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Combined Market Cap of World`s Top Media Companies Surged by $330B YoY

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The year 2020 was quite a year for the world’s largest media companies, with millions of people choosing their services amid the lockdown. This COVID-19-fuelled surge in the number of users led to the impressive growth of their revenues and market capitalization.

According to data presented by StockApps.com, the combined market cap of Walt Disney, Comcast Corp, Netflix, AT&T, and Charter Communications, as the five largest media companies globally, surged by $330bn year-over-year.

Walt Disney`s Market Cap Jumped by 85% YoY, the Biggest Increase Among the Top Five Companies

The media industry covers various areas, from advertising, broadcasting, and networking, to news, digital, recording, and motion pictures. Media companies operate within these areas and offer products and services to end-users from individuals to large organizations.

As the world’s largest media company, Walt Disney has a massive share in this market. Besides its media networks, parks and resorts, studio entertainment, and online and mobile games, the media giant has also grown its Disney Plus subscriber count to nearly 95 million as of March 2021, a 258% increase year-over-year.

The YCharts data revealed that Walt Disney also witnessed the most significant market cap increase among the top five media companies. In April 2020, the combined value of its shares stood at $179.8bn. By the end of the year, this figure jumped to $309bn and continued rising. Statistics show that in March, Disney’s market cap peaked at $350bn and then slipped to $332bn last week. Nevertheless, this still represents an 85% increase year-over-year.

The market cap of Comcast Corp, the second-largest media company globally, jumped by 52% in the same period, rising from $163bn in April 2020 to $248bn last week.

Established in 1963, the Philadelphia-based global media, entertainment, and communications company runs its business through several segments. Besides its cable networks, filmed entertainment, and broadcast television, including Telemundo and NBC, Comcast Corp also owns British media and telecommunication conglomerate Sky Group Limited.

As the third-largest media company on this list, AT&T hit $225.6bn in market cap last week, a 15% increase year-over-year. In April 2020, the combined value of shares of the US media giant stood at $210.2bn. Statistics show this figure rose by more than $15bn over the last twelve months.

Netflix`s Market Cap Up by $38B Since April 2020

Over the last decade, Netflix has exploded onto the media scene. The world’s fourth-largest media company transformed from a DVD-by-mail business into a streaming giant with 207 million subscribers as of March, almost 25% more than before the pandemic.

The YCharts data revealed that in April 2020, Netflix’s market cap amounted to $185.3bn. By the end of the last year, the combined value of shares of the streaming giant jumped by 25% to $233bn. Although this figure slipped to $223.2bn last week, it still represents almost a $38bn increase in a year.

Statistics show Charter Communications, as the fifth largest media company globally, witnessed a 38% market cap increase in the last year, with the figure rising from $102.4bn in April 2020 to $141.1bn last week.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Appointments

Union Bank Announces the Appointment of Aisha Abubakar as Independent Non-Executive Director

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Union Bank of Nigeria Plc (“Union Bank”) has announced a change to the membership of its Board of Directors with the appointment of Ms. Aisha Abubakar as an Independent Non-Executive Director effective 9th September 2021, following the approval of the Central Bank of Nigeria (CBN).

Ms. Abubakar joins the Board of Union Bank following her tenure as Nigeria’s Honourable Minister for Women Affairs and Social Development from 2018 to 2019. Prior to this, she also served as the Honourable Minister of State for Industry, Trade and Investment between 2015 and 2018. At the start of her career, Ms. Abubakar worked at Continental Merchant Bank Ltd., African Development Bank and African International Bank.

She is an accomplished public sector administrator with over three decades of professional experience in Public Service and Pension Administration, Investment Banking, SME Finance/Rural Enterprise Development and Micro-Credit Administration.

Ms. Abubakar is a Fellow of the International Professional Managers Association (IPMA-UK), and the President of the International Experts Consultants (IEC-UK).

Commenting on the addition to the Board, Mrs. Beatrice Hamza Bassey, Union Bank’s Board Chair said: “On behalf of the Board of Directors, I welcome Ms. Aisha Abubakar to the Board. She brings many years of robust experience which will be invaluable in supporting our efforts to steer the Bank forward and deliver on our strategic objectives.”

Also commenting, Chief Executive Officer, Mr. Emeka Okonkwo said: “I am pleased to welcome our new Independent Non-Executive Director, Ms. Aisha Abubakar to the Board. We look forward to drawing from her wealth of experience and fresh perspectives as we continue to execute our vision to be Nigeria’s most reliable and trusted partner.”

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AfDB Approves $50M Trade Finance Deal with Standard Chartered Bank

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The African Development Bank Group has approved a $50m Trade Finance Unfunded Risk Participation Agreement (RPA) for StandardChartered Bank.

This was contained in a statement titled ‘African Development Bank approves a $50m Multinational Trade Finance Risk Participation Agreement facility for Standard Chartered Bank’ published on the bank’s website on Wednesday.

The statement said, “The board of directors of the African Development Bank Group has approved a $50m Trade Finance Unfunded Risk Participation Agreement facility between the African Development Bank and Standard Chartered Bank.”

The essence of this agreement is to promote intra-Africa trade, ensure regional integration and lessen the trade finance gap in Africa.

“The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa, in line with implementation aspirations of the African Continental Free Trade Area,”

The bank’s Director for Financial Sector Development, Stefan Nalletamby, stated that “We are excited about finalising this facility with Standard Chartered Bank as it offers us the flexibility to use our strong AAA-rated risk-bearing capacity to increase access to trade finance and boost intra/extra-African trade on the continent, in support of the AfCFTA.

“This partnership is expected to catalyze more than $600m in value of trade finance transactions across multi-sectors such as agriculture, manufacturing and energy over the next three years.”

Director-General of the bank’s Southern Africa region, Leila Mokadem, was quoted to have said, “The advent of COVID-19, coupled with stringent regulatory/capital requirements and Know Your Customer compliance enforcement, has seen many global banks reduce their correspondent banking relationships in Africa, while some are exiting the market altogether.

“There is, therefore, an urgent need for financing to reenergise Africa’s trade, which requires more participation of institutions like the African Development Bank.”

The parties in the agreement are expected to share the default risk on a portfolio of eligible trade transactions originated by African Issuing Banks and indemnified by Standard Chartered Bank.

Beneficiaries of this facility are issuing banks in Africa with the ability to grow their trade finance business has been constrained by inadequate trade confirmation lines from international banks.

Other beneficiaries are small and medium enterprises (SMEs) and domestic firms which rely on these issuing banks to fulfill their trade finance commitments.

The RPA facility is aligned with the AfDB’s High 5 priority goals which are: light up and power Africa, feed Africa, industrialize Africa, integrate Africa, and improve the quality of life for the people of Africa.

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SMEs

Standard Chartered Launches Flexible ‘Smart Business Loan’ Product To Support SMEs

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Standard Chartered on Wednesday launched its Smart Business Loan (SBL) product to support Small and Medium Scale Enterprise (SMEs) in Nigeria.

David Idoru, Head of Consumer, Private and Business Banking, of the bank in Nigeria, said in a statement in Lagos that SBL was an unsecured installment/term loan available to SME clients within key target sectors.

“Qualified SMEs would be able to access up to N20million loan, without providing tangible security/collateral to purchase asset, finance business expansion and other capital expenditure needs.

“This loan was designed to help SMEs meet their short to medium-term needs.

“As a Bank, our purpose is to drive commerce and prosperity in the locations we operate in. This is done through offering cash, lending, trade and wealth management solutions that specifically drive economic growth,” he said.

Idoru said that the bank was constantly looking for ways to ensure SMEs get access to the needed support to enable their businesses to thrive, adding that prior to the product launch, clients were required to provide full collateral cover to access loans from the bank, but SBL had been designed to provide the necessary flexibility to the clients.

“It is accessible to new and existing clients of the Bank with no waiting period, including small and medium scale organisations, who can access up to N20million in loans without collateral for a maximum tenure of two years,” he said.

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