The Walt Disney Company, commonly known as Disney, was originally founded on 16 October 1923, by brothers Walt and Roy Disney as the Disney Brothers Cartoon Studio. The company officially changed its name to The Walt Disney Company in 1986.
The Walt Disney Company is an entertainment company with operations in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media.
The company is mostly known for its film studio division, The Walt Disney Studios, which includes Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Fox, Fox 2000 Pictures, Fox Searchlight Pictures, and Blue Sky Studios. The Walt Disney Company is also known for its highly popular theme parks, Disneyland, Walt Disney World, Shanghai Disney Resort, Disneyland Paris, Tokyo Disney Resort, and Hong Kong Disneyland.
Disney has pursued a number of high profile acquisitions including 21st Century Fox (acquired for USD 71.3 billion in March 2019), Lucasfilm (acquired for USD 4.06 billion in October 2012), Marvel Entertainment (acquired for USD 4.24 billion in August 2009), and Pixar (acquired for USD 7.4 billion in January 2006). These acquisition have turned Disney into a powerhouse entertainment company, which will likely continue following this acquisitive behaviour into the future.
The Walt Disney Company is traded on the New York Stock Exchange under the code DIS.
Parks, Experiences and Products - The parks, experience and products segment represents the combines Disney's consumer products and parks and experiences divisions. Disney owns and operates a number of parks including Walt Disney World Resort in Florida; the Disneyland Resort in California; Disneyland Paris; Aulani, a Disney Resort & Spa in Hawaii; and more. Disney generates revenues from the sale of admissions to theme parks, sales of food, beverage and merchandise, charges for resort and vacation packages, which include room nights at hotels, sales of cruise vacations and sales and rentals of vacation club properties. Disney's consumer product sales include the licensing of the company's trade names, characters, visual, literary and other intellectual properties to various manufacturers, game developers, publishers and retailers, and the sale of branded merchandise. For the financial year ending 28 September 2019, the parks, experience and products segment accounted for 37.70% (or USD 26,225 million) of total revenue.
Media Networks - Disney's media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations and radio networks and stations. The businesses in the media networks segment generate revenue from fees charged to cable, satellite and telecommunications service providers and television stations affiliated with Disney's domestic broadcast television network. For the financial year ending 28 September 2019, the media networks segment accounted for 35.69% (or USD 24,827 million) of total revenue.
Studio Entertainment - Disney's studio entertainment segment produces and acquires live-action and animated motion pictures, musical recordings and live stage plays. The businesses in the studio entertainment segment generate revenue from distribution of films in the theatrical, home entertainment and television and subscription video on demand (SVOD) markets, stage play ticket sales, music distribution and licensing of Disney's intellectual property for use in live entertainment productions. For the financial year ending 28 September 2019, the studio entertainment segment accounted for 15.99% (or USD 11,127 million) of total revenue.
Direct-to-Consumer & International - The direct-to-consumer and international segment includes the provision of branded international television channels, which include Disney, ESPN, Fox, National Geographic and Star (International Channels), and the provision of direct-to-consumer (DTC) streaming services, which include Disney+, ESPN+, Hotstar and Hulu. Disney+ launched in November 2019 in the United States. This segment also includes other digital content distribution platforms and services including branded apps and websites, the Disney Movie Club and Disney Digital Network and streaming technology support services. For the financial year ending 28 September 2019, the direct-to-consumer and international segment accounted for 13.44% (or USD 9,349 million) of total revenue.
Note: For the financial year ending 28 September 2019, eliminations accounted for -2.81% of total revenue.
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