{"id":28402,"date":"2016-10-16T18:24:55","date_gmt":"2016-10-16T22:24:55","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=28402"},"modified":"2016-11-29T16:10:18","modified_gmt":"2016-11-29T21:10:18","slug":"disney","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2016\/10\/16\/disney\/","title":{"rendered":"Disney"},"content":{"rendered":"
Emma Lipstone and Susy Solino<\/pre>\n
\"The<\/a>
 [1] <\/a>\u00a0\u00a0The Walt Disney Company Logo<\/p><\/div>\n
\u00a0The Walt Disney Company<\/strong><\/p>\n
500 South Buena Vista St.
\nBurbank, CA 91521<\/p>\n
Website:\u00a0<\/strong>thewaltdisneycompany.com
\nPhone Number:\u00a0<\/strong>(818) 560 – 1000<\/p>\n
Company<\/strong><\/p>\n
The Walt Disney Company<\/a>\u00a0was founded on October 16, 1923 by Walter Elias Disney<\/a> and is headquartered in Burbank, CA.\u00a0<\/strong>The Company\u00a0is one of the biggest media and entertainment corporations in the world. [2]<\/a>. Walt Disney Studios is home to the four major film studios: Walt Disney Animation Studios<\/a>, Pixar Animation Studios<\/a>, Marvel Studios<\/a>, and Lucasfilm Ltd<\/a>. The Walt Disney Company also owns and operates Walt Disney Studios Motion Pictures<\/a>, Disney Music Group<\/a>, Disney Theatrical Group<\/a>, DisneyToon Studios<\/a>, Touchstone Pictures<\/a>, and DisneyNature<\/a>. [3].\u00a0<\/a><\/p>\n
Disney’s animation studio has produced around fifty-five animated feature films, with the fifty-sixth being\u00a0Moana<\/em> <\/a>that was just recently released. Pixar has produced seventeen films; the most recent\u00a0being\u00a0Finding Dory<\/a>.<\/em>\u00a0In 2009, Disney purchased Marvel Studios and has since produced multiple movies based off of Marvel comic book characters including:\u00a0The Avengers<\/a>, X-Men<\/a>, Spider-Man<\/a>,\u00a0<\/em>and\u00a0Guardians of the Galaxy<\/em><\/a>. Most recently in 2012, Disney acquired Lucasfilm Ltd. which is the studio best known for creating the\u00a0Star Wars<\/em><\/a> and\u00a0Indiana Jones<\/em><\/a> franchises.<\/p>\n
In addition to popular film franchises, Walt Disney Company owns and operates many television channels that produce popular television series’. The biggest subsidiary under Disney Media Networks<\/a> is ABC<\/a>, which produces hit network shows such as\u00a0Scandal<\/em><\/a> and\u00a0How to Get Away with Murder<\/em><\/a>. [5].<\/a>\u00a0Disney also owns ESPN<\/a> and operates A&E Networks<\/a> in a joint venture with Hearst Corporation<\/a>, along with a portion of Hulu<\/a>.<\/p>\n
 <\/p>\n
\"The<\/a>
[9]<\/a>\u00a0Some of The Walt Disney Company Conglomerates<\/p><\/div>\n
Financials<\/strong><\/p>\n
The Walt Disney Company (NYSE: DIS) stock has been declining in the past few quarters.<\/p>\n
According to the earnings report released on November 10, 2016, operating income at Cable Networks decreased<\/span> $207 million to $1.4 billion for the quarter due to decreases at ESPN and the Disney Channels. [6].\u00a0<\/a><\/p>\n
ESPN has been losing subscribers to online streaming, such as Netflix<\/a> or over-the-top streaming services. Also, social media has provided access to a lot of breaking news and sports live broadcasting, luring viewers away from cable television. One of the biggest issues facing ESPN and The Walt Disney Company is that the sports cable network has already paid huge rights fees for the next 5 years, yet subscribers are only paying $8 a month to cover the games, which will not exist in a few years. The increase in programming and production costs were due to The Olympics<\/a> programming internationally, the World Cup of Hockey<\/a> rights, and higher contractual rates for college sports. [7].\u00a0<\/a><\/p>\n
However, the growth at Freeform<\/a>, which is the old ABC Family, has been very successful this quarter due to lower programming and production costs, as well as a decrease in marketing expenses. These were driven by fewer hours of original scripted programming in the current quarter.<\/p>\n
 <\/p>\n
\"Disney<\/a>
[33]<\/a> Disney stock prices for last 2 years<\/p><\/div>\n
Key Executives<\/strong><\/p>\n
\"Robert<\/a>
[8]<\/a>\u00a0Robert A. Iger: Chairman and Chief Executive Officer<\/p><\/div>
<\/a>
[8] <\/a>Alan N. Braverman: Senior Executive Vice President<\/p><\/div>
\"Christine<\/a>
[8]<\/a>\u00a0Christine M. McCarthy: Senior Executive Vice President and Chief Financial Officer<\/p><\/div>
\"Zenia<\/a>
[8]<\/a>\u00a0Zenia Mucha: Executive Vice President and Chief Communications Officer<\/p><\/div>
\"Jayne<\/a>
[8]<\/a>\u00a0Jayne Parker: Executive Vice President and Chief Human Resources Officer<\/p><\/div><\/p>\n
Box Office Reports<\/strong><\/p>\n
\"captain-america-civil-war-poster-2\"<\/a>
[12]<\/a> Movie poster for “Captain America: Civil War” (2016)<\/p><\/div>\n
2016 was announced as The Walt Disney Company’s most successful International Box Office record to date, reporting over $3.56 Billion through October 16th in just international sales, surpassing their 2015 general record of $3.56 Billion. [10].<\/a>\u00a0This was due to a powerhouse series of releases throughout 2016, beginning with the summer blockbuster\u00a0Captain America: Civil War<\/em> which brought in 1.15 Billion worldwide viewers, $745 million Internationally and was named the No. 1 film of the year internationally and globally.\u00a0[11].<\/a><\/p>\n
\"movie_poster_zootopia_866a1bf2\"<\/a>
[14]<\/a> Movie poster for “Zootopia” (2016)<\/p><\/div>\n
The animated release of\u00a0Zootopia<\/em> also helped spike Disney’s international numbers as it was named the biggest animated film to ever be released in China and brought in $682.3 million internationally.\u00a0Elsewhere in the studio, 2016’s surprise remake of\u00a0The Jungle Book<\/em><\/a> also experienced a successful release, bringing in $602.3 million internationally as well as the title of “Top Western Film of all Time” in India and the No. 3 film of the year overseas.\u00a0 [13].<\/a> Furthermore, while being in the box office for nearly 16 weeks,\u00a0Finding Dory<\/em> managed to break records and pass the billion dollar global box office line by bringing in $484.8 million domestically and $519.9 million internationally, making it Pixar’s second billion dollar release and earning a rank as the 5th biggest animated film of all time, globally.\u00a0[15].\u00a0<\/a><\/p>\n
As though breaking international box office records was not enough, Disney also managed to set new industry records for reaching $2 billion domestic (July 16th) and $5 billion global (July 10). As well as earned three new spots in the Hall of Fame for domestic box offices with\u00a0Finding Dory, Captain America: Civil War,\u00a0<\/em>and\u00a0Zootopia.\u00a0<\/em>All of this success comes with still two-and-a-half months and three major releases remaining in their calendar year.\u00a0[16].<\/a><\/p>\n
\"dory_characters_0afa6e45\"<\/a>
Dory, the star of “Finding Dory” (2016), now the fifth highest grossing animated film of all time. [17]<\/p><\/div>\n
\u00a0<\/b><\/p>\n
Recent and Future Releases<\/strong><\/p>\n
\"cf5nqhcxiae59i9-jpg-large\"<\/a>
[18]<\/a> Movie poster for Marvel’s “Doctor Strange” (2016)<\/p><\/div>\n
Marvel Studio’s\u00a0Doctor Strange<\/em> represents another large victory for The Walt Disney Company’s Marvel unit, even on the heels of the overwhelming success of\u00a0Captain America: Civil War.\u00a0<\/em><\/p>\n
Doctor Strange<\/em>\u00a0was projected to collect anywhere from $65 million to $75 million in ticket sales from the United States and Canada through opening weekend, positively surprising analysts and bringing in $85 million and the #1 rank instead. Since its release,\u00a0Doctor Strange\u00a0<\/em>has made over $200 million domestically and over $400 million internationally, crossing $600 million worldwide in under 4 weeks. [19]<\/a>.<\/p>\n
Moana, <\/em>who was scheduled for a holiday release, has surpassed the high expectations set by Doctor Strange, <\/em>bringing in over $81 million domestically throughout its opening weekend.\u00a0[20].\u00a0<\/a><\/p>\n
\"flex_moana_header_ddaba7de\"<\/a>
[22] <\/a>Movie poster for “Moana” (2016)<\/p><\/div>\n
Further down the line, fans eagerly await the release of Star Wars: Rogue One. <\/em>As well as\u00a0Disney’s live action remake of\u00a0Beauty and the Beast<\/a>\u00a0<\/em>and\u00a0the recently announced remakes of\u00a0Mulan<\/em><\/a> and\u00a0Snow White<\/a>.\u00a0<\/em>All of which are predicted to be box-office heavy hitters.\u00a0[21].\u00a0<\/a><\/p>\n