The Walt Disney Company, commonly known as Disney (/ˈdɪzni/), is an American multinational mass media and entertainment conglomerate that is headquartered at the Walt Disney Studios complex in Burbank, California.
Do shareholders know that The Walt Disney Company is engaged in a joint venture with the Chinese Communist Party that allows for the operation of the Shanghai Disney Resort? And it's not an equal split, by the way. Instead, the CCP has 57% ownership while Disney holds only 43% ownership.
The Walt Disney Company owns 43 percent of the resort; the majority 57 percent is held by Shanghai Shendi Group, a joint venture of three companies owned by the Shanghai government.
In addition to the attractions and two hotels, a high-speed rail system is being built to get visitors to and from the site. Disney owns 43% of the property, and the state-controlled Shanghai Shendi Group owns the remaining 57%.
Disney will work with the China Animation Group and Tencent to foster local content across mediums, including television, motion pictures and digital platforms, for distribution in China and internationally. Tencent, one of China's largest Internet service portals, will provide online marketing support.
Hong Kong SAR or HKSAR), is a city and a special administrative region in China. With 7.4 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated territories in the world.
Disney's most profitable area
Disney's media and entertainment division generated a significant portion of its total revenue at 55 billion U.S. dollars in 2022. This segment includes television and cable channels, as well as streaming service Disney+, amongst others.
The Walt Disney Company's highest paid executives include: Alan N. Braverman $11,118,951 and Kevin A. Mayer $10,125,349. Comparably has 1 executive salary records from The Walt Disney Company employees including job titles like VP of Engineering, VP of Business Development, and VP of Marketing.
Abigail's brother, Roy P., said in an interview that by 1960, Walt and Roy O. owned about 20% of the company. Today, the family owns less than 3% of the company. Roy P. is an investor, according to the interview.
Disney is owned by many shareholders, as it's a publicly traded company. According to CNN Business News, the Vanguard Group, Inc. is the largest shareholder of Walt Disney Co.
Fact: TikTok's parent company ByteDance Ltd. was founded by Chinese entrepreneurs, but today, roughly sixty percent of the company is beneficially owned by global institutional investors such as Carlyle Group, General Atlantic, and Susquehanna International Group.
While it wasn't the first Disney resort to appear in Asia, it is the first in China. And Hong Kong Disneyland is home to plenty of truly unique attractions, entertainment, and experiences that you won't find at other resorts or theme parks.
By 2009, the Chinese government was finally on board. It took a 57 percent stake in the Shanghai resort, which includes revenue from hotels, restaurants and merchandise sold on the grounds. Disney also gave the government a 30 percent piece of the Disney management company that runs the property.
Those "few scene changes" have not been without controversy, either. Disney, and other studios, have been accused of self-censoring to access the Chinese market. In 1996, Disney was banned from China over Kundun, a Martin Scorsese film featuring repression in Tibet and sympathetic to the Dalai Lama.
But who owns Disney? The Walt Disney Company is actually owned by three primary shareholders: the descendants of Walt Disney's original investors, as well as two independent publicly traded companies – Cadbury and Berkshire Hathaway.
Some do the profession part-time, making their earnings less than those who play the role full-time. On the high end, there are Disney princesses that earn up to $126,500 per year, while the majority of Disney princesses make a salary that ranges between $16,500 and $83,000 per year.
In terms of market capitalization, Apple is the largest company in the world. But where it really stands out from Disney is its free cash flow. At the end of 2022, Apple's free cash flow was over $30 billion.
In short: Disney is owned by the shareholders - which means even you can be a part owner of The Walt Disney Company!
–The Walt Disney Company (NYSE: DIS) today reported earnings for its second quarter ended April 1, 2023. Revenues for the quarter and six months grew 13% and 10%, respectively. Diluted earnings per share (EPS) from continuing operations for the quarter increased to $0.69 from $0.26 in the prior-year quarter.
Only by constantly innovating and pushing the boundaries of not just animation but also what Disney became as a business was the company able to go from a moderately successful animation studio to a complete entertainment experience – with theme parks, merchandising, cruise ships, and so forth.
Hong Kong exists as a Special Administrative Region controlled by The People's Republic of China and enjoys its own limited autonomy as defined by the Basic Law. The principle of “one country, two systems” allows for the coexistence of socialism and capitalism under “one country,” which is mainland China.
Taiwan, officially the Republic of China (ROC), is a country in East Asia. It is located at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south.
The 1984 Sino-British Joint Declaration had set the conditions under which Hong Kong was to be transferred, with China agreeing to maintain existing structures of government and economy under a principle of "one country, two systems" for a period of 50 years.