WALT DISNEY IDENTITY CARD
Address
Walt Disney Company
500 South Buena Vista Street
Burbank, CA 91521
Tel. +1-818-5601000
Fax. +1-818-8467319
History and ownership
The company was founded in 1923 by Walt Disney and he made the first Mickey Mouse cartoon in 1928. After family rivalry, the company divided with Walt taking one part and his brother Roy taking another part. The fraternal rivalries survived their deaths (Walt in 1966 and Roy in 1971).
Later Roy Disney (WaltÕs brother RoyÕs son) and the largest stockholder, Bass Brothers ruled the company and gave the top spot to Eisner. Roy Disney has sold his stock and, as of 1990, the Sid Bass Group, of Fort Worth Texas holds the biggest chunk of stock (18%). Other relevant share holders are Columbia Insurance Co. (9%), State Farm Mutual Au (7%), National Indemnity Co. (7%).
Board of directors
Michael D. Eisner (Chief Executive officer)
Roy E. Disney (Vice Chairman)
In 1996 Michael Eisner renewed his ten year contract as follows:
Base pay: $750,000 per year
New options: 8 million shares, hypothetically worth $195,4 million.
Existing stock options:6.7 million shares, worth $358 million today.
Bonus: Varies based on financial performance, but capped at $15 million a year for the first two years.
Activities and revenues
The Walt Disney Company, together with its subsidiaries is a diversified international entertainment company with operations in three business segments: Filmed Entertainment, Theme Parks and Resorts and Consumer Products.
Filmed entertainment
The Company produces and acquires live-action and animated motion pictures for distribution to the theatrical, television and home video markets. The Company also produces original television programming for the network and first-run syndication markets. In addition, the Company provides programming for and operates The Disney Channel, a pay television programming service, and KCAL-TV, a Los Angeles, California television station.
Theme parks and resorts
The Company operates the Walt Disney World¨ destination resort in Florida and the Disneyland Park¨ and the Disneyland Hotel in California. The Company earns royalties on revenues generated by the Tokyo Disneyland theme park.
Disneyland Paris (formerly referred to as the Euro Disney Resort) is located on a 4.800-acre site at Marne-la-Valle, approximately 20 miles east of Paris, France. The project has been developed pursuant to a 1987 master agreement with French governmental authorities by Euro Disney S.C.A., a publicly held French company in which the Company holds a 39% equity interest and which is managed by a subsidiary of the Company.
Consumer products
The Company licenses the name Walt Disney, as well as the CompanyÕs characters, visual and literary properties and songs and music, to various consumer manufacturers, retailers, show promoters and publishers throughout the world. The Company also engages in direct retail distribution through The Disney Stores and consumer catalogs, and is a publisher of books, magazines and comics in the United States and Europe. In addition, the Company produces audio and computer software for all markets, as well as film and video products for the educational marketplace.
During fiscal 1994, the Company opened 59 new Disney Stores in the United States and Canada, 18 in Europe and 8 in Japan, bringing the total number to 324 as of September 30, 1994. The Company expects to open additional stores in the future in selected markets throughout the country, as well as in Japan and other Asian, European, and Latin American countries.
Total income in 1995: 18.908 million dollars
Profits: 988 million dollars
Employees: 78.000
 |
Home page |