WALT DISNEY COMPANY
Sector: Dow Jones 30 Index
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The Walt Disney Company, together with its subsidiaries, operates as a diversified entertainment company worldwide. It operates in four segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products. The Media Networks segment operates television networks that broadcast programs in dayparts; and radio networks, which produce and distribute news network programming, syndicated talk and music programs, music formats, and other programs. It also produces and distributes cable television programming; licenses programming; invests in foreign television broadcasting, production, and distribution entities; and operates Internet Web site businesses. The Parks and Resorts segment owns and operates the Walt Disney World Resort, which includes theme parks, hotels, a sports complex, conference centers, golf courses, and water parks; other recreational facilities; and Disneyland Resort. It also operates ESPN Zone facilities in the United States; Disneyland Resort Paris in France and Hong Kong Disneyland in Hong Kong; and licenses the operations of the Tokyo Disney Resort in Japan. The Studio Entertainment segment produces and acquires live-action and animated motion pictures for distribution to the theatrical, home entertainment, and television markets; and produces stage plays and musical recordings. The Consumer Products segment licenses Walt Disney characters, and visual and literary properties to manufacturers, retailers, show promoters, and publishers; and publishes books and magazines for children and families, as well as film, video, and computer software products for the educational marketplace. The company distributes its products through its Disney Stores and online. As of October 1, 2005, it owned and operated 104 stores primarily in Europe and 315 stores in North America. The company was founded in 1923 and is based in Burbank, California.