Disney revenue - additional information
The Walt Disney Company was founded in 1923, by brothers Walt Disney and Roy O. Disney under the name Disney Brothers Cartoon Studio, a small animation company based in Los Angeles, California. Success only came a few years later, in 1928, when the brothers released Steamboat Willie, the third cartoon to feature Mickey Mouse and one of the first cartoons in the United States to feature synchronized sound. In 1929 the company started to expand its divisions and, with global revenues totaling close to 50 billion U.S. dollars as of 2014, it is presently the second largest broadcasting and cable company in the world. Although it is famous around the world, North America is the company’s most profitable market, with an operating income of 9.6 billion U.S. dollars in 2014 alone.
Disney’s operations are currently divided into five distinct segments: Studio Entertainment, Parks and Resorts, Disney Consumer Products, Media Networks, and Disney Interactive. The studio entertainment segment is not the company’s largest division, but the one that is mostly associated with the Disney name around the world. The division’s primary business unit, The Walt Disney Studios, is further divided into film, recording label, and theatrical divisions. Disney also owns The Muppets Studio, the highly successful Pixar Animation Studios and Marvel Entertainment, as well as George Lucas’ Lucasfilm, which was acquired in 2012. In 2014, Disney’s box-office revenue reached 7.3 billion U.S. dollars and the company’s theatrical productions (many of which were released under the now-retired Buena Vista brand) accounted for 15.6 percent of all earnings at the box office in North America.