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ISIN code: US2546871060
Sector: Consumer services
Industry: Satellite/Cable TV
Le actions of Walt Disney are listed on the US market on the NYSE index under the ticker DIS.
View the stock's NYSE listing history
Company Description
La Walt Disney Company it's a'American company which operates in entertainment sector. Its business is divided into five segments (two main divisions and three content groups).
The divisions are:
- Disney Media and Entertainment Distribution (DMED), responsible for the management, global distribution, sales, advertising and websites of the three content groups; management of Disney's direct-to-consumer businesses, including streaming services (Disney+, Hulu and ESPN+), theatrical distribution, home video distribution, Disney Music Group, domestic television networks and international holding companies such as Star India.
- Disney Parks, Experiences and Products (DPEP) includes the company's theme parks, cruise ships, travel-related businesses, consumer products (Disney Consumer Products) and publishing divisions (Disney Publishing Worldwide). This division manages the company-owned theme parks and resorts.
- The Walt Disney Studios include entertainment and motion picture production companies: namely Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, Searchlight Pictures, Disneynature and Disney Theatrical Group. This section produces films, video content, plays and music recordings.
- Disney General Entertainment Content (DGE) is responsible for the group's television production companies and broadcasters in the United States, which include Walt Disney Television (which includes the ABC networks, Disney Television Studios – ABC Signature, 20th Television and 20th Animation, ABC television stations and Freeform) , Disney Branded Television, FX Networks and ABC News. Disney also owns a 73% stake in National Geographic Partners and a 50% stake in A&E Networks.
- ESPN and Sports Content which covers sports television channels, ESPN's live programming, news and all sports-related content for cable, ESPN+ and ABC.
Also, Disney owns Marvel Entertainment, who reports directly to the CEO. Its revenues are split between the Studios and Consumer Products divisions.
Disney sells all kinds of products related to its brands. Disney products are distributed through retail, online and wholesale businesses.
The company's headquarters are in Burbank, California.
To diversify its productions Disney has bought several film companies including Miramax, touch stone, Pixar e Lucas-Film. Subsequently, she expands her catalog by buying and owning the rights to Muppets e Jetix.
In December 2017 he bought for 52,4 billion dollars (66 billion including debt) from Ruper Murdoch, the 21st Century Fox, one of the media majors in the United States and the world.
Since the 90s, thanks to new technologies, it has entered the internet market ( Walt Disney Internet Group) and in video games ( disney interactive).
After taking over the streaming and video on demand platform, Hulu, for about 30 billion dollars, the launch of the platform is announced Disney +.
Disney is listed on the Stock Exchange since the 40s. Since 6 May 1991, it has been part of the stock index Dow Jones.
I major institutional investors, as of June 2021, are:
- Vanguard Group, 7,52%
- Blackrock Inc., 6,58%
- State Street Corporation, 3,96%
- State Farm Mutual Automobile Insurance Co, 2,10%
- Morgan Stanley, 1,80%
- FMR, LLC, 1,68%
- Geode Capital Management, LLC, 1,54%
- Bank of America Corporation, 1,36%
Among the shareholders there are also Pension funds of various organizations throughout the United States: California Public Employees' Retirement System (CalPERS), the New York State Common Retirement Fund, the American Federation of State, County and Municipal Employees Pension Funds (AFSCME), and the Illinois State Board of Investment and Investment funds such as Waddell & Reed, Inc. (6%) or Wells Fargo Advantage Fuonds (6%).
Steve Jobs he owned about 2% of Disney stock. After her death, his shares were moved to an investment fund managed by her widow. Over the years, this fund has cut her shares in half.
Other major shareholders are the top Disney executives among whom we find:
- Robert Iger, CEO, 322.800 shares
- Thomas Staggs, Chief Financial Officer, 232,535 shares
- George J. Mitchell, Chairman of the Board through January 2007, 82,028 shares
- Judith Estrin, Board Member, 37,501 shares
- John E. Pepper, Jr. Chairman of the Board since January of 2007, 35.406 shares.
The tagline is "If you can dream it you can do it".
Economic and financial analysis of the company
The Walt Disney Company was founded in 1923 by Walt Disney He is his brother Roy with the name of Disney Brothers Cartoon Studio, later renamed The Walt Disney Studio in 1926. The current name was given in 1986.
The company was born as an animation studio. The first character created that achieved success was in 1928, Mickey Mouse. In the thirties and forties he began producing animated feature films. In 1937, the first animated film, Snow White and the Seven Dwarfs, was released.
In 1932, the magazine of Mickey mouse in newspaper format. On May 8, 1938, Disney creates a company, the subsidiary The Walt Disney Company Italy SpA, to manage the rights to Mickey Mouse magazine.
In 1950, Roy Disney decided to create an independent subsidiary of Walt Disney Enterprises to handle non-film products, Walt Disney Publications. In 1951, he created another musical subsidiary, the subsidiary Wonderland Music Company.
In 1952 Walt Disney founded a new company, the WED Enterprises (call today Walt Disney Imagineering), dedicated to the design of theme parks.
In fact, he decided to diversify his business by entering the tourism and entertainment sector. He created the first theme park in 1955 Disneyland. It begins to sell products related to its brands.
On November 10, the Buena Vista Distribution, a distribution subsidiary for the products.
Great films were released that brought prestige to the company, Cinderella (1950), The Adventures of Peter Pan (1953), Lady and the Tramp (1955), One Hundred and One Dalmatians (1961) and Mary Poppins (1964).
On December 15, 1966, Walt Disney died of lung cancer and his older brother Roy O. Disney took over the company until his death in 1971.
In October 1971, the Walt Disney World Resort in Orlando Florida.
In 1979, Disney established a subsidiary in Japan.
In the XNUMXs, the first Disney television channel was created (Disney Channel) and the first ice skating show featuring Disney characters, Disney on Ice.
In 1982 the film Tron was released, the first film in history to use images generated by computer software.
In 1983 the company reorganized. The was created Walt Disney Pictures, wholly owned subsidiary as animation film creation department.
In 1985, he bought the Arvid Corporation for 200 million dollars and the Gibson Greetings Inc for 337,5 million. A development company was created to design, manage and develop non-theme park real estate.
In 1984 he created the Touchstone pictures, for creating films for an older audience.
The first one was opened in 1987 Disney Store in the United States. Abroad, the first store will be opened on 1 November 1990 in London.
In 1988 he acquired the electronic company Childcraft Education Corporation by Grolier Inc. for $52 million. Music label Disneyland Records was renamed Walt Disney Records.
In 1991, Disney stock debuted on the Dow Jones.
Opens, April 12, 1992 Euro Disneyland in Paris, the first theme park in Europe.
Also in 1992, Disney founded the hockey team Mighty Ducks of Anaheimnamed after the film of the same name. The team will remain in the hands of Disney until 2005 when it will be sold to Henry Samueli, for 26 million dollars.
In 1993, the Miramax Films.
In December 1994 the DisneyInteractive, specializing in the video game market.
In 1996 Disney acquired capital cities for 19 billion dollars. Capital Cities controlled a portion of the ABC television network, 80% of ESPN, four newspapers, Fairchild Fashion Media and several other holdings.
That same year they complete the acquisition of the baseball team of the California Angels (renamed the Anaheim Angels) which led to their only World Series success in 2002. The team was sold for $180 million to Arte Moreno in 2005.
Also in 1996, the cruise management company, the Disney Cruise Line. Sign an exclusive agreement with McDonald's to offer Disney toys with Happy Meals.
In 1997 Disney signed an agreement with Pixar to jointly produce five animated films in computer graphics. The company also buys 5% of Pixar stock.
Following the dot-com bubble, Disney is forced to sell the four newspapers acquired with Capital Cities to Knight Ridder for 1,65% billion dollars.
In the summer of 1997 he bought the independent music label Mammoth Records and the chain Classic Sports Network, today ESPN Classic.
In 1998, a reorganization of the company took place. Five operating divisions are created: Disney Media Networks, Walt Disney Studios Entertainment, Walt Disney Parks and Resorts, Disney Consumer Products, and Walt Disney Internet Group (WDIG). The publishing division was also reorganized with the birth of the Disney Publishing Worldwide, part of Disney Consumer Products, while Hyperion Books becomes a subsidiary of ABC.
The WDIG division comprises 60% of the site soccer net (now ESPNsoccernet). Capital Cities' latest publishing asset, Fairchild Publications, is sold.
In 2000 WDIG was integrated into the division Disney Media Networks. Buy the remaining 40% of Soccernet and launch in partnership with Ebay, the Disney Auctions. Give up the stake in Eurosport for 93 million dollars and sells the Ultraseek Corporation for 153 million.
Following 11 September 2001, the parks were greatly affected by the crisis in the tourism sector. Disney tried to run for cover by diversifying and expanding its network. The purchase is formalized Fox Family Worldwide, renamed ABC Family for $5,3 billion. During the year it also acquires the Baby Einstein Company and the catalog of Saban Entertainment.
In 2002 he sold the Japanese Disney stores toOLC for 51 million dollars.
Forms a $1 billion partnership with OMD, a company controlled by Omnicom, for advertising.
In 2004 Comcast try to acquire Disney for $54 billion but the CEO Michael Eisner rejects the agreement without consulting the executive committee. The following year it is announced that the new CEO of the company would be Bob Iger.
Acquires for $68 million the rights to the catalog of Bear in the big blue house and Muppets. Thus, a new branch was created: the Muppets Holding Company. In November 2004, he bought the fantasy comic company CrossGen Comics and sold the Disney Stores in North America for 100 million to The Children's Place.
In 2005, two mobile phone services were announced, Disney Mobile e Mobile ESPN.com, which, however, did not have great fortunes and were closed a few years later. A line of drinks inspired by Disney characters is launched on the market, in partnership with Calypso Soft Drinks, and a series of Indesign furniture, for Home Depot. Sell the magazine Discover for 13 million dollars.
Make an agreement with EMI for the distribution of products in Europe, Africa and the Middle East.
The first park in China opens, hong kong disneyland.
On January 24, 2006, Disney acquired the Pixar for approximately $7,4 billion, half of which is in equity.
In August, buy the children's site club Penguin for 350 million dollars.
On January 14, 2008 Disney and ESPN invest in NBA China buying 11% of the shares. Disney regains control of US Disney Stores in May The children's place.
On August 31, 2009 Disney acquires for 4 billion dollars the Marvel Entertainment for $4,3 billion. In January 2010, Disney expands its partnership with POW! Entertainment, Stan Lee's studio, investing 2,5 million.
In July 2010 Disney announced the sale of the Miramax film company for about 660 million dollars to an investment company, Colony Capital.
In November 2010, Disney announces the issuance of 1,6 billion bonds in two lots: 1 billion in 3-year bonds and the rest in 30 years.
In 2012 it acquired the Lucasfilm and all of its subsidiaries for $4,05 billion.
In 2014 Disney bought the Maker Studios, specializing in content management on YouTube for 500 million dollars.
In 2015, Disney Interactive and Disney Consumer Products merged into the division Disney Consumer Products and Interactive Media.
In May 2017 the Disney Digital Network, which coordinates publications on sites managed by Disney and on all social networks.
In December 2017, the agreement for the purchase of various divisions of the company was announced 21st Century Fox by Disney for $52,4 billion and taking on $13,7 billion in debt. Company secures film (20th Century Fox, Fox Searchlight Pictures and Fox 2000) and television (20th Century Fox Television, FX Productions and Fox21) studios, Fx Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, of India's Star TV and Fox's shares in Endemol Shine Group, Hulu, Sky and Tata Sky. The definitive acquisition takes place in March 2019.
In 2018 Disney exceeds 7,7 billion dollars at the American box office. The following year, it exceeded the milestone of 11 billion dollars worldwide, becoming the first Hollywood major to achieve this result.
In November 2019 the streaming platform was launched Disney +.
The Covid-19 pandemic leads to a 26% reduction in Disney stock compared to its objectives. The crisis has led to significant layoffs in every sector especially in theme parks. According to the Financial Times, Disney has laid off more than 100.000 employees as a result of the crisis.
On February 9, 2021 Disney announces the closure of the animation studio Blue sky studios, which it had absorbed following the acquisition of 20th Century Fox and the closure of almost all Disney Stores worldwide, focusing only on e-commerce.