Independent companies are companies that work on their own. These companies can make decisions and are free of any interference from government or corporate interests.
A huge advantage of being an independent company is that any money that the company makes is its own profit rather than it being shared with other companies.
However, a disadvantage of this is that it can be difficult to stay alive against much larger companies that are owned by conglomerates that are more well-known.
It is found that sometimes if an independent company is very successful, they can be bought by larger conglomerates to make even more money.
Recently, ITV have decided to purchase the documentary producing company The Garden for £18 million.
Bibliography
http://www.contactmusic.com/news/itv-to-purchase-seven-dwarves-company-the-garden-for-18-million_3620682
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