History And Mission

The Walt Disney Company: A Global Entertainment Empire

History and Mission

The Walt Disney Company was founded in 1923 by brothers Walt and Roy Disney. Originally known for animated films, the company has since expanded into a vast entertainment conglomerate with a global reach.

Disney's mission is "to entertain, inform, and inspire people around the globe through the power of unparalleled storytelling and innovation."

Core Businesses

• Media Networks: Includes ABC, ESPN, and Disney Channel.
• Studio Entertainment: Produces and distributes films and television shows under various banners, including Disney, Pixar, Marvel, and Lucasfilm.
• Parks, Experiences, and Products: Operates theme parks, resorts, and retail stores worldwide.
• Consumer Products, Games, and Publishing: Licenses Disney characters and franchises for merchandise, games, and books.

Financial Performance

Disney is a publicly traded company listed on the New York Stock Exchange (NYSE: DIS).

In fiscal 2022, the company reported revenue of $82.7 billion and net income of $26.2 billion.

Revenue Breakdown:

• Media Networks: 44%
• Studio Entertainment: 36%
• Parks, Experiences, and Products: 20%

Recent Developments

In recent years, Disney has made significant acquisitions, including Marvel (2007), Pixar (2006), and Lucasfilm (2012).

The company has also invested heavily in streaming services, with Disney+ launching in 2019.

Industry Impact

The Walt Disney Company is a major player in the entertainment industry, with its movies, TV shows, and theme parks capturing the imaginations of audiences worldwide.

The company's success is attributed to its ability to create compelling content that resonates with people of all ages.