The Walt Disney Company is in the entertainment
buisness, and has four buisness segments
that it operates under:
Media Networks:
Disney's media networks is made up of the company's
Television station, "The Disney Channel", and "Radio Disney,"
a nation-wide radio station. The media network also includes
the broadcasts over cable and satellite along with over-seas media.
Click here to learn more
information
about "The Disney Channel"
or "Radio Disney."
Parks and Resorts:
The Walt Disney parks and vacation resorts are one of the most famous aspects
of the company. Disney
ownes Disneyland
in California, Disneyworld
of Florida, and The Disney
Cruiseline with ports in southern Florida. In addition,
the company also ownes several ESPN
ZONE arcades, including one in nearby Chicago. Internationally,
Disney runs amusement resorts in Tokyo and France.
Studio Entertainment:
The Disney Studio produces entertainment
in all forms. From the classic animation, full-length feature films
to live-action films, television shows in both live-action and animation,
audio recordings and, more recently, live stage productions.
Consumer Products:
This branch of the Disney Corp. is responsible for licensing
the Disney name and characters to other manufacturers and companies
so the use in products, shows, toys, and literature.
Annual
Income
|
$25,329,000,000
|
Number of
Employees
|
117,000 +
|
Ticker Symbol
|
DIS
|
Stock Exchange
|
Dow Jones
Industrial
|
Link to stock
Info.
|
Stock
information
|
Link to SEC
10-K
|
SEC 10-K
|
Link to Annual
Report
|
Annual Report
|
"Walt Disney and his brother Roy Disney
started a film studio in 1923 in Hollywood. They produced the first
Mickey Mouse cartoon in 1928 and their first animated feature film, “Snow
White,” in 1937. In 1955 they produced the television program “The
Mickey Mouse Club.” Disneyland opened in 1955 as well in Anaheim, California.
Walt Disney died in 1966, and Roy became chairman. Disney World, in
Orlando, Florida, opened in 1971. Roy died this same year, and his son,
Roy E., took over. When this occurred, Disney films went from producing
over 50% of company revenue to only 20%. Walt’s son-in-law, Ron Miller, became
president of the company in 1980. In 1982, Epcot opened. Miller
also started Touchstone Pictures. Texas’s Bass family bought a controlling
interest of Disney in 1984. After this, Michael Eisner, new CEO, and
President Frank Wells ushered in a new time of innovation and productivity.
In the 1980’s, the Disney Channel came to be and Disney retail stores started
to appear. Disney went international in 1984 with the opening of Tokyo
Disneyland. MGM Studios followed by opening in 1989. The Walt
Disney Company started Hollywood Records in 1990 while two years later they
continued their international expansion with the opening of EuroDisney in
Paris. In 1993, Disney bought Miramax Films Corporation and shortly
after, in 1994, Frank Wells died. In 1996, the Walt Disney Company
signed a multimedia deal with Colossal Pictures as they continued to keep
up with future media movements." (from Christy Dollar)
For more information on Disney's history check out these websites:
Disney.com
online history Extended history
of Disney
Michael Eisner
|
Chairman of the Board,
CEO
|
$1 Million
|
60 years old
|
Roy Disney
|
Vice Chairman of the Board
|
$ 900,000
|
73 years old
|
Robert Iger
|
President & Chief
Operating Officer
|
$ 800,000
|
51 years old
|
John Cooke
|
Executive Vice President
of Corporate Affairs
|
Not Avail.
|
60 years old
|
John Feenie
|
Executive Vice President
of China Affairs
|
Not Avail.
|
Not Avail.
|
Alan Braverman
|
Executive Vice President
& General Counsel
|
Not Avail.
|
Not Avail.
|
Peter Murphy
|
Executive Vice President
& Chief Strategic Officer
|
$700,000
|
39 years old
|
Preston Padden
|
Executive Vice President
of Government Relations
|
Not Avail.
|
Not Avail.
|
Thomas Staggs
|
Executive Vice President
and Chief Financial Officer
|
$ 700,000
|
41 years old
|
Michael
Eisner
Robert Iger
Roy
Disney
Thomas Staggs
Top Row from Left: Lou Meisinger,
Executive Vice President and General Counsel – Christine McCarthy, Senior
Vice President and Treasurer – David Thompson, Senior Vice President, Assistant
General Counsel and Corporate Secretary – Preston Padden, Executive Vice President,
Worldwide Government Relations – Jack Garand, Executive Vice President, Planning
and Control – Anne Buettner, Senior Vice President, Corporate Taxes – Salil
Mehta, Executive Vice President, Corporate Business Development and Strategic
Planning – Middle Row from Left: Wendy Webb, Senior Vice President, Investor
Relations and Shareholder Services – John Renfro, Senior Vice President, Human
Resources – Tom Staggs, Senior Executive Vice President and Chief Financial
Officer – Roy Disney, Vice Chairman of the Board – Peter Murphy, Senior Executive
Vice President and Chief Strategic Officer – Jody Dreyer, Senior Vice President,
Disney Worldwide Outreach – Alan Braverman, Deputy General Counsel – Bottom
Row from Left: Marsha Reed, Vice President, Governance Administration and
Assistant Secretary – Bob Iger, President and Chief Operating Officer – Michael
Eisner, Chairman and Chief Executive Officer – Valerie Cohen, Senior Vice
President, Corporate Alliances – Zenia Mucha, Senior Vice President, Corporate
Communications
It is the Mission: SPACE pavilion
at Epcot. This attraction, opening in 2003, will provide guests with sensations
of lift-off, weightlessness and re-entry that, until now, were experienced
only by astronauts and cosmonauts. Sponsored by Compaq, this will be a spectacular
and unique entertainment experience … unless you can book a flight on the
Space Shuttle. I’ve almost gotten up the courage to go on it. Across
our company, you can expect similar innovations in entertainment. The Studios
will be releasing films like Pirates of the Caribbean, The Alamo and The Haunted
Mansion. Walt Disney Animation is creating some of its best productions ever,
from such theatrical releases as Disney/Pixar’s Finding Nemo and Bears to
the inventive TV fare of Kim Possible and Teacher’s Pet. ABC has a number
of great new shows for the midseason and fall of 2003. ESPN will be expanding
on the kind of original entertainment it launched with 2002’s highly successful
A Season on the Brink. Our parks will continue to be “plussed” by wonderful
new attractions, such as Twilight Zone Tower of Terror, coming to Disney’s
California Adventure in 2004 and, of course, Mission: SPACE, plus the addition
of an entirely new theme park, Hong Kong Disneyland, for which we’re breaking
ground in January. Disney Consumer Products is creating a tremendous line
of inventive toys that would be great for anybody’s children or grandchildren.
All of these plans, strategies, and trends combine to
make me as bullish about the company’s prospects as I’ve been since arriving
at Disney. I came to the company at a time when the market did not fully appreciate
the potential of this company. I believe that we are once again at a point
where there is a disconnect between Disney’s underlying strength and potential
and the market’s perception of its strength and potential. Indeed, today
Disney has far greater reach and depth as a media and entertainment company
than at any time in its extraordinary existence.
For more information on Disney's plans for the
future, take a look at the "letter
to the shareholders."
NBC
Viacom
AOL-Time Warner
MOUSE
'HOUSE' PARTY
Theme
parks make the Mouse grouse
MOUSE
'HOUSE' PARTY
Disney
Announces Theme Park Attendance Badly Impacted by Recent Terror Alert
For up to the minute news stories on Disney and
other companies, check out Hoovers.com
March 2, 2003
Matthew Cunningham