Profile: Walt Disney Co (DIS)
22 Jul 2016
The Walt Disney Company, incorporated on July 28, 1995, is a diversified entertainment company. The Company operates through five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.
The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations. The Company's cable networks include ESPN, the Disney Channels and ABC Family. The Company also operates the Hungama and UTV/Bindass networks in India. The cable networks group produces its own programs or acquires rights from third parties to air programs on its networks. The Company also has interests in joint ventures that operate cable and broadcast programming services. The Company sells programming developed by its cable networks in television markets across the world, to subscription video-on-demand (SVOD) services, such as Netflix, Hulu and Amazon, and in electronic and physical (digital video disc (DVD) and Blu-ray) formats.
ESPN is a multimedia sports entertainment company that operates approximately eight around the clock domestic television sports networks, including ESPN, ESPN2, ESPNU (a network devoted to college sports), ESPNEWS, SEC Network (a sports programming network dedicated to Southeastern Conference college athletics), ESPN Classic, the regionally focused Longhorn Network (a network dedicated to The University of Texas athletics) and ESPN Deportes, a Spanish language network. ESPN programs the sports schedule on the ABC Television Network, which is branded ESPN on ABC. ESPN owns over 20 television networks outside of the United States (primarily in Latin America) that allows ESPN to reach sports fans in approximately 60 countries and territories in over four languages. In addition, ESPN holds equity interests in CTV Specialty Television, Inc., which owns television networks in Canada, including The Sports Network, The Sports Network 2, Le Reseau des Sports (RDS), RDS2, RDS Info, ESPN Classic Canada, the NHL Network and Discovery Canada. ESPN holds rights for various professional and college sports programming, including the National Football League (NFL), college football (including bowl games and the College Football Playoff) and basketball, Major League Baseball (MLB), the National Basketball Association (NBA), the Wimbledon Championships, US Open Tennis, soccer and the Masters golf tournament. ESPN also operates ESPN.com, which delivers sports news, information and video on computers and mobile, and other connected devices; WatchESPN, which delivers live streams of ESPN's domestic networks on computers and mobile, and other connected devices to authenticated multi-channel video programming distributors (MVPD) subscribers; ESPN3 and SEC Network +, which are ESPN's live multi-screen sports networks that deliver sports events; ESPN Events, which owns and operates a portfolio of collegiate sporting events, including bowl games, football pre-game shows and basketball games; ESPN Radio, which distributes talk and play by play programming; ESPN The Magazine, which is a bi-weekly sports magazine; ESPN Enterprises, which develops branded licensing opportunities, and espnW, which provides an online destination for female sports fans. ESPN3 and SEC Network + are accessible on WatchESPN.
The Disney Channels includes over 100 channels available in approximately 34 languages and over 160 countries/territories. Its branded channels include Disney Channel, Disney Junior, Disney XD, Disney Cinemagic, Disney Cinema and DLife. Disney Channels also operates Radio Disney and provides content through subscription and video-on-demand services, and online through its Websites: DisneyChannel.com, DisneyXD.com, DisneyJunior.com and RadioDisney.com. WatchDisneyChannel, WatchDisneyJunior and WatchDisneyXD deliver live channel programming on computers and mobile, and other connected devices to authenticated MVPD subscribers. Disney Channel is a cable network airing series and movie programming targeted at kids' aged between 2 and 14. Disney Channel develops and produces shows for exhibition on its network, including live-action comedy series, animated programming and preschool series, as well as original movies. Disney Channel also airs programming and content from Disney's theatrical film and television programming library. Disney Junior is a cable network that airs programming targeted at kids' aged between 2 and 7 and their parents and caregivers, featuring animated and live-action programming that blends Disney's storytelling and characters with learning. Disney Junior's programming focuses on early math and language skills, healthy eating and social skills. Disney XD is a cable channel airing a mix of live-action and animated original programming targeted at kids' aged between 6 and 14. Disney Cinemagic and Disney Cinema are subscription services available in Europe airing a selection of Disney movies, classic and Disney cartoons and shorts, as well as animated television series. Radio Disney is an around the clock radio network targeted to kids, tweens and families reaching listeners through a national broadcast on Sirius XM, RadioDisney.com, TuneIn, the Radio Disney iPhone Operating System (iOS) and Android applications, iTunes Radio Tuner, HD Radio, Aha Radio and Slacker. The Company holds interest in Seven TV, which operates an advertising-supported, free-to-air Disney Channel in Russia.
ABC Family is a domestic cable network targeted to viewers in the 14 to 34 age demographic. ABC Family produces live-action programming. ABC Family also acquires programming from third parties, airs content from the Company's owned theatrical film library and features branded holiday programming events, such as 13 Nights of Halloween and 25 Days of Christmas. WatchABCFamily delivers live or on-demand channel programing on computers and mobile, and other connected devices to authenticated MVPD subscribers. Hungama is a kid's entertainment cable network in India, which features a mix of anime, Hindi-language series and game shows. UTV and Bindass are cable television networks in India. UTV Action and UTV Movies are movie channels that offer Hollywood movies dubbed in Hindi, Bollywood movies and other local regional language movies dubbed in Hindi. Bindass is a youth entertainment channel and Bindass Play is a music channel. A&E Television Networks (A&E) operates a range of cable networks, including A&E, which offers entertainment programming, including original reality and scripted series; HISTORY, which offers original non-fiction series and event-driven specials; Lifetime, which is devoted to female-focused programming; LMN, which is a movie channel; H2; which focuses on the culture and history of countries across the world from a local perspective; FYI, which offers contemporary lifestyle programming, and Lifetime Real Women, which is a cable network with programming focusing on women.
The Company's broadcasting business includes a domestic broadcast network, television production and distribution operations, and over eight owned domestic television stations. The Company also holds interest in Hulu LLC (Hulu), a venture that acquires and produces film and television content and distributes it on the Internet, and interest in Fusion Media Networks LLC (Fusion), a news, pop culture and lifestyle television and digital network targeted at millennials. ABC.com provides online extensions to ABC programming, including episodes and clips. ABCNews.com provides news coverage online and video-on-demand news reports from ABC News broadcasts. The Company produces the majority of its original live-action television programming under the ABC Studios label. The Company also produces the late night show, Jimmy Kimmel Live, a primetime specials for network television, as well as syndicated, news and daytime programming. The Company's domestic television stations include WABC, KABC, WLS, WPVI, KGO, KTRK, WTVD and KFSN.
Parks and Resorts
The Company's owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort and Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line, and Adventures by Disney. The Company manages and has ownership interests in Disneyland Paris in Hong Kong Disneyland Resort and Shanghai Disney Resort. The Company's Walt Disney Imagineering unit designs and develops theme park concepts, as well as resort properties. The Walt Disney World Resort is located approximately 22 miles southwest of Orlando, Florida, on approximately 25,000 acres of land. The resort includes theme parks (the Magic Kingdom, Epcot, Disney's Hollywood Studios and Disney's Animal Kingdom); hotels; vacation club properties; a retail, dining and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; water parks, and other recreational facilities designed to visitors for a stay. MyMagic+, a program available to all guests at Walt Disney World Resort, is a series of technology-based tools that include the My Disney Experience application and Website, which help guests personalize their experience; MagicBand, which a guest may use as their admission pass, hotel room key or method of payment, and FastPass+, which is a reservation system. The Magic Kingdom consists of approximately six themed areas, including Adventureland, Fantasyland, Frontierland, Liberty Square, Main Street USA and Tomorrowland. Epcot consists of themed areas, such as Future World and World Showcase. Future World dramatizes certain historical developments. World Showcase presents a community of nations focusing on the culture, traditions and accomplishments of people around the world. Disney's Hollywood Studios consists of themed areas, such as Animation Courtyard, Commissary Lane, Echo Lake, Hollywood Boulevard, Mickey Avenue, Pixar Place, Streets of America and Sunset Boulevard. Disney's Animal Kingdom consists of approximately 145-foot tall Tree of Life centerpiece surrounded by approximately six themed areas, including Africa, Asia, Dinoland U.S.A., Discovery Island, Oasis and Rafiki's Planet Watch. The Company owns and operates approximately 18 resort hotels at the Walt Disney World Resort, with a total of approximately 23,000 rooms and 3,000 vacation club units. The Walt Disney World Resort also hosts an approximately 127-acre retail, dining and entertainment complex, Disney Springs. The Disneyland Resort includes approximately two theme parks (Disneyland and Disney California Adventure), three hotels and Downtown Disney, a retail, dining and entertainment complex. Disneyland offers daily parades, a nighttime fireworks extravaganza and a nighttime entertainment spectacular, Fantasmic!. Disney California Adventure includes approximately seven themed areas, including Buena Vista Street, Cars Land, Grizzly Peak, Hollywood Land, Pacific Wharf, Paradise Pier and a bug's land.
Aulani is a Company operated family resort on an approximately 21-acre oceanfront property on Oahu, Hawaii with over 350 hotel rooms, an 18,000-square-foot spa and over 12,000 square feet of conference meeting space. Walt Disney Studios Park includes approximately four themed areas, including Backlot, Front Lot, Production Courtyard and Toon Studio. Disneyland Paris operates approximately seven resort hotels, with approximately 5,800 rooms and 210,000 square feet of conference meeting space. Disney Village is a 500,000-square-foot retail, dining and entertainment complex located between the theme parks and the hotels. Hong Kong Disneyland consists of approximately seven themed areas, including Adventureland, Fantasyland, Grizzly Gulch, Main Street USA, Mystic Point, Tomorrowland and Toy Story Land. Tokyo Disney Resort includes two theme parks (Tokyo Disneyland and Tokyo DisneySea); three Disney-branded hotels; six independently operated hotels; Ikspiari, a retail, dining and entertainment complex, and Bon Voyage, a Disney-themed merchandise location. Disney Vacation Club (DVC) offers ownership interests in approximately 13 resort facilities located at the Walt Disney World Resort; Disneyland Resort; Vero Beach, Florida; Hilton Head Island, South Carolina, and Oahu, Hawaii. Disney Cruise Line (DCL) is a four-ship vacation cruise line, which operates out of ports in North America and Europe.
The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. The Company distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm and Touchstone banners. The Company produces and distributes Indian movies through its UTV banner. The Disney Music Group (DMG) commissions new music for the Company's motion pictures and television programs. DMG also licenses the songs and recording copyrights to others for printed music, records, audio-visual devices, public performances and digital distribution. DMG includes Walt Disney Records, Hollywood Records, Disney Music Publishing and Buena Vista Concerts. Disney Theatrical Group develops, produces and licenses live entertainment events on Broadway and around the world, including The Lion King, Aladdin, Newsies, Mary Poppins (a co-production with Cameron Mackintosh Ltd), Beauty and the Beast, Elton John & Tim Rice's Aida, TARZAN and The Little Mermaid.
The Consumer Products segment engages with licensees, publishers and retailers throughout the world to design, develop, publish, promote and sell a range of products based on the Company's property through its Merchandise Licensing, Publishing and Retail businesses. In addition to using the Company's film and television properties, Consumer Products also develops its own intellectual property, which is used across the Company's businesses. Disney Publishing Worldwide (DPW) creates, distributes, licenses and publishes children's books, magazine and learning products in print and digital formats, and storytelling applications in multiple countries and languages based on the Company's branded franchises. DPW also operates Disney English, which develops and delivers an English language learning curriculum for Chinese children using Disney content in approximately 29 learning centers in nine cities across China. The Company markets Disney-, Marvel- and Lucasfilm-themed products through retail stores operated under the Disney Store name and through Internet sites in North America (DisneyStore.com and MarvelStore.com), Western Europe and Japan.
The Interactive segment creates and delivers branded entertainment and lifestyle content across interactive media platforms. Interactive's primary operations include the production and global distribution of multi-platform games, the licensing of content for games and mobile devices, Website management and design for other Company businesses and the development of branded online services. The Interactive segment also manages Maker Studios, Inc. (Maker), a network of online video content.
Interactive develops console, mobile and virtual world games, which are sold and distributed across the world. Disney Infinity features a game world based on Company properties that combines physical toys and story-driven gameplay. Mobile games are distributed on smartphones and tablets. Disney's Club Penguin is an online virtual world game that contains a range of games and activities.
Interactive licenses Disney properties and content to mobile phone carriers in Japan. In addition, Interactive develops, publishes and distributes interactive family content through a portfolio of platforms, including Disney.com, Disney on YouTube and Babble.com, and develop and publish applications for moms and families.
Walt Disney Co
500 S Buena Vista St
BURBANK CA 91521-0001