Walt Disney : The Monopoly Of Entertainment

1177 Words May 5th, 2016 5 Pages
According to the text book a monopoly can be best described as, “an organizational structure that occurs when a single firm dominates production and distribution in a particular industry, either nationally or locally.” (Campbell, Martin, Fabos) The Walt Disney Company is one of the world’s largest media conglomerate’s which specializes in entertainment. The company overlooks, “the movie, TV, toys and theme parks business by owning six of the top ten franchises in the world.” (Disney: The Monopoly of Entertainment.) Through all of their services, The Walt Disney Company has impacted and continues to the impact the lives of both children and adults. Walter Elias Disney and his brother Roy founded The Walt Disney Company on October 16, 1923 in Los Angeles. Their journey of success began as they, “produced a series of short live-action/animated films collectively called the ALICE COMEDIES.” (The Walt Disney Studios-History) Shortly after, they relocated to Burbank, California where they headquartered. Their company has expanded tremendously, “With operations in more than forty countries, our employees and cast members work together to create entertainment experiences that are both universally and locally cherished.” (About - Leadership, Management Team, Global, History, Awards, Corporate Responsibility - The Walt Disney Company) Asia Pacific, Japan, Europe, The Middle East, Africa, and Latin America are the countries where The Walt Disney Company has…
Open Document