...| The Walt Disney Company Financial Document | Analysis &Forecast | | | 2011-11-1 | Executive Summary From the analysis and calculations in the report, we forecast that in the future, Walt Disney will face more fierce competition from their rivals, like Universal, Fox; There is a lack of new impressive cartoon imagines besides these classic ones; Acquisition of Pixar in 2009 still needs the reality to check. In conclusion, our suggestion for investors is to short their stock | The Walt Disney Company Financial Document The Walt Disney Company (NYSE: DIS) (commonly referred to as Disney) is the largest media conglomerate in the world in terms of revenue. Founded on October 16, 1923, by Walt and Roy Disney as the Disney Brothers Cartoon Studio, Walt Disney Productions established itself as a leader in the American animation industry before diversifying into live-action film production, television, and travel. The company is best known for the products of its film studio, the Walt Disney Motion Pictures Group, and it is one of the largest and best-known studios in Hollywood today. Disney also owns and operates the ABC broadcast television network; cable television networks such as Disney Channel, ESPN, and ABC Family; publishing, merchandising, and theatre divisions; and owns and licenses 14 theme parks around the world. The company has been a component of the Dow Jones Industrial...
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... Walt Disney Company Financial Analysis Managerial Finance BUSA 302 Dr. Frederick Wolf May 24, 2007 Completed By: Shanna Baumgarten Michaela Baylous Laura Buckner Kari Gurtel Table of Contents: • Executive Summary . . . 3 • Background . . . 3 • Financial Statement Analysis . . . 5 o Balance Sheet . . . 5 o Income Statement . . . 8 o Cash Flow Statement . . . 9 • Ratio Analysis . . . 10 o Liquidity . . . 10 o Profitability . . . 12 o Activity . . . 12 o Leverage . . . 14 o Valuation . . . 15 • Sales Forecast . . . 15 o Projected Sales . . . 15 o Forecast Earnings . . . 17 o Pro Forma Statement . . . 17 o Sustainable Growth . . . 18 • Risk Assessment . . . 19 o Economic Conditions . . .20 o Changes in Consumer Demand & Preferences . . . 20 o Changes in Regulation . . . 21 o Intellectual Property Rights . . . 21 o Employee Costs . . . 21 o Pixar . . . 22 o Interest Rates . . . 22 o Foreign Exchange Rates . . . 22 o Restrictions on Trade . . . 23 o Taxes . . . 23 • Financial Restructuring . . . 23 • Recommendations to Management . . . 23 • References . . . 26 • Appendix . . . 27 Executive Summary: The Walt Disney Company Financial Analysis details the finances at The Walt Disney Company...
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...Trial Assignment Name Institution Date Trial Assignment PART 1 Disney organization is the world’s best entertainment organization owing to several factors. This organization affects the lives of most Americans and people around the world through their films, theme parks and resorts. The company has been a key player in the film industry through its animations and other children’s films, this level of growth and identity comes with great wealth and financial strength to an organization like Walt Disney (Silverman, 2008). The financial security at Disney originates from several factors that the management considers as the pillars of driving the organization to higher levels of competition. Walt Disney uses several business standards that cover ethics and compliance to maintain a competitive spirit within the growing business of entertainment. This essay will explore the role of ethics and compliance in Disney’s financial environment. Ethics and compliance at Disney has helped in improving the general outlook of the business in three main areas. The firs area is employee appreciation. Most workers at the organization work with passion and enthusiasm because of the level of transparency and trust within the organization. The company incorporates trust by availing to each staff member a copy of the Standards of Business Conducts handbook to enable their role and relationship within the organization. They stress on this by taking online training and learning on ways of...
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...Walt Disney Walt Disney was famous for being one of the founders of cartoon animation. Walt Disney was born on December 5th, 1901. He was raised a Christian by his parents, Elias Disney and Flora (Call) Disney. His family was average sized for the day, with 7 members. Walt had 3 brothers (Herbert Arthur Disney, Raymond Arnold Disney and Roy Oliver Disney) and 1 sister (Ruth Lora Disney). At the age of 23 he married Lillian Bounds and had two daughters, Diane Marie Disney and Sharon Mae Disney. Diane married Robert Borgfelt Brown and Sharon married Ronald William Millar. Walt died from lung cancer on December 15th, 1966, at the age of 65. Walt Disney was not only a famous American film producer, but a director, screenwriter, voice actor, animator, entertainer, entrepreneur, international icon and philanthropist. He was the co founder of Walt Disney with his brother, Roy Disney. Over the years, Walt had not only won 22 of 59 nominations of the academy awards but 7 Emmies. He has 2 stars dedicated to him in the Hollywood walk of fame. On average he received (US) $36 Billion in a financial year. Mickey mouse was his feature animation, but this lovable character wouldn't have been created if it wasn't for NBC studios. Walt's original main cartoon was 'Oswald the Lucky Duck', until NBC studios claimed it as their own. After Walter and Roy lost the rights to their character, they created Mickey Mouse. In 1929, silly symphonies was released. It was a short cartoon that was presented...
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...Elias Disney, established himself as a legend in the cartoon industry. His by products have become a genuine part of the American culture. Walt Disney has had a profound effect on many people and will continue to have for many years to come. In 1901, on December 5th in Chicago, Illinois, Walter Elias Disney was born to Elias and Flora Disney. Even though he loved to draw, moving to a farm near Marceline, Montana in 1906 is probably what influenced his later creations. His first drawings were creations of farm animals. At the age of sixteen his family returned to Chicago where he attended McKinley High School. His real interests were at night when he took courses at the Chicago Academy of Fine Arts. He enlisted in Military service during World War I, but was rejected because of his young age of sixteen. He then joined the Red Cross where he spent a year overseas driving an ambulance. The exterior of his ambulance was covered all over with his cartoon drawings. After World War I, he returned to Kansas City, where he began his career as an advertising cartoonist. Here, in 1920 he created and marketed his first original animated cartoons. A few years later, he perfected a new method for combining live-action and animation. In Kansas City, Missouri, Walt Disney met animator, Ub Iwerks and composer Carl Stalling, whom later became important to his future success. Unfortunately, the company that they had started soon went bankrupt. In August of 1923, Walt Disney left Kansas...
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...is active in emerging sectors like road projects, is in talks with World’s biggest theme-park operator is likely to partner in the project. | BSE | | | NSE | | Price | | | | | | | | | Also Read | | | | Related Stories | | | | News Now | | | | | - | OZ bets on Indians to triple tourism revenue | - | Plan panel, tourism ministry want 4-fold rise in sector outlay | - | F1 may turbo-charge tourism | - | Abu Dhabi tourism body eyes India after 7-city Europe tour | - | Incredible India attracts over 400,000 foreigners in June | - | ITDC posts 32% rise in sales in Q4 at Rs 105 cr | | | | | "We are in talks with the likes of Wonderland in Canada, Sentossa of Singapore, Disney and Malaysia's Genting for strategic partnership. However, we will finalise on a partner once we get the necessary approvals. We may also allow private equity players to participate," saidRajhoo Bbarot , managing director, Atlanta Ltd.The project will be spread across 3200 acres, all of which the company will buy from the Gujarat government at market price. The site identified at Suvali Beach, which has a 3.3 km stretch along the Arabian Sea coast, is located...
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...An Analysis of Gender Roles in Disney Princess Films Jasmit Singh 213749361 Traditional and Popular Culture – 1900 9.0 Susan Niazi – Tutorial 6 Whether it’s the colours they wear, the activities they engage in or how they behave, men and women are known to play different roles in society. These established gender roles “are not innate or natural but a product of society”. Children, adolescents and adults all learn gender roles through the environment they’re surrendered by. One of the many huge influencers that help shape gender roles is media. Although “there has been a lot of change over the years in terms of what is considered appropriate societal roles for men and women, this change is not reflected in contemporary film”. The ideology of mainstream media continues to focus on the males being the heads of society, which in result, shows an unequal representation of the females. From an early age, media puts an image into young minds, informing them how males and females should think, act, behave and appear. In many television shows and films, one can easily see the distinct difference between the role of a male and a female. Often films are enforcing stereotypical gender roles where the male is seen to holds more importance in society than the female. Amongst many film producing companies, Walt Disney Pictures for decades have been enforcing stereotypical gender roles in their princess films. Though it may not be outright obvious, Disney productions play a huge role in...
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...Walt Disney From Wikipedia, the free encyclopedia Walter Elias "Walt" Disney (December 5, 1901 – December 15, 1966) was an American film producer, director, screenwriter, voice actor, animator, entrepreneur,entertainer, international icon,[3] and philanthropist, well known for his influence in the field of entertainment during the 20th century. Along with his brother Roy O. Disney, he was co-founder of Walt Disney Productions, which later became one of the best-known motion picture producers in the world. The corporation is now known as The Walt Disney Company and had an annual revenue of approximately US$36 billion in the 2010 financial year.[4] Disney is particularly noted as a film producer and a popular showman, as well as an innovator in animation and theme park design. He and his staff created some of the world's most well-known fictional characters including Mickey Mouse, for whom Disney himself provided the original voice. During his lifetime he received four honorary Academy Awards and won 22 Academy Awards from a total of 59 nominations, including a record four in one year,[5] giving him more awards and nominations than any other individual in history.[6] Disney also won seven Emmy Awards and gave his name to the Disneyland and Walt Disney World Resorttheme parks in the U.S., as well as the international resorts Tokyo Disney Resort, Disneyland Paris, and Hong Kong Disneyland. The year after his December 15, 1966 death from lung cancer in Burbank, California, construction...
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...#14- Walt Disney Company: Pro Forma financial statements: income statement, balance sheet, cash flow statement, and applicable financial ratios with a baseline year and three years into the future. Income Statement 12/31/2014 12/31/2015 Percent Change Revenues $48,813,000 $52,465,000 1 7.48% Cost of Goods Sold 26,420,000 28,364,000 1 7.36% Gross Profit 22,393,000 24,101,000 1 7.63% Operating Expenses 37,378,000 39,294,000 1 5.13% EBIT (14,985,000) (15,193,000) 1 1.39% Interest Expense - - ####### #VALUE! EBT 12,246,000 13,868,000 1 13.25% Tax 4,242,000 5,016,000 1 18.25% Non-Recurring Events 140,000 53,000 -1 -62.14% Net Income 8,144,000 8,905,000 1 9.34% Balance Sheet 12/31/2014 12/31/2015 Percent Change Assets Cash and Equivalents $3,421,000 $4,269,000 1 25% Accounts Receivable 8,319,000 8,786,000 1 6% Inventory 1,574,000 1,571,000 -1 0% Other Current Assets 1,855,000 2,132,000 1 15% Total Current Assets 15,169,000 16,758,000 1 10% Property Plant & Equipment 47,054,000 50,023,000 1 6% Goodwill 27,881,000 27,826,000 -1 0% Intangibles 12,759,000 13,355,000 1 5% Other Long-Term Assets 857,000 832,000 -1 -3% Total Assets 84,186,000 88,182,000 1 5% Liabilities Accounts Payable 5,371,000 5,504,000 1 2% Other Current Liabilities 3,988,000 4,470,000 1 12% Total Current Liabilities 13,292,000 16,334,000 1 23% Long-Term Debt 12...
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...he 1964 world première of “Mary Poppins” was held at Grauman’s Chinese Theatre in Hollywood, and it was the kind of spectacle for which the Disney organization had become famous. Throngs of screaming fans were greeted by Mickey Mouse, Goofy, Snow White and the dwarfs, as well as by entertainers who gestured toward the movie’s Edwardian setting: a twelve-piece pearly band, chimney-sweep dancers, valets dressed as bobbies, and a bevy of pretty Disneyland hostesses, whose traditional uniforms (kilts and black velvet riding helmets) suggested a general Englishness. Hollywood luminaries arrived in chauffeured automobiles, the women in ball gowns and mink stoles (Angie Dickinson, Maureen O’Hara, Suzanne Pleshette), the men wearing dinner jackets (Edward G. Robinson, Cesar Romero, Buddy Ebsen). The arrival of the movie’s principals aroused muted excitement: Julie Andrews, who played Mary Poppins, had never appeared in a movie before, and Dick Van Dyke—the chimney sweep Bert—became much better known after the film’s release. Then Walt Disney himself arrived, stepping out of a stretch limousine and gallantly reaching a hand into the car to help his wife, Lillian, onto the pavement. Disney was by then immensely famous, appearing on his own television show every Sunday night. He had carefully engineered his entrance: when his car pulled up, the Disney characters mobbed it, and soon afterward clouds of balloons were released into the air. Inside the packed twelve-hundred-seat theatre,...
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...In the Disney movie Up, a young boy scout named Russell meets an elderly, adventurous man named Carl. While Russell was trying earn to get his Assisting the Elderly badge Carl decides to embark an trip to South Africa he had been planning for years. The pair now has to learn how to get along, overcome the obstacles they face and most importantly bridge the age gap between them(Docter). Throughout this trip Russell's perspective of the elderly changes dramatically and he has a new found respect. The way America treats their elderly people varies greatly from other countries. In America we treat the elderly as if they are disposable. Instead of taking our mothers and fathers into our home to take care of them, we place them in retirement communities and nursing homes. Most nursing homes are filled with horrific stories. It is a known fact that nursing homes are understaffed. Our loved ones do not get the proper treatment they deserve and ninety percent of nursing homes fail federal inspections for health and safety (Henslin, 384). Elder abuse usually goes hand in hand with nursing homes but it can also take place in the family's home. Elder abuse includes mental, physical, sexual and financial abuse. In other countries like China it is a son's duty to take care of this mother. The elderly mother will live in the biggest room of her sons' house, he will cook her special meals and take her to her medical appointments. This is how the elderly should be treated. In China elderly...
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...Theme Park Development Costs: Initial Investment Cost Per First Year Attendee – A Historic Benchmarking Study Kelly T. Kaak Rosen College of Hospitality Management University of Central Florida ABSTRACT There is an industry “rule of thumb” that when planning for the construction of a theme park, developers should anticipate investing $100 per expected first-year guest. In other words, if the goal is to attract a million paying guests per year, the total investment needs to equal $100,000,000. This ratio is quite common in the literature, but it has never been investigated formally. This study collected the initial investment costs of 52 parks built in the United States, converted that investment into modern dollars, and then divided that dollar cost by the first-year attendance figures. The overall mean or average among the subject parks was $109.61 invested per first-year guest. This figure is very close to the industry “rule of thumb” of investing $100 in construction costs for every desired first-year guest Keywords: theme park, development costs, attendance INTRODUCTION There is an industry “rule of thumb” that when planning for the construction of a theme park, developers should anticipate investing $100 per expected first-year guest. In other words, if the goal is to attract a million paying guests per year, the total investment needs to equal $100 million. This ratio is quite common in the literature, but it has never been investigated formally. This information...
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...Running Head: Financial Analysis Financial Analysis of Walt Disney Company Brittany ACC205 Professor 17 June 2013 Throughout this paper you as my reader are going to learn about my company, what they are all about including any type of competition they may be facing. You are also going to view the financial analysis of Walt Disney Co. which will include a horizontal analysis from three consecutive years, along with a ratio analysis which will be going over the current ratio, quick ratio and the cash to current liabilities ratio from a two year-period. First off let’s discuss what a horizontal analysis is before examining the analysis of Walt Disney Co. According to our text, “a horizontal analysis can be used to compare data from within two or more periods, side by side. In other words, it is intended to show the change in certain accounts from two separate accounting periods”(Walther, 2012). A horizontal analysis is good for investors, so they can look at the companies financial standing and see how they are doing when it comes to their income, and whether or not they are worth investing into as a company. This sort of analysis is very vital when it comes to investors, it should not be the answer to their decision on whether or not they should invest in a company, but it should give them some insight as to who well a company is doing financially. When it comes to Walt Disney Co, we are going to get some background information...
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...SHANGHAI DISNEY: MILESTONE JOINT VENTURE Rita Lemoine Southern New Hampshire University Abstract This paper examines the significant collaborative efforts of both a U.S. multi-national corporation, The Walt Disney Company and its foreign socialistic counterpart, the Shanghai Shendi Group, Ltd. negotiation of an Equity International Joint Venture agreement. The paper will disclose the joint venture agreement, the financial structure, and funding arrangements for the construction of the Shanghai Disney Resort. Then a SWOT analysis will demonstrate the strengths, weaknesses, opportunities, and threats that could affect The Disney Company’s operations in China according to current economic, political, and legal policies regarding foreign joint ventures. Finally, an assessment of the cultural differences between the two companies in the form of managerial and leadership styles that could hinder the success of this joint venture. Keywords: Equity International Joint Venture, SWOT analysis, Cultural Dimensions SUMMARY OF THE WALT DISNEY COMPANY The Walt Disney Company, the leading producer of family entertainment for the past nine decades, beginning in October 16, 1923 when Walter Elias Disney “signed a contract with M.J. Winkler to produce” a series of cartoons, the early stages of The Disney Brothers Studios, founded by Walter Elias and Roy O. Disney. (Retrieved from “http://thewaltdisneycompany.com/about-disney/disney-history/1920-01-01--1929-12-31”). The...
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...project, a review of the strategic initiatives taken by The Walt Disney Company relative to organizational and operational adaptations to the changing markets. An explanation of how recent economic trends are influencing the company, strategies Disney has used or could use for adapting to the changing markets. In addition, tactics Disney has implemented or could implement to achieve their strategic goals, the role human resources management plays in helping them achieve the goals, and would I be willing to invest in this company as a mutual fund manager. How Recent Economic Trends Are Influencing Disney. Even though the economy has been in a recession for the past couple years The Walt Disney Company has been doing well and shown continued growth. The company continues to show signs of being a healthy company as indicated by their continued increase in their net income Nelson (2012) “Disney’s income for 2011 and 2010 was $4,807 and $3,963 respectively, which represents a 21.30% increase.” (p. 4). In addition, the company had a net income of $3,307 in 2009, which represents a 19.84% increase for 2010. As shown in Figure A, Disney has shown growth in all areas of its financial statements during the past three years. Over all the company has not been significantly effected by the current economic downtrun and has been able to hold its market share. Strategies Disney Has Used to Adapt to Changing Markets The Walt Disney Company has the capital to allow management to expand the...
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