Edon-Remor Corporation
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The Edon-Remor Corporation, often referred to simply as Edon-Remor or ERC, is a Caphirian-based global mass media conglomerate headquartered in Venceia. The company was founded as Edon Multimedia in 1978 by media mogul Chiro Edonsere, and later merged with longtime competitor Remor Network in November 2016, creating the current incarnation of the company. The corporation's principal ownership is split between the Edonsere Estate and the Remor Estate.
 | |
Formerly | Edon Media |
|---|---|
| Public | |
| Traded as | ERC |
| Industry | Mass media |
| Predecessors |
|
| Founded | 30 June 1988 |
| Founder | Chiro Edonsere |
Key people |
|
| Revenue |  $60 billion |
| $18.2 billion | |
| Total assets | $29 billion |
| Owners |
|
Number of employees | 10,800 |
| Divisions |
|
Founded as Edon Multimedia in 1978 by media tycoon Chiro Edonsere, the company began as a modest media house focusing on print journalism and regional broadcasting. Over the years, Edon Multimedia expanded its operations, gradually acquiring smaller media entities and diversifying its content offerings to include radio, television, and later digital platforms. In 2008, the company rebranded to Edon Media and focused on sensationalism in an attempt win the television rating wars. In 2010, rival media company Remor Network - owned by the Remor Estate, a family with a long history in media and entertainment, attempted a hostile takeover of Edon Media. After a lengthy legal process, the takeover was blocked in court in 2012. In 2016 however, Edon Media and Remor Network reached an agreement to merge, forming the Edon-Remor Corporation.
Today, Edon-Remor's portfolio is vast and varied, encompassing television and radio stations, print publications, film and television production companies, and digital platforms. It operates several news channels, entertainment networks, sports channels, lifestyle magazines, and online news portals. While it is not directly controlled by the Caphirian state, its content often aligns with the state's narratives, leading to perceptions of it being a "state mouthpiece". However, the corporation maintains its editorial independence and has often broken stories that challenge the status quo.
Today, the Edonsere Estate and the Remor Estate jointly manage the ERC. The Edonsere Estate, represented by the heirs of Chiro Edonsere, controls 31% of the corporation's shares. On the other hand, the Remor Estate, continuing the legacy of its media-savvy forebears, controls 29% of the shares. The rest of the shares are held by various investors and stockholders.
Over the years, ERC has gained a reputation for its high-quality journalism, innovative programming, and impactful storytelling. It has played a crucial role in shaping public opinion and discourse in Caphiria and beyond. Despite facing criticism for its perceived proximity to the state, ERC continues to be a dominant player in Caphiria's media industry, leveraging its vast resources and influence to set the agenda and drive conversations on a range of topics.
History
Organization
The Edon-Remor Corporation operates through five main divisions, each focusing on a key aspect of the company's diverse media portfolio. These divisions oversee the day-to-day operations of the company's numerous brands and subsidiaries, ensuring coordinated efforts and efficient use of resources.
News & Information Services
ERC News and Information Services serves as the company's primary hub for news and information content. This division oversees ERC News, ERC Radio, and Edon Publishing. Together, these brands provide audiences with a range of news formats, including digital, print, and broadcast. This division also collaborates closely with ERC's other divisions to disseminate relevant news and information content.
ERC Entertainment
ERC Entertainment is responsible for the company's broad array of entertainment content. It encompasses the Remor Entertainment Network (REN), Remor Film Studios, and ERC Digital. This division focuses on creating compelling TV, film, and digital entertainment that reaches audiences around the globe. It also works closely with the Distribution and Technology division to ensure content reaches audiences through the most effective channels.
ERC Sports
ERC Sports centers on the Edon Sports Network (ESN). This division provides comprehensive sports coverage, from live broadcasts of major events to in-depth analysis and commentary. ERC Sports also explores opportunities for sports-focused digital content, radio programs, and print publications, often collaborating with other divisions to broaden its reach.
ERC Distribution and Technology
ERC Distribution and Technology is the backbone of the corporation's infrastructure. It oversees ERC Content Distribution and Edon Multimedia Technologies. This division ensures that ERC's content is effectively distributed across various platforms and devices. It also drives technological innovation within the company, developing new ways to deliver content and engage audiences.
ERC International
ERC International manages the corporation's global operations, including Edon-Remor International. This division is responsible for the company's foreign subsidiaries and joint ventures, facilitating the distribution of ERC content to international audiences.