Seagram's is a company that is best known for its gin, but it also owns Universal Records. This is an example of what trend in the media industry?

Name: Seagram's is a company that is best known for its gin, but it also owns Universal Records. This is an example of what trend in the media industry?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Seagram's ownership of both a liquor brand and a record label is an example of conglomeration, where large companies own multiple, often unrelated businesses in different industries.

Seagram's Is a Company That Is Best Known for Its