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This statistic presents a ranking of the ** leading media companies in the world in 2014. The UK-based media company Reed Elsevier PLC ranked twenty-second with revenues of **** billion euros, whereas it held the **** place a year earlier.

Media Market - Additional Information

The global entertainment and media market has a strong value, as it consists of television, radio, Internet, newspapers, and technology companies. In 2014, this industry had a cumulative value of approximately *** trillion U.S. dollars and is expected to increase in the coming years, potentially reaching a value of *** trillion U.S. dollars by 2018.

In a survey on which media played an essential role in the lives of American consumers in 2014, ** percent of respondents indicated that newspapers were important. Furthermore, the average American consumer spent about *** minutes, or approximately **** hours per day, using media.

The constant development of technology has propelled media usage worldwide. Many forms of media are no longer restricted to a single device, such as television, radio, PCs, or phones, but are now accessible on all these devices. The most essential device for media companies is undoubtedly the smartphone, which provides access to media services on the go and through very simple means. Thanks to apps, consumers can check social networks, listen to the radio, and even read the news.