Disney Company 's Operations And Board Of Directors

3617 Words Apr 11th, 2015 15 Pages
The Walt Disney Company, together with its subsidiaries, is a leading diversified international conglomerate media and entertainment company that creates and distributes entertainment across multiple business segments. The company tends to maximize profits by promoting its concepts and products to all of its business segments. By creating an illusory dreaming world among consumers, Disney subtly shapes and influences them into desiring what the company creates for them, and thus successfully encourages consumers to define themselves through consumption. In this paper, it mainly discusses The Walt Disney Company’s operations and Board of Directors so as to arrive at a better understanding of the company as a whole.

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In 2012, the Media Networks segment comprised around 46% of revenues and 66% of segment operating income. In fiscal years 2013 and 2012, revenues went up 5% to approximately $20.4 billion and segment-operating income went up 3% to $6.8 billion (Mucha & Singer, 2013). In 2013, this segment comprised approximately 45% of revenues and 64% of income. In fiscal years 2014 and 2013, revenues and income for the Media Networks segment increased 4% and 7%, respectively (Mucha & Singer, 2014). Additionally, according to the first quarter segment operating results for fiscal 2015 and 2014, the data illustrate that the Media Networks revenues for the quarter increased 11% to around $5.9 billion and income increased 3% to $1.5 billion (Mucha & Singer, 2015).
The major revenue contributors for this segment are Cable Networks and Broadcasting primarily driven by ABC Television, ESPN and the worldwide Disney Channels. Overall, the business in this segment derive the revenue predominately from fees charged to satellite, cable and telecommunications service providers and television stations affiliated with domestic broadcast television network, from the increased sale to advertisers of time in programs for advertising and from other program sales (Iger, 2014).
Theme Parks and Resorts:
The second largest revenue generator for Disney is the Parks and Resorts segment, which covers the operation of 11 theme parks and 44 resorts throughout Europe, North America and Asia-with a
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