Walt Disney Company : A Popular Family Tradition

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With currently operating on 6 of the continents and employing over 144,000 employees worldwide, the Walt Disney Company was founded in 1923 by Walt Disney. There are five areas under the Disney umbrella- Parks and Resorts, Media Networks, The Walt Disney Studios, Disney Consumers, and Disney Interactive. These subsidiaries range from theme parks, movies, television networks, and consumer products.
Attendance at the theme parks is up by 7 % in the final quarter of 2014 and there was an increase in revenue of 20% from parks and resorts.
In the film industry, The Walt Disney Company has proved itself as a major player with not only its classic film collection that continues to be a popular family tradition, but with the tremendous success…show more content…
In addition to the success of Frozen, for the second year in a row, The Walt Disney Company Animation won an Academy Award for best animated feature when "Big Hero 6" followed last year 's "Frozen" win. The studio 's film "Feast" also won for best animated short. Neither film is connected to the company 's Pixar unit, which Disney bought in 2006 for $7.4 billion in stock. Since then, the Disney Pixar enterprise had scooped up most animated feature Oscars (Paramount 's "Rango" won an award in 2011) with film releases including "Finding Nemo," ' 'Toy Story 3" and "Brave." (http://news.yahoo.com/disney-animators-win-oscar-2-192452753.html;_ylt=A0LEVr505PhUluIABnMnnIlQ).
This year, The Walt Disney Company used its annual shareholders meeting to announce plans for Frozen 2 (http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-walt-disney-co-announces-frozen-2-20150312-story.html). They will also release another installation of the Star Wars franchise, Star Wars: The Force Awakens on December 18th, 2015 (http://www.forbes.com/sites/scottmendelson/2015/04/02/batman-v-superman-star-wars-and-trailer-debut-musical-chairs/). We believe Disney is poised to enjoy further growth as they produce more franchises like this, which will create significant advancement in every area of the company.
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