Profile: Walt Disney Co (DIS.N)
24 Jul 2017
The Walt Disney Company, incorporated on July 28, 1995, is a worldwide entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations. The Company's Walt Disney Imagineering unit designs and develops new theme park concepts and attractions, as well as resort properties. 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 also develops and publishes games, primarily for mobile platforms, books, magazines and comic books.
The Company's cable networks consist of ESPN, the Disney Channels and Freeform. Its cable networks provide various programming services. The Company also sells the programs developed by its cable networks around the world to television broadcasters, and subscription video-on-demand (SVOD) services. It also offers the programs to in-home entertainment formats, such as Digital Versatile Disc (DVD), Blu-ray and iTunes. As of October 1, 2016, ESPN operated eight 24-hour domestic television sports networks. Its ESPN network includes ESPN, ESPN2, ESPNU, ESPNEWS, SEC Network, ESPN Classic, and ESPN Deportes.
As of October 1, 2016, ESPN owned 19 television networks outside of the United States that allowed ESPN to reach sports fans in over 60 countries and territories in four languages. ESPN also operates ESPN.com, which delivers sports news, information and video on Internet-connected devices; WatchESPN, which delivers live streams of ESPN's domestic networks on Internet-connected devices to authenticated Multi-channel Video Programming Distributor (MVPD) subscribers; ESPN3, SEC Network + and ACC Network Extra, which are ESPN's live multi-screen sports networks that deliver exclusive sports events and are accessible on WatchESPN; ESPN Events, which owns and operates a portfolio of collegiate sporting events including bowl games, basketball games and post-season award shows; ESPN Radio, which a sports radio network in the United States, and ESPN The Magazine, which is a bi-weekly sports magazine.
Disney Channel is a cable network airing original series and movie programming targeted to kids aged 2 to 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 the Company's theatrical film and television programming library. As of October 1, 2016, the Company operated over 100 Disney branded television channels, which were broadcasted in 34 languages and 163 countries/territories. Its branded channels include Disney Channel, Disney Junior, Disney XD, Disney Cinemagic, Disney Cinema and DLife. The Company offers Disney Channel's content through subscription and video-on-demand services and through its Websites, such as DisneyChannel.com, DisneyXD.com and DisneyJunior.com.
Disney Junior is a cable network that airs programming targeted at kids aged 2 to 7, their parents and caregivers, featuring animated and live-action programming. Disney Junior also airs as a programming block on the Disney Channel. Disney XD is a cable channel airing a mix of live-action and animated original programming targeted to kids aged 6 to 14. Disney Cinemagic and Disney Cinema are premium subscription services available in certain countries in Europe, airing a selection of Disney movies, Disney cartoons and shorts, as well as animated television series. Radio Disney is a 24-hour radio network targeted at kids, tweens and families. Radio Disney operates from an owned terrestrial radio station in Los Angeles. Radio Disney is also available throughout Latin America. Freeform is a domestic cable network targeted at viewers aged 14 to 34. Freeform produces original live-action programming, acquires programming from third parties, airs content from the Company's theatrical film library and features branded holiday programming events.
Hungama is a general entertainment cable network for kids in India, which features a mix of animation, Hindi-language series and game shows. The Company also operates UTV- and Bindass-branded cable television networks in India. The networks include UTV Action and UTV Movies, which offer Bollywood movies, as well as Hindi-dubbed Hollywood movies. Bindass is a youth entertainment channel, and the networks also include Bindass Play, which is a music channel.
The Company's broadcasting business included a domestic broadcast network, television production and distribution operations, and eight owned domestic television stations, as of October 1, 2016. In the domestic broadcast television network division, the Company operates the ABC Television Network (ABC). ABC broadcasts programs during primetime, daytime, late night, news and sports. The ABC application and ABC.com provide online extensions to ABC programming, including episodes and selected clips. ABCNews.com provides online news coverage and video-on-demand news reports from ABC News broadcasts.
The Company also produces its scripted television programs, primarily under the ABC Studios banner. Its television stations include WABC, KABC, WLS, WPVI, KGO, KTRK, WTVD and KFSN in markets, such as New York, Los Angeles, Chicago, Philadelphia, San Francisco, Houston, Raleigh-Durham and Fresno, respectively.
Parks and Resorts
The Company owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line, and Adventures by Disney. The Walt Disney World Resort is located 22 miles southwest of Orlando, Florida. The resort includes theme parks, such as 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.
As of October 1, 2016, the Magic Kingdom consisted of six-themed areas: Adventureland, Fantasyland, Frontierland, Liberty Square, Main Street USA and Tomorrowland. It features themed attractions, live Disney character interactions, restaurants, refreshment areas and merchandise shops, as well as daily parades and a nighttime fireworks extravaganza, namely Wishes.
As of October 1, 2016, Epcot consisted of two themed areas: Future World and World Showcase. Future World dramatizes certain historical developments and addresses the challenges facing the world. World Showcase presents a community of nations focusing on the culture, traditions and accomplishments of people around the world. Countries represented with pavilions include Canada, China, France, Germany, Italy, Japan, Mexico, Morocco, Norway, the United Kingdom and the United States. Epcot also features Illuminations: Reflections of Earth.
As of October 1, 2016, Disney's Hollywood Studios consisted of seven themed areas: Animation Courtyard, Commissary Lane, Echo Lake, Hollywood Boulevard, Muppets Courtyard, Pixar Place and Sunset Boulevard. The areas provide behind-the-scenes glimpses of Hollywood-style action through various shows and attractions, and offer themed food service and merchandise facilities. The park also features Fantasmic!, a nighttime entertainment spectacular and Star Wars: A Galactic Spectacular.
As of October 1, 2016, Disney's Animal Kingdom consisted of a 145-foot tall Tree of Life centerpiece surrounded by six themed areas: Africa, Asia, Dinoland U.S.A., Discovery Island, Oasis and Rafiki's Planet Watch. Each of themed area contains attractions, entertainment, restaurants and merchandise shops. As of October 1, 2016, the Company owned and operated 18 resort hotels at the Walt Disney World Resort. As of October 1, 2016, the Walt Disney World Resort also hosted Disney Springs, a retail, dining and entertainment complex in four areas: Marketplace, The Landing, Town Center and West Side.
ESPN Wide World of Sports Complex is for amateur and professional athletes, accommodates multiple sporting events, including baseball, basketball, football, soccer, softball and tennis. Other recreational amenities and activities available at the Walt Disney World Resort include championship golf courses, miniature golf courses, full-service spas, tennis, sailing, water skiing, swimming, horseback riding, and a number of other noncompetitive sports and leisure time activities. As of October 1, 2016, the resort also included two water parks: Disney's Blizzard Beach and Disney's Typhoon Lagoon.
As of October 1, 2016, the Disneyland Resort included two theme parks: Disneyland and Disney California Adventure, three resort hotels, and Downtown Disney, a retail, dining and entertainment complex. As of October 1, 2016, Disneyland consisted of eight themed areas: Adventureland, Critter Country, Fantasyland, Frontierland, Main Street USA, Mickey's Toontown, New Orleans Square and Tomorrowland. These areas feature themed attractions, shows, restaurants, merchandise shops and refreshment stands. As of October 1, 2016, Disney California Wharf, Paradise Pier and a bug's land Adventure included seven themed areas: Buena Vista Street, Cars Land, Grizzly Peak, Hollywood Land, and Pacific. These areas include attractions, shows, restaurants, merchandise shops and refreshment stands. Disney California Adventure offers a nighttime water spectacular, World of Color. As of October 1, 2016, Disneyland Resort included three Company-owned and operated hotels with approximately 2,400 rooms and 50 vacation club units. Downtown Disney, a retail, entertainment and dining outdoor complex with approximately 30 venues, as of October 1, 2016, was located adjacent to both Disneyland and Disney California Adventure. Aulani, a Disney Resort & Spa, is a Company operated family resort. It is an oceanfront property in Oahu, Hawaii.
Disneyland Paris is located in Marne-la-Vallee. As of October 1, 2016, Disneyland Paris included two theme parks: Disneyland Park and Walt Disney Studios Par; seven themed resort hotels; two convention centers; a shopping, dining and entertainment complex, namely Disney Village, and a 27-hole golf facility. As of October 1, 2016, Disneyland Park consisted of five themed areas: Adventureland, Discoveryland, Fantasyland, Frontierland and Main Street USA. Disneyland Park also features a daily parade and a nighttime entertainment spectacular, Disney Dreams!. Walt Disney Studios Park takes guests into the worlds of cinema, animation and television. As of October 1, 2016, it included four themed areas: Backlot, Front Lot, Production Courtyard and Toon Studio. These areas each include themed attractions, shows, restaurants, merchandise shops and refreshment stands. As of October 1, 2016, Disneyland Paris operated seven resort hotels.
Disney Village is a retail, dining and entertainment complex located between the theme parks and the hotels. Val d'Europe is a planned community near Disneyland Paris, which includes a regional train station, hotels and a town center consisting of a shopping center, as well as office, commercial and residential space.
Hong Kong Disneyland Resort is located in Lantau Island. As of October 1, 2016, Hong Kong Disneyland Resort included one theme park and two themed resort hotels. As of October 1, 2016, Hong Kong Disneyland consisted of seven themed areas: Adventureland, Fantasyland, Grizzly Gulch, Main Street USA, Mystic Point, Tomorrowland and Toy Story Land. These areas feature themed attractions, shows, restaurants, merchandise shops and refreshment stands. Additionally, there are daily parades and a nighttime fireworks extravaganza, Disney in the Stars. As of October 1, 2016, Hong Kong Disneyland Resort had two themed hotels.
Shanghai Disney Resort is located in the Pudong district of Shanghai, which included Shanghai Disneyland theme park; two themed resort hotels; a retail, dining and entertainment complex, and an outdoor recreation area, as of October 1, 2016. As of October 1, 2016, Shanghai Disneyland consisted of six themed areas: Adventure Isle, Fantasyland, Gardens of Imagination, Mickey Avenue, Tomorrowland and Treasure Cove. These areas feature themed attractions, shows, restaurants, merchandise shops and refreshment stands. Additionally, there are daily parades and a nighttime fireworks spectacular, Ignite the Dream.
As of October 1, 2016, Tokyo Disney Resort consisted of two theme parks, such as Tokyo Disneyland and Tokyo DisneySea; four Disney-branded hotels; six independently operated hotels; Ikspiari, a retail, dining and entertainment complex, and Bon Voyage, a Disney-themed merchandise location. As of October 1, 2016, Tokyo Disneyland consisted of seven themed areas: Adventureland, Critter Country, Fantasyland, Tomorrowland, Toontown, Westernland and World Bazaar.
As of October 1, 2016, Disney Vacation Club (DVC) offered 13 resort facilities located at the Walt Disney World Resort; Disneyland Resort; Aulani; Vero Beach, Florida, and Hilton Head Island, South Carolina. Disney Cruise Line is a four-ship vacation cruise line, which operates out of ports in North America and Europe. The Disney Magic and the Disney Wonder are approximately 85,000-ton 877-stateroom ships, and the Disney Dream and the Disney Fantasy are its 130,000-ton 1,250-stateroom ships. The ships cater to families, children, teenagers and adults, with distinctly themed areas and activities for each group.
In the theatrical market, the Company produces and distributes both live-action films and full-length animated films. As of October 1, 2016, the Company had released domestically approximately 1,000 full-length live-action features and 100 full-length animated features. In the home entertainment market, home entertainment releases are distributed in physical DVDs and Blu-ray, and electronic formats. The Disney Music Group (DMG) commissions new music for the Company's motion pictures and television programs, and develops, produces, markets and distributes recorded music around the world. DMG includes Walt Disney Records, Hollywood Records, Disney Music Publishing and Buena Vista Concerts. Disney Theatrical Group develops, produces live entertainment events on Broadway and around the world, including The Lion King, Aladdin, Newsies, Mary Poppins, Beauty and the Beast, Elton John & Tim Rice's Aida, TARZAN and The Little Mermaid.
Consumer Products & Interactive Media
The Company distributes merchandise directly through retail, online and wholesale businesses. These activities are performed through its retail, games and publishing businesses. In addition, the segment's operations include Website management and design, and the development and distribution of online video content.
The Company markets Disney-, Marvel- and Lucasfilm-themed products through retail stores, which are operating under the Disney Store name and through Internet sites in North America, Western Europe, Japan and China. As of October 1, 2016, the Company owned and operated 223 stores in North America, 78 stores in Europe, 48 stores in Japan and one store in China. The Company also offers retailers merchandise under wholesale arrangements. The Company also develops and publishes games for play on Internet-connected devices, which are available to consumers to download or play online. The Company creates, distributes and publishes children's books, comic books and graphic novel collections of comic books, magazine and learning products in print and digital formats, and storytelling applications in multiple countries and languages.
Walt Disney Co
500 S Buena Vista St
BURBANK CA 91521-0001
Company Web Links
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