Walt Disney, a name that would forever be in the history, was born on 5 Dec., 1991 in Chicago. He was a very creative child and he started selling his creative paintings to his neighbors. He started his company name Laugh-O-Gram which went bankrupt later during Alice Wonderland project. He went through a lot of hard-work. Disneyland started on 17 July, 1955.
Not only we have spent our childhood while watching the movies made by Disney but we have been spending our current time while watching the movies made by Disney which are making everyone crazy all over the world.
Have you heard of the name of the movies like Black Panther and Avengers: Infinity war?
Of course, you would have, after all who doesn’t?
These movies are made by the Disney itself. They have a very higher market share in comparison to other studio. Disney has been growing like crazy over the past few years. In the recent years, Disney’s revenue has grown so much. In 1993, they bought up like$8.5 billion and in 2020, it went up to $65 billion.
Isn’t it amazing?
Disney is 8.5 times bigger than they were 25 years before. A big part of their growth can be assumed from their strategic acquisitions. One of them was of $71 billion acquisition involving Fox’s assets that was finalized in March, 2019.
In 1993, Disney bought Miramax, a movie company, for $60 million and really turned them into something. After running it for 17 years, they decided to sell in 2010. They ended up selling it for 660 million dollars.
In 1995, Disney spent $19 billion for Capital Cities. Capital cities had bought the TV network called ABC who was already the owner of ESPN. In 2001, Disney acquired Fox Family for about $2.9 billion. They quickly renamed it as ABC Family. In 2004, they bought Pixar for $7.4 billion, at that point Pixar had yet to create anything that could blow up the audience’s mind. In 2009, they bought Marvel for $4 billion and this acquisition is being continued to talk about the people. But before the acquisition, Marvel already sold a lot of character like Spider-man but Disney did get some good ones. In February 2015, Disney, Marvel Studios, and Sony made a deal to share the Spider-Man film rights. In 2012, Disney paid $4 billion dollars to buy Lucasfilm which is the owner of the Star Wars franchise.
Disney will continue to be dominant in the movie and streaming industry and would provide us with some marvellous movies in upcoming years.