Some believe that the newly globalised economy of the late 20th and early 21st century has facilitated this process through the use of new information technology. This kind of cultural imperialism is derived from what is called "soft power". The theory of electronic colonialism extends the issue to global cultural issues and the impact of major multi-media conglomerates, ranging from Viacom, Time-Warner, Disney, News Corp, to Google and Microsoft with the focus on the hegemonic power of these mainly United States-based communication giants.