2019 was the year for Disney, a lucrative one at that. Absolutely dominating the box office, it feels as though the company owns almost everything. What does Disneys stock show, and what exactly do they own?…Or at least have a hand in.
In March, Disney made the bold move to acquire 20th Century Fox, which bought with it, a whole library of classic movies and subsidiaries. This has contributed to Disney being on its way to lead worldwide ticket sales for the fourth year on the trot. Seven of its films have brought in at least $1 billion worldwide in 2019.
Companies owned by Disney – a condensed list
- Touchstone Pictures
- Hollywood Records
- ESPN (80% stake)
- Vice Media (10%stake)
- The History Channel (50% equity holding with Hearst Corporation)
- Lifetime (50% equity holding with Hearst Corporation)
- A&E (50% equity holding with Hearst Corporation)
The entire list is of assets is endless to incorporate into this post.
And the rest of what Disney’s been up to
Last year saw the Walt Disney Company reach record revenues, purchase a rival film studio, and launch a major streaming service, to compete directly with Netflix in respect to the future of entertainment.
Disneys stocks first big jump in 2019, came shortly after CEO Bob Iger and other executives laid out their streaming goals. A somewhat three pronged strategy: Disney+ for family and children’s shows, ESPN+ for sports, and Hulu, which has been described as targeting adult viewers.
Disney+ was launched in the US on November 12 (March 2020 for the UK), and Disney quite rightly, proudly announced that it had received 10 million sign ups in just the first day – stock jumped 7.3% the 13th.
Hit after hit isn’t the only thing that Disney had going for themselves in 2019. They have also heavily invested in its theme parks which in turn have seen record attendance – despite raising admission prices.
Disneys stock gain just goes to show what an epic year they have had, with it have risen by 31.9%. It’s crazy to think how far they have come, and what the future holds.