The Walt Disney Company (DIS)

Sector: Communication Services|Industry: Entertainment|Market Cap: $208.08B|Employees: 233K


The Walt Disney Company is a diversified worldwide entertainment company operating in three segments: Entertainment, Sports, and Experiences. Its core business model revolves around producing and distributing film and episodic content, operating linear and direct-to-consumer networks, and managing theme parks and resorts. Disney's competitive advantages include its vast library of intellectual property and strong brand recognition. Key markets include the United States, Europe, and Asia.

  1. Filings
  2. Company Profile

Business Summary

The Walt Disney Company, along with its subsidiaries, is a diversified global entertainment company operating in three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and episodic content, operates television networks and streaming services, licenses intellectual property, and manages theme parks, resorts, and other entertainment experiences.

Key Statistics

  • Employees: 233,000 (as of September 28, 2024)
  • Geographic Footprint: Operates in over 175 countries and territories
  • Headquarters: Burbank, California
  • Founded: 1923
  • Number of locations/facilities: Not specified
  • Revenue: $91.4 billion (FY2024)
  • Market Cap: $223.4 billion (as of Q2 FY2024)
  • Key Subsidiaries/Brands: ABC, ESPN, Disney+, Hulu, Pixar, Marvel, Lucasfilm, National Geographic

Leadership

  • CEO: Robert A. Iger
  • CFO: Hugh F. Johnston
  • Board Chair: Mark G. Parker
  • Other Key Executives: Horacio E. Gutierrez (Chief Legal and Compliance Officer), Sonia L. Coleman (Chief Human Resources Officer), Kristina K. Schake (Chief Communications Officer)

Key Financial Metrics

  • Annual Revenue: $91.4 billion (FY2024)
  • Net Income: $5.0 billion (FY2024)
  • Market Cap: $223.4 billion (as of Q2 FY2024)
  • Total Assets: $196.2 billion (FY2024)
  • Number of Employees: 233,000 (as of September 28, 2024)
  • Key Financial Highlights: Revenue increased 3% year-over-year, net income attributable to Disney increased $2.6 billion, diluted EPS from continuing operations increased to $2.72 from $1.29.

Products and Services

The Walt Disney Company offers a wide range of entertainment products and services, including:

  • Film and Television Production and Distribution: Creates and distributes film and episodic content through various channels, including theatrical releases, streaming services (Disney+, Hulu, ESPN+), and television networks (ABC, ESPN, Disney Channels, FX, National Geographic).
  • Theme Parks and Resorts: Operates and manages theme parks and resorts worldwide, including Walt Disney World Resort, Disneyland Resort, Disneyland Paris, Hong Kong Disneyland Resort, Shanghai Disney Resort, and Tokyo Disney Resort.
  • Cruise Line: Operates Disney Cruise Line, offering family-friendly cruise vacations.
  • Consumer Products: Licenses intellectual property for consumer products and sells branded merchandise.
  • Live Entertainment: Produces and licenses live entertainment events, such as Broadway shows and Disney On Ice.

Key Business Segments

The Walt Disney Company operates in three segments:

  • Entertainment: Includes linear networks, direct-to-consumer streaming services, and content sales/licensing.
  • Sports: Primarily consists of ESPN, including its television networks, streaming service (ESPN+), and international channels.
  • Experiences: Encompasses theme parks and resorts, cruise line, and other experiences.

Revenue Breakdown (FY2024):

  • Entertainment: $41.2 billion
  • Sports: $17.6 billion
  • Experiences: $34.2 billion

Business Strategy

The Walt Disney Company's current strategic priorities include:

  • Direct-to-Consumer Growth: Expanding its streaming services (Disney+, Hulu, ESPN+) through investments in content and international expansion.
  • Parks and Experiences Expansion: Investing in new attractions, resorts, and cruise ships to enhance guest experiences.
  • Content Creation and Distribution: Continuing to create high-quality film and television content and distributing it through various channels.
  • Cost Rationalization: Implementing cost-saving measures while preserving revenue.

Industry Context

The Walt Disney Company operates in the highly competitive media and entertainment industry. It faces competition from other media companies, streaming services, theme park operators, and other entertainment providers. Key market trends affecting the business include the growth of streaming services, the increasing importance of digital content, and the evolving consumer preferences.

Risk Factors

  • Economic Downturn: Declines in economic conditions could adversely affect demand for the company's products and services.
  • Changing Consumer Preferences: Misalignment with consumer tastes and preferences could impact demand for entertainment offerings.
  • Technological Disruption: Rapid technological advancements could affect demand for products and services and the way they are distributed.
  • Competition: Intense competition from other entertainment providers could impact market share and profitability.
  • Cybersecurity and Data Breaches: Cybersecurity attacks and data breaches could disrupt operations, lead to financial losses, and damage the company's reputation.

Last Updated

2024-11-14

(Generated from latest 10-K filing)