Profile: Walt Disney Co (DIS)
22 Jul 2019
The Walt Disney Company, formerly TWDC Holdco 613 Corp, incorporated on April 14, 2018, is a worldwide entertainment company. The Company operates in four business segments: Media Networks, Parks Experiences and Products, Studio Entertainment, and Direct-To-Consumer and International. 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 September 29, 2018, ESPN operated eight 24-hour domestic television sports networks. Its ESPN network includes ESPN, ESPN2, ESPNU, ESPNEWS, SEC Network, ESPN Classic, and ESPN Deportes.
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. 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.
The Company's broadcasting business included a domestic broadcast network, television production and distribution operations, and eight owned domestic television stations, as of September 29, 2018. 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. FX Networks, LLC (FX) is a distributed general entertainment video programming network that telecasts a roster of original series, as well as acquired television series and motion pictures.
Parks Experiences and Products
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 September 29, 2018, 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 September 29, 2018, 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 September 29, 2018, the Company owned and operated 18 resort hotels at the Walt Disney World Resort. As of September 29, 2018, 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 September 29, 2018, the resort also included two water parks: Disney's Blizzard Beach and Disney's Typhoon Lagoon.
As of September 29, 2018, 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 September 29, 2018, 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 September 29, 2018, Disney California Adventure included six themed areas: Buena Vista Street, Cars Land, Grizzly Peak, Hollywood Land, Pacific Wharf and Pixar Pier. These areas include attractions, shows, restaurants, merchandise shops and refreshment stands. Disney California Adventure offers a nighttime water spectacular, World of Color. As of September 29, 2018, 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 23 venues, as of September 29, 2018, 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 September 29, 2018, 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 September 29, 2018, 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 September 29, 2018, 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 September 29, 2018, 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 September 29, 2018, Hong Kong Disneyland Resort included one theme park and two themed resort hotels. As of September 29, 2018, 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 September 29, 2018, Hong Kong Disneyland Resort had three 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 September 29, 2018. As of September 29, 2018, Shanghai Disneyland consisted of seven themed areas: Adventure Isle, Fantasyland, Gardens of Imagination, Mickey Avenue, Tomorrowland, Toy Story Land and Treasure Cove. These areas feature themed attractions, shows, restaurants, merchandise shops and refreshment stands. Additionally, there are daily parades and a nighttime fireworks event.
As of September 29, 2018, 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 September 29, 2018, Tokyo Disneyland consisted of seven themed areas: Adventureland, Critter Country, Fantasyland, Tomorrowland, Toontown, Westernland and World Bazaar.
As of September 29, 2018, Disney Vacation Club (DVC) offered 14 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 875-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.
The Studio Entertainment segment operates various studios, such as The Walt Disney Studios, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios and Blue Sky Studios. It also includes Twentieth Century Fox and Fox 2000, which produces and acquires motion pictures for mainstream audiences; and Fox Searchlight Pictures, which produces and acquires specialized motion pictures. The Walt Disney Studios releases motion pictures for audiences around the world. Its studio services include dubbing, film services, graphics and screen printing. Its Disney Digital Studio services include digital media services, editorial services, projection services and sound services. Walt Disney Animation Studios is an animation studio focused on creating animated films. Marvel Studios character-based entertainment film making studio. Its subsidiary, Lucasfilm Ltd, is an entertainment service company focused on visual effects and sound.
Direct-To-Consumer and International segment
The Direct-To-Consumer and International segment comprises of the Company’s international business units and various direct-to-consumer streaming services, Direct-to-Consumer and International (DTCI) aligns technology, global content sales and advertising sales. This segment includes Disney+, Espn+, Hulu and Hotstar. Hulu is a streaming service offering live and on-demand TV and movies, with and without commercials, both in and outside the home. Hotstar is an online video streaming platform.
Walt Disney Co
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