Wiki source code of Walt Disney Co

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1 {{box cssClass="floatinginfobox" title="**Contents**"}}
2 {{toc/}}
3 {{/box}}
4
5 = Summary =
6
7 * The Walt Disney Company is a leading diversified international family entertainment and media enterprise.
8 * Disney Remains Most-Admired Media and Entertainment Company for the 20th consecutive year.
9
10
11 [[image:DIS0.jpg||height="361" width="722"]]
12
13
14 The Walt Disney Company (NYSE: DIS, LSE:0QZO) is a leading diversified international family entertainment and media enterprise that includes Disney Parks, Experiences and Products; Disney Media & Entertainment Distribution; and four content groups—Studios, General Entertainment, Sports and International—focused on developing and producing content for DTC, theatrical and linear platforms.
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16
17 = Recent Developments =
18
19 **Disney Remains Most-Admired Media and Entertainment Company**{{footnote}}https://thewaltdisneycompany.com/disney-remains-most-admired-media-and-entertainment-company/{{/footnote}}
20
21 February 1, 2023; For the 20th consecutive year, The Walt Disney Company has been recognized as the top-ranked media and entertainment company on Fortune’s annual list of the “World’s Most Admired Companies,” released online today and in the magazine’s February/March issue. Disney ranked No. 6 overall among the 324 listed companies from across the globe.
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24 Disney earned top marks in a significant number of areas, including innovation; people management; use of corporate assets; social responsibility; quality of management; financial soundness; long-term investment value; quality of products/services; and global competitiveness.
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28 [[image:DIS1.jpg]]
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30
31 = Financial Highlights =
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33 Service revenues for fiscal 2022 ended October 1, 2022; increased 20%, or $12.4 billion, to $74.2 billion, due to increased revenues at its theme parks and resorts, higher DTC subscription revenue and, to a lesser extent, higher theatrical distribution and advertising revenue.{{footnote}}https://fintel.io/doc/sec-walt-disney-co-1744489-10k-2022-november-29-19325-4134{{/footnote}}
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36 Cost of services for fiscal 2022 increased 19%, or $7.8 billion, to $49.0 billion, due to higher programming and production costs, increased volumes at its theme parks and resorts and higher technical support costs at Direct-to-Consumer. Cost of products for fiscal 2022 increased 36%, or $1.4 billion, to $5.4 billion, due to higher merchandise, food and beverage sales at its theme parks and resorts. Selling, general, administrative and other costs for fiscal 2022 increased 21%, or $2.9 billion, to $16.4 billion, primarily due to higher marketing costs at its DTC and, to a lesser extent, theatrical distribution and parks and experiences businesses.
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39 Restructuring and impairment charges in fiscal 2022 were $0.2 billion primarily due to the impairment of an intangible and other assets related to its businesses in Russia. The company may incur additional charges to exit these businesses, which are not anticipated to be material. Restructuring and impairment charges in fiscal 2021 were $0.7 billion due to $0.4 billion of asset impairments and severance costs related to the shutdown of an animation studio and the closure of a substantial number of Disney-branded retail stores in North America and Europe and $0.3 billion of severance and other costs in connection with the integration of TFCF and workforce reductions at DPEP.
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42 In fiscal 2022, the Company recognized a non-cash loss of $663 million from the adjustment of its investment in DraftKings Inc. (DraftKings) to fair value (DraftKings loss).
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46 [[image:DIS2.jpg]]
47
48
49 = Company Overview =
50
51 The Walt Disney Company is a leading diversified international family entertainment and media enterprise that includes Disney Parks, Experiences and Products; Disney Media & Entertainment Distribution; and four content groups—Studios, General Entertainment, Sports and International—focused on developing and producing content for DTC, theatrical and linear platforms.
52
53
54 == Business Segments ==
55
56 The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company with operations in two segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP).
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58
59 === Disney Media and Entertainment Distribution ===
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61 DMED encompasses the Company’s global film and episodic television content production and distribution activities. Content is distributed by a single organization across three significant lines of business: Linear Networks, Direct-to-Consumer and Content Sales/Licensing. Content is generally created/licensed by four groups: Studios, General Entertainment, Sports and International. The distribution organization has full accountability for the financial results of the entire media and entertainment business.
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63
64 **Linear Networks**
65
66 * Domestic Channels: ABC Television Network (ABC) and eight owned ABC television stations (Broadcasting), and Disney, ESPN, Freeform, FX and National Geographic branded domestic television networks (Cable)
67 * International Channels: Disney, ESPN, Fox, National Geographic and Star branded television networks outside of the U.S.
68 * A 50% equity investment in A+E Television Networks (A+E), which operates a variety of cable channels including A&E, HISTORY and Lifetime
69
70 **Direct-to-Consumer**
71
72 * Disney+, Disney+ Hotstar, ESPN+, Hulu and Star+ direct-to-consumer (DTC) video streaming services
73
74 **Content Sales/Licensing**
75
76 * Sale/licensing of film and television content to third-party television and subscription/advertising video-on-demand (TV/SVOD) service
77 * Theatrical distribution
78 * Home entertainment distribution (DVD, Blu-ray discs and electronic home video licenses)
79 * Music distribution
80 * Staging and licensing of live entertainment events on Broadway and around the world (Stage Plays)
81
82
83 === Disney Parks, Experiences and Products ===
84
85 The operations of DPEP’s significant lines of business are as follows:
86
87 **Parks & Experiences**
88
89 * Theme parks and resorts, which include: Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort (48% ownership interest); and Shanghai Disney Resort (43% ownership interest), all of which are consolidated in its results. Additionally, the Company licenses its IP to a third party to operate Tokyo Disney Resort.
90 * Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions (73% ownership interest), Adventures by Disney and Aulani, a Disney Resort & Spa in Hawaii.
91
92 **Consumer Products**
93
94 * Licensing of its trade names, characters, visual, literary and other IP to various manufacturers, game developers, publishers and retailers throughout the world, for use on merchandise, published materials and games.
95 * Sale of branded merchandise through online, retail and wholesale businesses, and development and publishing of books, comic books and magazines (except National Geographic magazine, which is reported in DMED)
96
97 [[image:DIS3.jpg]]
98
99
100 == Parks and Products ==
101
102 Disney Parks, Experiences and Products is the global hub that brings Disney’s stories, characters, and franchises to life through theme parks and resorts, cruise and vacation experiences, and consumer products—everything from toys to apparel, and books to video games.{{footnote}}https://thewaltdisneycompany.com/about/#our-businesses{{/footnote}}
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104
105 **Parks And Experiences**
106
107 * Disneyland Resort
108 * Walt Disney World Resort
109 * Tokyo Disney Resort
110 * Disneyland Paris
111 * Hong Kong Disneyland
112 * Shanghai Disney Resort
113 * Disney Cruise Line
114 * Disney Vacation Club
115 * Aulani, A Disney Resort & Spa
116 * Adventures By Disney
117 * Walt Disney Imagineering
118
119 **Disney Media & Entertainment Distribution**
120
121 * Disney+
122 * ESPN PLUS
123 * hulu
124 * Hotstar
125 * Disney Music Group
126
127 **Content Groups**
128
129 * The Walt Disney Studios
130 * Walt Disney Animation Studios
131 * Pixar Animation Studios
132 * MARVEL STUDIOS LOGO
133 * Lucasfilm
134 * Disney Theatrical Group
135 * 20th century studios
136 * Searchlight Pictures
137
138 **General Entertainment Content**
139
140 * ABC Entertainment
141 * ABC News
142 * Disney Branded Television
143 * Freeform
144 * FX
145 * Hulu Originals
146 * National Geographic
147 * Onyx Collective
148
149 **ESPN and Sports Content**
150
151 * ESPN
152
153 == Locations ==
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155
156 (% class="info" %)|(% style="width:235px" %)Location|(% style="width:300px" %)Property Size|Use|Business Segment
157 |(% style="width:235px" %)Burbank, CA & surrounding cities|(% style="width:300px" %)Land (201 acres) & Buildings (4,695,000 ft)|Owned Office/Production/Warehouse (includes 240,000 ft sublet to third-party tenants)|Corporate/DMED/DPEP
158 |(% style="width:235px" %)Burbank, CA & surrounding cities|(% style="width:300px" %)Buildings (1,821,000 ft )|Leased Office/Warehouse|Corporate/DMED/DPEP
159 |(% style="width:235px" %)Los Angeles, CA|(% style="width:300px" %)(((
160 Land (22 acres) & Buildings (600,000 ft)
161 )))|Owned Office/Production/Technical/Warehouse|Corporate/DMED
162 |(% style="width:235px" %)Los Angeles, CA|(% style="width:300px" %)Buildings (3,051,000 ft)|Leased Office/Production/Technical/Theater|Corporate/DMED/DPEP
163 |(% style="width:235px" %)New York, NY|(% style="width:300px" %)Buildings (51,000 ft)|Owned Office|Corporate/DMED
164 |(% style="width:235px" %)New York, NY|(% style="width:300px" %)Land (2 acres) & Buildings (2,186,000ft)|Leased Office/Production/Theater/Warehouse (includes 679,000 ft sublet to third-party tenants)|Corporate/DMED/DPEP
165 |(% style="width:235px" %)Bristol, CT|(% style="width:300px" %)Land (117 acres) & Buildings (1,174,000 ft)|Owned Office/Production/Technical|DMED
166 |(% style="width:235px" %)Bristol, CT|(% style="width:300px" %)Buildings (512,000 ft)|Leased Office/Warehouse/Technical|DMED
167 |(% style="width:235px" %)Emeryville, CA|(% style="width:300px" %)Land (20 acres) & Buildings (430,000ft)|Owned Office/Production/Technical|DMED
168 |(% style="width:235px" %)Emeryville, CA|(% style="width:300px" %)Buildings (80,000 ft)|Leased Office/Storage|DMED
169 |(% style="width:235px" %)San Francisco, CA|(% style="width:300px" %)Buildings (638,000 ft)|Leased Office/Production/Technical/Theater (includes 47,000 ft sublet to third-party tenants)|Corporate/DMED
170 |(% style="width:235px" %)USA & Canada|(% style="width:300px" %)Land and Buildings (Multiple sites and sizes)|Owned and Leased Office/Production/Transmitter/Theaters/Warehouse|Corporate/DMED/DPEP
171 |(% style="width:235px" %)Europe, Asia, Australia & Latin America|(% style="width:300px" %)Buildings (Multiple sites and sizes)|Leased Office/Warehouse/Retail/Residential|DMED/DPEP
172
173
174 = References =
175
176 {{putFootnotes/}}
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