Walt Disney founded his namesake company in 1923, and since
then the business has gone on to become one of the most iconic brands ever
created. Today Walt Disney (DIS) is a leading entertainment company with about
$60 billion in revenue.
The media conglomerate is highly diversified and vertically
integrated, with four major business segments. Here are the company's sales and
profits through the first half of fiscal 2019:
1. Media Networks (38% of sales, 47% of profits): TV programming (ABC TV and cable channels like A&E, History, Lifetime and ABC Family, ESPN network), radio (radio Disney, ESPN radio network), eight television stations. In total the company has about 100 Disney-branded television channels, which are broadcast in 34 languages and 162 countries.
2. Parks & Resorts (43% of sales, 49% of profits): owns theme parks and resorts around the globe including Walt Disney World In Florida, Disneyland in California, Disney Land Paris, Shanghai, and Hong Kong. Also operates Disney Resort & Spa in Hawaii, the Disney Vacation Club, Adventures by Disney, and the Disney Cruise Line.
3. Studio Entertainment (13% of sales, 11% of profits): produces live-action and animated films under the Walt Disney Pictures, Walt Disney Animation, Pixar, Marvel, and Lucasfilm (Star Wars, Indiana Jones) studio banners. This segment's profitability is volatile and driven by the number of successful releases each year.
4. Consumer Products & Interactive Media (6% of sales, -7% of profits): licenses Disney's trade names, characters, and visual and literary properties, develops and publishes mobile games, and sells its products through its own online stores and various retail outlets around the globe.
1. Media Networks (38% of sales, 47% of profits): TV programming (ABC TV and cable channels like A&E, History, Lifetime and ABC Family, ESPN network), radio (radio Disney, ESPN radio network), eight television stations. In total the company has about 100 Disney-branded television channels, which are broadcast in 34 languages and 162 countries.
2. Parks & Resorts (43% of sales, 49% of profits): owns theme parks and resorts around the globe including Walt Disney World In Florida, Disneyland in California, Disney Land Paris, Shanghai, and Hong Kong. Also operates Disney Resort & Spa in Hawaii, the Disney Vacation Club, Adventures by Disney, and the Disney Cruise Line.
3. Studio Entertainment (13% of sales, 11% of profits): produces live-action and animated films under the Walt Disney Pictures, Walt Disney Animation, Pixar, Marvel, and Lucasfilm (Star Wars, Indiana Jones) studio banners. This segment's profitability is volatile and driven by the number of successful releases each year.
4. Consumer Products & Interactive Media (6% of sales, -7% of profits): licenses Disney's trade names, characters, and visual and literary properties, develops and publishes mobile games, and sells its products through its own online stores and various retail outlets around the globe.
In December 2017, Disney announced it was buying
Twenty-First Century Fox in a $66 billion deal. As part of a bidding war with
Comcast (CMCSA), Disney ultimately raised its offer to $71.3 billion in cash
and stock. The Fox acquisition closed on March 20, 2019.
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