From Mickey Mouse to global media powerhouse
Walt Disney has been a trailblazer in the animation industry for almost a century. Initially founded as a cartoon studio in the 1920s, The Walt Disney Company has grown and diversified at a large scale, now encompassing an impressive mix of global media networks, consumer products, parks, and resorts.In 2022, the global revenue of The Walt Disney Company stood at over 80 billion U.S. dollars, marking the second-most profitable year in company history. Looking at Disney’s revenue distribution by segment, the newly restructured Media and Entertainment Distribution division (which includes linear networks, direct-to-consumer services, content sales, and licensing) accounted for the lion’s share of earnings. Over the past few decades, the list of Disney-owned properties has rapidly expanded, and today, the House of Mouse is home to television networks and streaming services such as ABC, ESPN, National Geographic, and Hulu. As for the Walt Disney Studios division, the company’s beating heart, the acquisitions of Pixar, Marvel Studios, and Lucasfilm continue to put Disney on top of the movie charts. As a case in point, the “Avengers” and “Star Wars” franchises feature some of the most successful movies of all time.