The Walt Disney Company, commonly known as Walt Disney or simply Disney is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios in Burbank, California.
The Walt Disney Company has been expanding its media empire, has been acquiring various entertainment studios and businesses in recent decades. Does Disney want to dominate the entertainment industry?
Media Currently Owned by Disney
As a part of the FOX deal, Disney acquired, Fox Family and Fox Animation, Twentieth Century Fox, Fox Searchlight Pictures, and Fox 2000 Pictures; Fox’s television creative units, Twentieth Century Fox Television, FX Productions, and Fox21; FX Networks; National Geographic Partners; Fox Networks Group International; Star India; as well as the company’s stake in Hulu, Tata Sky, and Endemol Shine Group shows.
In addition to FOX, Disney also owns Marvel, Lucasfilm, and Pixar, along with a variety of other smaller brands. Disney’s portfolio also includes. ESPN, Touchstone Pictures, A&E, The History Channel, Lifetime, Hollywood Records, and Vice Media. This is on top of the already extremely lucrative Disney businesses, which include Disney films, the television brand as well as the stores, theme parks, and merchandise.
Fight for Better Conditions of Disney Employees
The Disney family has not been involved in running the company since Roy E. Disney stepped down from the board in 2003. Last month, heiress Abigail Disney, a granddaughter of Roy O. Disney, sparked controversy after criticizing the company for paying its employees such low wages. Abigail Disney called attention to the extreme disparity between the pay of the workers and that of the CEO. She mentioned this problematics in a controversial article “It’s time to call out my family’s company — and anyone else rich off their workers’ backs” in The Washington Post. Abigail Disney she is engaged in charity and philanthropy.
Disney has made historic investments to expand the earning potential and upward mobility of their workers, implementing a starting hourly wage of $15 at Disneyland that’s double the federal minimum wage.
There were actually hundreds of corporations that made up the US media before the First World War. In the early 1980s, there were over 50 corporations which controlled all of the news media in America. Nowadays, it looks the media have been merging into monopolies that affect, inter alia, the social and political spheres.
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