              Recent Developments

                              Mar 7, 2025 - Streaming Surpasses Cable As Sports Platform Of Choice
                              • About 69% of US consumers surveyed between January 2024 and January 2025 by Hub Entertainment Research said that they plan to use a subscription video on-demand (SVOD) streaming service to watch sports programming. About 62% said the same a year earlier. Some 48% of fans between the ages of 13 and 34 said they’d subscribe to a streaming service with the specific intent of watching sports, compared to 29% over the age of 35. Hispanic streamers are more likely (46%) to use an SVOD service for sports
                              • TV viewers’ resistance to advertisements on streaming services continues to decrease, according to a new report from Hub Research. Most consumers prefer to watch TV ads in exchange for lower subscription costs. Viewers who are most concerned about the economy and potential inflation are most accepting of advertisements on streaming services. Two-thirds of viewers who responded to the Hub Research survey said that they would prefer to watch content with ads if it brings down the cost of a TV subscription.
                              • Media networks are responding to the rapidly decreasing value of linear TV with asset value write-downs, according to TheWrap. Paramount Global and Warner Brothers Discovery have taken write-downs totaling $15 billion related to the value of their linear networks and softness in the advertising market. A spinoff of Comcast’s cable network portfolio could get the cable giant’s most-distressed assets off its books while sparking a new wave of consolidation in the fast-declining linear TV business, according to TheWrap. TheWrap estimates that a spun-off company filled with Comcast cable networks could be worth $23 billion or more.
                              • Media network & internet broadcasting industry employment and average wages for nonsupervisory employees decreased slightly during the first month of 2025, according to the US Bureau of Labor Statistics (BLS). Media networks & internet broadcasters significantly decreased their prices during 2024, according to the BLS. Linear broadcasting networks primarily derive revenue from affiliate fees and advertising sales. Internet broadcasters rely on monthly or annual subscription fees and to a lesser extent, advertising, for revenue.
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