Walt Disney Co. (NYSE-DIS) has recently completed a US$71.3 billion acquisition of 21st Century Fox. This takeover took two years, mainly due to antitrust authorities taking a long time to approve the contracts. This agreement, according to Walt Disney Co. will bring big changes to the media environment and will create a way for the company to start their Disney Plus streaming services that the company wants to introduce later this year. These facts, including the positive outlook for the company, attracted private investors and multinational investment corporations and increased the interest in Walt Disney Co. (NYSE-DIS) shares. On May 2, 2019, at 16:37 CET it was valued at US$134.26. Since the start of 2019 NYSE-DIS’s share price has increased by + 22.71%, and about 6 weeks ago, on March 22, 2019 the NYSE traded US$108.23 per share.
Walt Disney Co. (NYSE-DIS) was founded by Walt Disney and Roy Disney on October 16, 1923 in Los Angeles, California. Its business segments include Media Networks, theme parks and resorts, interactive products and advertising consumer products. The network segment of the media includes cable, terrestrial and satellite broadcasting, distribution of television programs and radio stations. Walt Disney Co. (NYSE-DIS) also pursues activities in the area of entertainment, social events and animated films, music recordings and live theatre plays. The company owns theme parks and resorts and operates Walt Disney World Resort in Florida, which includes theme parks, hotels, restaurants, sports facilities, conference centers, campgrounds, golf courses and water sports parks. Walt Disney Co. (NYSE-DIS) also owns and operates Disneyland Resort in California, Disney Vacation Club and Disney Cruise Line. The company also operates Disneyland Resort in Paris, Disneyland Resort in Hong Kong and Disney Resort in Tokyo, Japan.
With the acquisition of 21st Century Fox, which is behind the creation of the Simpsons series and the X-Men series, Walt Disney Co. (NYSE-DIS) has attracted viewers’ attention and has become an equal competitor to companies such as Amazon and Netflix. Walt Disney Co. needs TV entertainment programs and movies to convince viewers to subscribe to other streaming services, and, through this acquisition, it has gained the position of the world’s largest independent media company. It also owns ABC and ESPN television. Thanks to the acquisition of 21st Century Fox the company will also acquire FX Networks, National Geographic and Fox’s stake in the Hulu’s streaming service.
These facts attracted private investors and multinational investment corporations to purchase Walt Disney Co. (NYSE-DIS) shares, which earned US$59.434 billion in revenue for fiscal year 2018, with an operating profit of US$15.706 billion. After deducting all costs, the company generated a net profit of US$12.598 billion. Its total assets are worth US$98.598 billion with US$52.832 billion in equity. The company employs 201,000 core workers. Walt Disney Co. (NYSE-DIS) also pays its shareholders half-year dividends, with a dividend yield of 1.31% p.a. and the amount of the dividend was approved by the General Meeting at US$1.76 per share.