The Walt Disney Company, or simply Disney, is an American global entertainment and media company based in Burbank, California, at the Walt Disney Studios complex. The ‘Disney Brothers Cartoon Studio’ was established on October 16, 1923, by brothers Walt and Roy O. Disney. Disney’s net worth was $122.18 billion in 2021, which makes it the world’s richest entertainment company. In fact, the leading entertainment corporation is involved in a variety of industries. Disney now employs more than 200,000 people.
Before extending into live-action film production, television, and theme parks, the firm established itself as a leader in the American animation sector. The Walt Disney Studios, which encompasses Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, 20th Century Animation, and Searchlight Pictures, is the company’s film studio sector.
Total revenues for the fiscal year 2021 exceeded $65 billion, according to Disney’s annual report. This was, however, a 6% drop from the previous year’s total of $69.6 billion. Disney lost $2.8 billion in net profits, compared to a net gain of $11 billion the prior year. The shares of Disney fell to a 52-week low of $79.07 per share.
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