The Walt Disney Company

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The Walt Disney Company
Type Public (NYSE: DIS)
Founded Los Angeles, California, U.S.[1]
(October 16, 1923)
Founder(s) Walt Disney and Roy Disney
Headquarters The Walt Disney Studios
Burbank, California, U.S.
Key people Robert A. "Bob" Iger
President & CEO
John E. Pepper, Jr.
Chairman
Roy E. Disney
Director Emeritus
Steve Jobs
Chief Shareholder
Anne Sweeney
President, Disney-ABC Television Group & Co-Chair, Disney Media Networks
Industry Media and Entertainment
Revenue ▲ US$ 37.843 billion (2008)[2]
Operating income ▼ US$ 7.402 billion (2008)[2]
Net income ▼ US$ 4.427 billion (2008)[2]
Total assets ▲ US$ 62.497 billion (2008)[2]
Total equity ▲ US$ 54.878 billion (2008)[2]
Employees 150,000 (2008)[2]
Divisions Walt Disney Studio Entertainment, Disney-ABC Television Group, Disney Interactive Media Group, Walt Disney Consumer Products, Walt Disney Parks and Resorts, Disney Interactive Studios
Website Disney.com

The Walt Disney Company (NYSE: DIS), often simply known as Disney, is the largest media and entertainment conglomerate in the world,[3] known for its family-friendly products. Founded on October 16, 1923, by brothers Walt Disney and Roy Disney as an animation studio, it has become one of the biggest Hollywood studios, and owner and licensor of eleven theme parks and several television networks, including ABC and ESPN. Disney's corporate headquarters and primary production facilities are located at The Walt Disney Studios in Burbank, California. The company has been a component of the Dow Jones Industrial Average since May 6, 1991. Mickey Mouse serves as the official mascot of The Walt Disney Company.

Contents

[edit] Company Divisions

Merge arrow
 It has been suggested that this article or section be merged into List of assets owned by Disney. (Discuss)

Walt Disney Studio Entertainment

Disney-ABC Television Group

ESPN Inc

Disney Interactive Media Group

Walt Disney Consumer Products

Walt Disney Parks and Resorts

The company's Walt Disney Parks and Resorts division owns and operates two resorts in the United States and another three internationally through various joint ventures and licensing agreements. These are:

[edit] Senior Executive Management

[edit] Current Division Heads

[edit] Disney Management History

[edit] Presidents

[edit] Chief Executive Officers

[edit] Chairmen of the Board

    • From 1945 to 1960 Walt and Roy Disney shared the role of Chairman of the Board. Walt dropped the Chairman title in 1960 so he could focus more on the creative aspects of the company. Roy O. Disney kept the Chairman and CEO's role.

[edit] Vice Chairman of the Board

  • 1984-2003: Roy E. Disney
  • 1999-2000: Sanford Litvack (Co-Vice Chair)
  • 2000-present: Maurice Vikour

[edit] Chief Operating Officers

[edit] Timeline

Further information: Timeline of The Walt Disney Company

[edit] Financial Data

[edit] Revenues

Annual Revenues of The Walt Disney Company (in millions USD)
Year Walt Disney Studio Entertainment[Rev 1] Disney Consumer Products[Rev 2] Walt Disney
Parks and Resorts		 Disney Media Networks[Rev 3] Walt Disney Internet Group[Rev 4] / Disney Interactive Media Group[Rev 5] Total
1991[5] 2,593.0 724 2,794.0     6,111
1992[5] 3,115 1,081 3,306     7,502
1993[5] 3,673.4 1,415.1 3,440.7     8,529.2
1994[6] · [7] · [8] 4,793 1,798.2 3,463.6 359   10,413.8
1995[6] · [7] · [8] 6,001.5 2,150 3,959.8 414   12,525.3
1996[7] · [9] 10,095[Rev 2] 4,502 4,142[Rev 6]   18,739
1997[10] 6,981 3,782 5,014 6,522 174 22,473
1998[10] 6,849 3,193 5,532 7,142 260 22,976
1999[10] 6,548 3,030 6,106 7,512 206 23,402
2000[11] 5,994 2,602 6,803 9,615 368 25,402
2001[12] 7,004 2,590 6,009 9,569   25,790
2002[12] 6,465 2,440 6,691 9,733   25,360
2003[13] 7,364 2,344 6,412 10,941   27,061
2004[13] 8,713 2,511 7,750 11,778   30,752
2005[14] 7,587 2,127 9,023 13,207   31,944
2006[14] 7,529 2,193 9,925 14,368   34,285
2007[15] 7,491 2,347 10,626 15,046   35,510
2008[16] 7,348 2,415 11,504 15,857 719 37,843
  1. ^ also named Films
  2. ^ a b Merged into Creative Content in 1996
  3. ^ Broadcasting from 1994 to 1996
  4. ^ Walt Disney Internet Group, from 1997 to 2000, next merged with Disney Media Networks
  5. ^ Disney Interactive Media Group, starting in 2008 with the merge of WDIG and Disney Interactive Studios
  6. ^ Suite au rachat d'ABC

[edit] Net Income

Net Income of The Walt Disney Company (in millions USD)
Year Walt Disney Studio Entertainment[NI 1] Disney Consumer Products[NI 2] Walt Disney
Parks and Resorts		 Disney Media Networks[NI 3] Walt Disney Internet Group[NI 4] / Disney Interactive Media Group[NI 5] Total
1991[5] 318.1 229.8 546.6     1,094.5
1992[5] 508.3 283 644     1,435.3
1993[5] 622.2 355.4 746.9     1,724.5
1994[6] · [7] 779.1 425.5 684.1 77   1,965.7
1995[6] · [7] 998.4 510.5 860.8 76   2,445.7
1996[7] 1,598[NI 2] 990 747 (-300)[NI 6]. 3,035
1997[10] 1,079 893 1,136 1,699 -56 4,312
1998[10] 769 801 1,288 1,746 -94 3,231
1999[10] 116 607 1,446 1,611 -93 3,231
2000[11] 110 455 1,620 2,298 -402 4,081
2001[12] 260 401 1,586 1,758   4,214
2002[12] 273 394 1,169 986   2,826
2003[13] 620 384 957 1,213   3,174
2004[13] 662 534 1,123 2 169   4,488
2005[14] 207 543 1,178 3,209   5,137
2006[14] 729 618 1,534 3,610   6,491
2007[15] 1,201 631 1,710 4,285   7,827
2008[16] 1,086 778 1,897 4,942 -258 8,445
  1. ^ also named Films
  2. ^ a b Merged into Creative Content in 1996
  3. ^ Broadcasting from 1994 to 1996
  4. ^ Walt Disney Internet Group, from 1997 to 2000, next merged with Disney Media Networks
  5. ^ Disney Interactive Media Group, merge of WDIG and Disney Interactive Studios
  6. ^ Not link to WDIG, Disney reported a 300 millions $ lost due to financial modification regarding a real estate

[edit] Criticism, controversies and conflict

Disney's media releases and company practices have prompted action from activists, artists, and causes around the world.

  • Religious welfare groups, such as the Catholic League, have spoken out against the release of material which they and others found offensive, including vehement protests of the Miramax Films features Priest (1994) and Dogma (1999).[17] Disney pushed back the release date for Dogma due to the controversy surrounding the movie, and eventually sold the distribution rights to Lions Gate Films. The ABC show Nothing Sacred, about a Jesuit priest, a book called Growing Up Gay (published by Disney-owned Hyperion Press), the annual Gay and Lesbian Days at Disney theme parks, and similar issues spurred boycotts of Disney and its advertisers by the Catholic League, the Assemblies of God, and other conservative groups.[17][18][19]
  • In 1995 a pro-life lobby group, American Life League (ALL), alleged that several Disney films, including The Lion King, The Little Mermaid, and Aladdin contained subliminal messages and sexual imagery.[22][23] The Lion King allegation was later denied by Tom Sito, a Disney animator and a writer for the film, who said that the letters written in the dust were actually "S.F.X". It was intended to be an easter egg signature from the animation department, and that the controversy that followed was entirely unintentional.[24]
  • The company has been accused of human rights violations regarding the working conditions in factories that produce their merchandise.[25][26] It has been criticized also by animal welfare groups, for their care of and procedures for wild animals at Disney's Animal Kingdom theme park,[27] and for using purebred dogs in movies such as 101 Dalmatians. Animal rights groups claim movies with purebreds create an artificial demand for purebreds from people who may not be prepared or temperamentally suited for the animals, many of whom end up abandoned or surrendered to shelters or rescue groups.[28]
  • An environmental management plan for a zone of Great Guana Cay, in the Abaco Islands, criticized Disney for poor management of a 90-acre (36.4 ha) tract of the island. Disney partially developed but then abandoned the place, which was to have been a cruise ship resort called Treasure Island. The report, by the University of Miami and the College of the Bahamas, blames Disney for leaving hazardous materials, electrical transformers, and fuel tanks, and also for introducing invasive alien plants and insects that threaten the natural flora and fauna of the island.[29]

[edit] References

  1. ^ "Company History". Corporate Information. The Walt Disney Company. http://corporate.disney.go.com/corporate/complete_history_1.html. Retrieved on 2008-08-30. 
  2. ^ a b c d e f "2008 10-K". http://idea.sec.gov/Archives/edgar/data/1001039/000119312508240242/d10k.htm. Retrieved on 2009-02-12. 
  3. ^ "Why Disney wants DreamWorks". CNN/Money. 2009-02-09. http://money.cnn.com/2009/02/09/news/companies/disney_dreamworks.fortune/?postversion=2009020914. Retrieved on 2009-02-09. 
  4. ^ New service is the first of its kind in family entertainment Retrieved December 19, 2008
  5. ^ a b c d e f SEC Info - Disney Enterprises Inc - 10-K - For 9/30/93
  6. ^ a b c d Disney Annual Report 1995 - Financial Highlights
  7. ^ a b c d e f Disney Annual Report 1996 - Management's Discussion and Analysis of Financial Condition and Results of Operations
  8. ^ a b Disney Enterprises Inc · 10-K · For 9/30/95
  9. ^ Walt Disney Co · 10-K405 · For 9/30/96
  10. ^ a b c d e f Disney Annual Report 1999 - Management's Discussion and Analysis of Financial Condition and Results of Operations
  11. ^ a b Disney Annual Report 2000
  12. ^ a b c d Disney Annual Report 2002
  13. ^ a b c d Disney Annual Report 2004
  14. ^ a b c d Disney Annual Report 2006 - Financial Highlights
  15. ^ a b Disney Annual Report 2007 - Financial Highlights
  16. ^ a b Disney Factbook 2008 - Financial Information p 50
  17. ^ a b "75 Organizations Asked To Join Showtime Boycott". Catalyst Online. Catholic League. 2001-05-29. http://www.catholicleague.org/release.php?id=381. Retrieved on 2008-08-29. 
  18. ^ "Disney Boycott Expands". Catalyst. Catholic League. October 1996. http://www.catholicleague.org/catalyst.php?year=1996&month=October&read=151. Retrieved on 2008-08-29. 
  19. ^ "Petitions and Boycott Stir Disney". Catalyst Online. Catholic League. October 1997. http://www.catholicleague.org/catalyst.php?year=1997&month=October&read=414. Retrieved on 2008-08-29. 
  20. ^ "Southern Baptists drop Disney boycott". Gay.com. PlanetOut Inc.. 2005-06-22. http://www.gay.com/news/article.html?date=2005/06/22/3. Retrieved on 2008-08-29. 
  21. ^ "Christian group calls off Disney boycott". Gay.com. PlanetOut Inc.. 2005-05-24. http://www.gay.com/news/article.html?2005/05/24/4. Retrieved on 2008-08-29. 
  22. ^ Ostman, Ronald E. (1996). "Disney and Its Conservative Critics: Images versus Realities". Journal of Popular Film and Television 24 (2): 82. 
  23. ^ Smith, Leef (1995-09-01). "Disney's Loin King? Group Sees Dirt in the Dust". Washington Post. http://www.washingtonpost.com/wp-srv/style/longterm/review96/flionking.htm. Retrieved on 2008-08-30. 
  24. ^ Pinsky, Mark (2004). The Gospel According to Disney: Faith, Trust, and Pixie Dust. Louisville, KY: Westminster John Knox Press. ISBN 0664225918. 
  25. ^ "Beware of Mickey: Disney's Sweatshop in South China". Centre for Research on Multinational Corporations. 2007-02-10. Archived from the original on 2007-02-10. http://web.archive.org/web/20070210015136/http://www.somo.nl/monitoring/reports/hkcic01-02.htm. Retrieved on 2008-08-30. 
  26. ^ Staff writer (2001-06-20). "source Disney's duds are tops in sweatshop labour, Oxfam". CBC.com. http://www.cbc.ca/news/story/2001/06/18/sweatshops_010618.html source. Retrieved on 2008-08-30. 
  27. ^ Drummond, Tammerlin (1998-04-20). "Caution: Live Animals". TIME. http://www.time.com/time/magazine/article/0,9171,988208,00.html?. Retrieved on 2008-08-30. 
  28. ^ Walton, Marsha (2003-06-30). "'Nemo' fans net fish warning". CNN.com. http://www.cnn.com/2003/TECH/science/06/30/coolsc.nemo.fish/index.html. Retrieved on 2008-08-30. 
  29. ^ Sullivan-Sealey, K; Cushion, N., Semon, K., Constantine, S. (2005) (PDF). Environmental Management Program for Baker’s Bay Club. Great Guana Cay, Abaco, Bahamas. University of Miami. http://henge.bio.miami.edu/coastalecology/sustainable%20development/EMP_Jan_2007.pdf. Retrieved on 2008-08-30. 

[edit] See also

[edit] Further reading

  • Building a Company: Roy O. Disney and the Creation of an Entertainment Empire, Bob Thomas, 1998
  • Building a Dream; The Art of Disney Architecture, Beth Dunlop, 1996
  • Cult of the Mouse: Can We Stop Corporate Greed from Killing Innovation in America?, Henry M. Caroselli, 2004, Ten Speed Press
  • Disney: The Mouse Betrayed, Peter Schweizer
  • The Disney Touch: How a Daring Management Team Revived an Entertainment Empire, by Ron Grover (Richard D. Irwin, Inc., 1991), ISBN 1-55623-385-X
  • The Disney Version: The Life, Times, Art and Commerce of Walt Disney, Richard Schickel, 1968, revised 1997
  • Disneyana: Walt Disney Collectibles, Cecil Munsey, 1974
  • Disneyization of Society: Alan Bryman, 2004
  • DisneyWar, James B. Stewart, Simon & Schuster, 2005, ISBN 0-684-80993-1
  • Donald Duck Joins Up; the Walt Disney Studio During World War II, Richard Shale, 1982
  • How to Read Donald Duck: Imperialist Ideology in the Disney Comic ISBN 0-88477-023-0 (Marxist Critique) Ariel Dorfman, Armand Mattelart, David Kunzle (translator).
  • Inside the Dream: The Personal Story of Walt Disney, Katherine Greene & Richard Greene, 2001
  • The Keys to the Kingdom: How Michael Eisner Lost His Grip, Kim Masters (Morrow, 2000)
  • The Man Behind the Magic; the Story of Walt Disney, Katherine & Richard Greene, 1991, revised 1998
  • Married to the Mouse, Richard E. Foglesorg, Yale University Press.
  • Mouse Tales: A Behind-the-Ears Look at Disneyland, David Koenig, 1994, revised 2005, ISBN 0-9640605-4-X
  • Mouse Tracks: The Story of Walt Disney Records, Tim Hollis and Greg Ehrbar, 2006
  • Storming the Magic Kingdom: Wall Street, the raiders, and the battle for Disney, John Taylor, 1987, [1], [2]
  • The Story of Walt Disney, Diane Disney Miller & Pete Martin, 1957
  • Team Rodent, Carl Hiassen.
  • Walt Disney: An American Original, Bob Thomas, 1976, revised 1994
  • Work in Progress by Michael Eisner with Tony Schwartz (Random House, 1998), ISBN 978-0375500718

[edit] External links

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