Institutions researchDefinition of conglomerate:

A conglomerate is a combination of two or more corporation in completely different businesses that fall under one corporate group.

Easy aspect: it is like a parent looking after a lot of children.

The differencesThe differences between a conglomerate and a corporation is that a corporation is a massive company or can be a big group of companies and are ordered to focus on one main type of media a entity which is recognized in law. Whereas a conglomerate has more wider and complex structure I need to focus on more content for the consumer, Conglomerates are classified as corporations still because they still have a main goal to achieve while working with different corporations, but not all corporations are classified as conglomerates

Here are examples of conglomerate companies

Disney: is a multi national mass media corporation it is based in Burbank California it has been the worlds second longest broadcasting Disney was discovered in the year 1923 discovered by a man named Roy O. DisneyAnd Disney is being aired worldwide.

Benefits of a conglomerate/Corporation Since Disney has biggest income over all the TV networks you could say that Disney is on Top of the production bored it is worth (17.2 billon dollars) Disney hosts a wide range of products; cable, television, publishing, films, theme parks and etc. so a lot of income comes from those products but also since Disney is the Conglomerate on top the institution can partly dictate on when the events can occur any time they want world wide and it can not be stopped.

Disney gets to draw in a certain percent of the company’s income including tax for example Disney can take a slightly bigger percentage out of NBC then CBS because of the income is higher from them. Another advantage of being in a conglomerate is that the companies can assist each other to help diversify their channels to by putting more types of shows that appeal to the audience and go other if the channel is suitable for viewing or product being exposed to the open world. This is useful because it decreases the level of risk within the product for example ( product not being offensive to no one.

Disadvantages to a conglomerate/corporation

If CBS or NBC has a error within there company whether it is the company going bust or just a small error in communications and this effect will effect not just the company it will effect all the companies within entire conglomerate for example transactions will need to be recalculated to balance out the errors problem. Another problem that could occur is that if a company wanted to release a new product all other companies would all need to come to the same verdict the product needs to benefit all companies as well as the company who is selling it the product can be proponed if they agree that the product is not going to reach that margin in profit in six months time