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2019 Vault Rankings

At a Glance


Reputation for great customer and employee experience

Most well-known names in entertainment and amusement


Large company with some corporate politics

The Bottom Line

Great company to do business with as a customer and work for as an employee

About Twdc Enterprises 18 Corp.

The monarch of this magic kingdom is no man but a mouse: Mickey Mouse. The Walt Disney Company is the world's largest media conglomerate, with assets encompassing movies, television, publishing, and theme parks. Its Disney/ABC Television Group includes the ABC television network and almost ten television stations, as well as a portfolio of cable networks including ABC Family, Disney Channel, and ESPN (80%-owned). Walt Disney Studios produces films through imprints Walt Disney Pictures, Disney Animation, and Pixar. It also owns Marvel Entertainment and Lucasfilm, two extremely successful film producers. In addition, Walt Disney Parks and Resorts runs its popular theme parks including Walt Disney World and Disneyland.


The company reports through four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products and Interactive Media.

Media Networks is the largest segment, representing more than 40% of revenue, and operates cable and broadcast television networks and radio networks and stations. Its main cable networks are ESPN, Disney, and Freeform (Freeform, targets audiences from 14-34). The broadcasting business includes television production and distribution operations and eight owned domestic television stations.

Parks and Resorts (around 35%) owns and operates the Walt Disney World Resort in Florida, the Disneyland Resort in California, Disneyland Paris; Aulani, a Disney resort and spa in Hawaii, the Disney Vacation Club (DVC), the Disney Cruise Line, and Adventures by Disney. The company also has effective ownership in Disney-branded resorts in China and Japan. This segment operates the Disney Imagineering unit, which designs and develops new theme park concepts and attractions.

Studio Entertainment (more than 15%) produces and acquires live-action and animated motion pictures for worldwide distribution to the theatrical, home entertainment, and television markets. It distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm, and Touchstone banners. It also distributes live-action films produced by DreamWorks Studios released from 2010 through 2016.

Consumer Products and Interactive Media (nearly 10%) licenses its trade names, characters, and visual and literary properties to various retailers and publishers throughout the world. The company also engages in retail, online, and wholesale distribution of products through nearly 360 Disney Stores,,, and It also creates and distributes branded entertainment and lifestyle content for interactive media platforms.

Geographic Reach

In addition to its theme parks, The Walt Disney Company owns and leases properties throughout the world. It generates more than 75% of its revenue from the US and Canada followed by Europe (more than 10%), Asia Pacific (nearly 10%), and the remaining revenue from Latin America and other regions.

Sales and Marketing

Disney incurs significant marketing and advertising costs before and throughout the theatrical release of its films in an effort to generate publicity and consumer interest in the subsequent home entertainment market. The company spends close to $3 billion in advertising each year.

Financial Performance

The company's net revenue has been increasing steadily over the past several years with a minor 1% dip in 2017 primarily due to the negative effects of Hurricanes Irma and Matthew. 

In fiscal 2018 (ended September 29), Disney's net revenue jumped by 8% to $52.47 billion, driven by double-digit growth in Parks and Resorts and Studio Entertainment. Parks and Resorts went up 10% contributing $1.9 billion to revenue. This was fueled by higher volumes alongside higher average guest spending and higher ticket prices and room rates. Studio Entertainment revenue increased 19% with the theatrical distribution division releasing four Marvel titles in 2018 (compared with two the previous year), Star Wars: The Last Jedi, Incredibles 2, and Coco.

Net income saw a 40% hike in 2018 to $12.6 billion, mainly due to higher net revenues. The increase was also bolstered by a $2.1 billion tax benefit due to the Tax Cuts and Jobs Act of 2017.

Cash at the end of fiscal 2018 was $4.2 billion, an increase of $91 million from the prior year. Cash from operations contributed $14.3 billion to the coffers, while investing activities used $5.3 billion, primarily for investments in parks and resorts and acquisitions. Financing activities used another $8.8 billion for dividends to stockholders and the company's stock repurchase program.


The Walt Disney Company is currently focused on completing its acquisition of Twenty-First Century Fox and further developing its direct-to-consumer (DTC) business. The intellectual property gained through the Twenty-First Century Fox acquisition will allow Disney to expand its content across new streaming services.

The company's acquisition of BAMTech—along with its streaming technology—in 2017 facilitated the launch of Disney's ESPN+ sports streaming service that includes boxing, major league baseball, the NHL, international soccer, and college sports games. The company is also developing a DTC streaming service, Disney+, that is scheduled to launch in the U.S. in late 2019. Disney+ will offer Disney, Pixar, Marvel and Lucasfilm movies released theatrically after calendar 2018. It will also feature exclusive original series and movies, along with titles and episodes from the company's film and television libraries.

Mergers and Acquisitions

In 2019 Disney completed the acquisition of certain assets of Twenty-First Century Fox for $71.3 billion. Disney will control 20th Century Fox studios, FX Networks, and National Geographic Partners. The buy will also add Fox's 30% stake in Hulu, bringing Disney's total to a majority 60%. Twenty-First Century Fox will retain its news and sports assets. The deal should provide a platform for Disney to launch a streaming service to rival Netflix.

In 2017 Disney agreed to acquire an additional 42% stake (previously 33%) in BAMTech, a global company offering direct-to-consumer (DTC) streaming technology and marketing services, data analytics, and commerce management. The $1.6 billion acquisition is allowing Disney to launch new DTC services, which mark an entirely new growth strategy for the company. 

Company Background

After getting started as an illustrator in Kansas City, Walt Disney and his brother Roy started Disney Brothers Studio in Hollywood, California, in 1923. Walt directed the first Mickey Mouse cartoon, Plane Crazy, in 1928 (the third, Steamboat Willie, was the first cartoon with a soundtrack). The studio produced its first animated feature film, Snow White and the Seven Dwarfs, in 1937. Walt Disney Productions went public in 1940 and later produced classics such as Fantasia and Pinocchio. The Disneyland theme park opened in 1955. Disney World opened in Florida in 1971 with the addition of Epcot Center in 1982. 

The company later launched The Disney Channel and opened new theme parks, including Tokyo Disneyland (1984) and Disney-MGM Studios (1989; eventually renamed Hollywood Studios). In 1986 the company changed its name to The Walt Disney Company. The Disney Store retail chain debuted in 1987. Disneyland Paris (originally Euro Disney) opened in 1992. The following year Disney expanded its movie studio with the purchase of independent film company Miramax, the brainchild of producers Bob and Harvey Weinstein.

Disney bought Capital Cities/ABC (now ABC, Inc.) for $19 billion in 1996, and two years later it bought Web services firm Starwave from Microsoft co-founder Paul Allen. It later acquired 43% of Internet search engine Infoseek for $70 million, and together they launched the GO Network in 1999. Disney bought the remaining 57% of Infoseek later that year and formed (later Disney Online), which began trading as a separate tracking stock.

The company expanded its theme parks in Anaheim in 2001, opening Downtown Disney and Disney's California Adventure. It also announced a further restructuring of its Internet business, including closing the search site and converting its Internet tracking stock back into Disney common stock. That year Disney formed a joint venture with Wenner Media (US Weekly LLC) and took a 50% stake in entertainment magazine US Weekly (sold in 2006). Later Disney bought Fox Family Channel, which it renamed ABC Family.

Expected to close in the first half of 2019, Disney's more than $50 billion acquisition of Twenty-First Century Fox will give the conglomerate control of the Marvel, X Men and Star Wars franchises.

Twdc Enterprises 18 Corp.

500 S Buena Vista St
Burbank, CA 91521-0001
Phone: 1 (818) 560-1000

Firm Stats

Employer Type: Privately Owned
Chairman, Walt Disney International: Andy Bird
Chairman, The Walt Disney Studios: Alan Horn
Co-chair, Disney Media Networks And President, Disney/abc Television Group: Ben Sherwood
Employees (This Location): 170
Employees (All Locations): 199,000

Major Office Locations

Burbank, CA

Other Locations

Homewood, AL
Bentonville, AR
Chandler, AZ
Gilbert, AZ
Glendale, AZ
Scottsdale, AZ
Tempe, AZ
Tucson, AZ
Anaheim, CA
Arcadia, CA
Brea, CA
Burbank, CA
Camarillo, CA
Carlsbad, CA
Cerritos, CA
Chico, CA
Daly City, CA
El Cajon, CA
Fairfield, CA
Fresno, CA
Fullerton, CA
Glendale, CA
Huntington Beach, CA
Livermore, CA
Los Angeles, CA
Modesto, CA
Montclair, CA
Montebello, CA
National City, CA
Newark, CA
Northridge, CA
Orange, CA
Riverside, CA
Sacramento, CA
Salinas, CA
San Bernardino, CA
San Diego, CA
San Francisco, CA
San Rafael, CA
Santa Ana, CA
Santa Clara, CA
Santa Clarita, CA
Santa Monica, CA
Santa Rosa, CA
Temecula, CA
Thousand Oaks, CA
Torrance, CA
Valencia, CA
Ventura, CA
West Covina, CA
Broomfield, CO
New London, CT
Washington, DC
Newark, DE
Wilmington, DE
Brandon, FL
Celebration, FL
Clearwater, FL
Coral Gables, FL
Coral Springs, FL
Fort Myers, FL
Kissimmee, FL
Lake Buena Vista, FL
Lutz, FL
Miami, FL
Montverde, FL
Orlando, FL
Pembroke Pines, FL
Vero Beach, FL
Alpharetta, GA
Atlanta, GA
Kennesaw, GA
Honolulu, HI
Kapolei, HI
Aurora, IL
Chicago, IL
Chicago Ridge, IL
Fults, IL
Gurnee, IL
Oak Brook, IL
Orland Park, IL
Schaumburg, IL
Indianapolis, IN
Merrillville, IN
Shawnee Mission, KS
Louisville, KY
Metairie, LA
Boston, MA
Braintree, MA
Burlington, MA
Wrentham, MA
Baltimore, MD
Columbia, MD
Hanover, MD
Auburn Hills, MI
Saginaw, MI
Southfield, MI
Bloomington, MN
Branson, MO
Brooksville, MS
Tchula, MS
Concord, NC
Durham, NC
Fayetteville, NC
Raleigh, NC
Merrimack, NH
Edison, NJ
Freehold, NJ
Jackson, NJ
Margate City, NJ
Paramus, NJ
Secaucus, NJ
Trenton, NJ
Wayne, NJ
Albuquerque, NM
Las Vegas, NV
Buffalo, NY
Central Valley, NY
Elmhurst, NY
Hicksville, NY
Lake Grove, NY
Mineola, NY
New York, NY
Riverhead, NY
Staten Island, NY
Syracuse, NY
West Nyack, NY
Columbus, OH
Monroe, OH
North Olmsted, OH
Toledo, OH
Tulsa, OK
Woodburn, OR
Hershey, PA
Lancaster, PA
Langhorne, PA
North Wales, PA
Philadelphia, PA
Pittsburgh, PA
Pottstown, PA
Springfield, PA
Wayne, PA
Hilton Head Island, SC
Myrtle Beach, SC
Knoxville, TN
Memphis, TN
Nashville, TN
Sevierville, TN
Canutillo, TX
Cypress, TX
Dallas, TX
El Paso, TX
Fort Worth, TX
Frisco, TX
Grapevine, TX
Houston, TX
Laredo, TX
Mcallen, TX
Mercedes, TX
San Antonio, TX
San Marcos, TX
Sherman, TX
The Woodlands, TX
Orem, UT
Virginia Beach, VA
Woodbridge, VA
Burien, WA
Seattle, WA
Tukwila, WA
Baraboo, WI
Greendale, WI
Santiago, Chile
Beijing, China
Guangzhou, China
Bengaluru, India
Chennai, India
Mumbai, India
Navi Mumbai, India
New Delhi, India
Noida, India
Aki-Gun, Japan
Akishima, Japan
Fujisawa, Japan
Fukuoka, Japan
Funabashi, Japan
Gifu, Japan
Hachioji, Japan
Hamamatsu, Japan
Hanyu, Japan
Itami, Japan
Kashihara, Japan
Kashiwa, Japan
Kawaguchi, Japan
Kobe, Japan
Koshigaya, Japan
Kusatsu, Japan
Kyoto, Japan
Machida, Japan
Minato-Ku, Japan
Nagoya, Japan
Niigata, Japan
Nishinomiya, Japan
Numazu, Japan
Okazaki, Japan
Osaka, Japan
Saitama, Japan
Saku, Japan
Sapporo, Japan
Sendai, Japan
Shibuya-Ku, Japan
Sumida-Ku, Japan
Suzuka, Japan
Toshima-Ku, Japan
Tsuchiura, Japan
Urayasu, Japan
Utsunomiya, Japan
Yokohama, Japan
Barrie, Canada
Calgary, Canada
Dartmouth, Canada
Dieppe, Canada
Edmonton, Canada
North York, Canada
Rocky View County, Canada
Toronto, Canada
Winnipeg, Canada
Moscow, Russia
Brussel, Belgium