Wiki source code of Walt Disney Co

Version 6.2 by Asif Farooqui on 2023/02/02 11:22
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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.
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10
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12 [[image:DIS0.jpg||height="361" width="722"]]
13
14
15 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.
16
17
18 = Recent Developments =
19
20 **Disney Remains Most-Admired Media and Entertainment Company**{{footnote}}https://thewaltdisneycompany.com/disney-remains-most-admired-media-and-entertainment-company/{{/footnote}}
21
22 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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25 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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27
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29 [[image:DIS1.jpg]]
30
31
32 = Financial Highlights =
33
34 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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37 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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40 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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43 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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47 [[image:DIS2.jpg]]
48
49
50 = Company Overview =
51
52 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.
53
54
55 == Business Segments ==
56
57 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).
58
59
60 === Disney Mediaand Entertainment Distribution ===
61
62 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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64
65 **Linear Networks**
66
67 * 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)
68 * International Channels: Disney, ESPN, Fox, National Geographic and Star branded television networks outside of the U.S.
69 * A 50% equity investment in A+E Television Networks (A+E), which operates a variety of cable channels including A&E, HISTORY and Lifetime
70
71
72 **Direct-to-Consumer**
73
74 * Disney+, Disney+ Hotstar, ESPN+, Hulu and Star+ direct-to-consumer (DTC) video streaming services
75
76
77 **Content Sales/Licensing**
78
79 * Sale/licensing of film and television content to third-party television and subscription/advertising video-on-demand (TV/SVOD) service
80 * Theatrical distribution
81 * Home entertainment distribution (DVD, Blu-ray discs and electronic home video licenses)
82 * Music distribution
83 * Staging and licensing of live entertainment events on Broadway and around the world (Stage Plays)
84
85
86
87 == Disney Parks, Experiences and Products ==
88
89 The operations of DPEP’s significant lines of business are as follows:
90
91 **Parks & Experiences**
92
93 * 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.
94 * Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions (73% ownership interest), Adventures by Disney and Aulani, a Disney Resort & Spa in Hawaii.
95
96
97 **Consumer Products**
98
99 * 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.
100 * 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)
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102
103 [[image:DIS3.jpg]]
104
105
106 == Parks and Products ==
107
108 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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110
111 **Parks And Experiences**
112
113 * Disneyland Resort
114 * Walt Disney World Resort
115 * Tokyo Disney Resort
116 * Disneyland Paris
117 * Hong Kong Disneyland
118 * Shanghai Disney Resort
119 * Disney Cruise Line
120 * Disney Vacation Club
121 * Aulani, A Disney Resort & Spa
122 * Adventures By Disney
123 * Walt Disney Imagineering
124
125
126 **Disney Media & Entertainment Distribution**
127
128 * Disney+
129 * ESPN PLUS
130 * hulu
131 * Hotstar
132 * Disney Music Group
133
134
135 **Content Groups**
136
137 * The Walt Disney Studios
138 * Walt Disney Animation Studios
139 * Pixar Animation Studios
140 * MARVEL STUDIOS LOGO
141 * Lucasfilm
142 * Disney Theatrical Group
143 * 20th century studios
144 * Searchlight Pictures
145
146
147 **General Entertainment Content**
148
149 * ABC Entertainment
150 * ABC News
151 * Disney Branded Television
152 * Freeform
153 * FX
154 * Hulu Originals
155 * National Geographic
156 * Onyx Collective
157
158
159 **ESPN and Sports Content**
160
161 * ESPN
162
163
164 == Locations ==
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166
167 (% class="info" %)|(% style="width:235px" %)Location|(% style="width:300px" %)Property Size|Use|Business Segment
168 |(% 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
169 |(% style="width:235px" %)Burbank, CA & surrounding cities|(% style="width:300px" %)Buildings (1,821,000 ft )|Leased Office/Warehouse|Corporate/DMED/DPEP
170 |(% style="width:235px" %)Los Angeles, CA|(% style="width:300px" %)(((
171 Land (22 acres) & Buildings (600,000 ft)
172 )))|Owned Office/Production/Technical/Warehouse|Corporate/DMED
173 |(% style="width:235px" %)Los Angeles, CA|(% style="width:300px" %)Buildings (3,051,000 ft)|Leased Office/Production/Technical/Theater|Corporate/DMED/DPEP
174 |(% style="width:235px" %)New York, NY|(% style="width:300px" %)Buildings (51,000 ft)|Owned Office|Corporate/DMED
175 |(% 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
176 |(% style="width:235px" %)Bristol, CT|(% style="width:300px" %)Land (117 acres) & Buildings (1,174,000 ft)|Owned Office/Production/Technical|DMED
177 |(% style="width:235px" %)Bristol, CT|(% style="width:300px" %)Buildings (512,000 ft)|Leased Office/Warehouse/Technical|DMED
178 |(% style="width:235px" %)Emeryville, CA|(% style="width:300px" %)Land (20 acres) & Buildings (430,000ft)|Owned Office/Production/Technical|DMED
179 |(% style="width:235px" %)Emeryville, CA|(% style="width:300px" %)Buildings (80,000 ft)|Leased Office/Storage|DMED
180 |(% 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
181 |(% 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
182 |(% style="width:235px" %)Europe, Asia, Australia & Latin America|(% style="width:300px" %)Buildings (Multiple sites and sizes)|Leased Office/Warehouse/Retail/Residential|DMED/DPEP
183
184
185
186 = References =
187
188 {{putFootnotes/}}
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