Michelle Lund, Walt Disney's granddaughter.
Overall, Disney has four key business segments, according to Forbes: media networks, parks and resorts, studio entertainment, and consumer products and interactive media. The announcement sent Disney's market value up by $32 billion as shares jumped as much as 12%.
At its Investor Day in December, the company announced plans for future movies and TV shows, and said it expects to triple subscribers for its Disney Plus streaming service by 2024. In 2020, Disney reoriented its operations toward its streaming services. It got a controlling stake in streaming service In March 2019, Disney acquired Fox's entertainment business for $71 billion as part of its plan to compete with technology companies like Amazon and It announced a new streaming service, Disney+, which caused Disney shares to hit a record high, Arjun Reddy of Business Insider reported. In 2019 alone, Disney was on the upswing. GOBankingRates' Sean Dennison evaluated the company's net worth to be $130 billion based on its revenue and profits from the past three years. In 1937, Disney's first feature-length film, "Snow White and the Seven Dwarfs," debuted and became a box office hit, taking the company from being in debt to being worth millions of dollars. The two had a close relationship: Walt controlled the creative aspects of the company, while Roy ran the business side.įive years later, "Steamboat Willy" was the first media production to debut Mickey Mouse. In 1923, he cofounded the Disney Brothers Cartoon Studio, which became Walt Disney Studio, with his older brother, Roy O. But a bad business deal led to the downfall of the studio: A small theatrical company called Pictorial Clubs reportedly offered Laugh-O-Gram $11,000 for six small films, but it only gave Disney a $100 down payment before Pictoral went bankrupt. He later worked at a film ad company in Missouri, where he learned animation and went on to form his first animation studio, Laugh-O-Grams, according to the Walt Disney website. The family did not respond to a request for comment from Business Insider. The announcement sent Disney's market value up by $32 billion as shares jumped as much as 12%.įrom a family-trust-fund feud to generous philanthropic endeavors, here's a look at the three generations of the Disney family. Streaming TV shows from its studio and its Marvel, Star Wars, and Pixar subsidiaries and expects to triple subscribers for its Disney Plus streaming service by 2024. The company announced in a 2020 December Investor Day that it's rolling out dozens of movies and Roy O.'s grandson, Roy P., previously said the family owns less than 3% of the company, but assuming it is about that amount would put their fortune around $3.9 billion (not counting any investments in addition to Disney holdings).īut it's likely the company's net worth - and thus the family's net worth - will continue to grow as Disney positions itself as a major player in streaming television. While it's not known just how much the family is worth, GOBankingRates estimated the company's net worth to be $130 billion. What began as a cartoon studio is now a media powerhouse, complete with amusement parks and properties.īut for all its success, the family behind "The Happiest Place on Earth" has largely stayed out of the limelight and the business. The Walt Disney Company has come a long way since it was founded by brothers Walt and Roy O.