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Walt Disney: How Entertainment Became an Empire
25.08.2021 ANDREW BEATTIE
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Walt Disney

Walt Disney (DIS) is one of the most successful companies, in one of the most powerful sectors of any economy: entertainment. Before it became a company with a $238.9 billion market cap,1 with interests spanning the globe, Disney was more closely associated with the vision of the man after whom it was named. It was this vision that laid the groundwork for the company to become the media giant it is today.

March 20, 2019, Disney officially acquired all the media assets of 21st Century Fox for $71.3 billion, making it the largest media powerhouse on the planet.2

Pixar, Marvel, and the Star Wars empire were already a part of Disney's stable of mega-brands, but the acquisition of 21st Century Fox brings the rest of Marvel Entertainment into the Mouse's house, including the X-Men, Fantastic Four, and Deadpool franchises. The deal also gave Disney former Fox television networks such as FX Networks and National Geographic, in addition to Fox's 30 percent ownership of the streaming platform Hulu, which gives Disney a controlling share of 60 percent.3 4 Disney launched its own streaming service, Disney+, in a blow to Netflix, which has licensed several key parts of the Disney library.

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