The Big Picture The Walt Disney Company is one of the largest entertainment companies to exist. Since Walt Disney founded the company nearly 100 years ago in October 1923, it has grown into one of the largest entertainment and media companies in the world. Disney not only runs and owns theme parks, but it’s also an entertainment institution that produces and distributes movies, television shows, and other various content, such as music and radio.
ABC, ESPN, and Other TV Networks Disney Owns The American Broadcasting Company and The Walt Disney Company have a longstanding relationship going back to the 1950s and the days of Walt Disney. In 1954, Walt Disney agreed to produce a regular television series for the network, and in return, ABC made an investment in the Disneyland theme park. ABC made a $500,000 investment and a guarantee of an additional $4.5 million in loans, which in turn made ABC one-third owner of Disneyland at the time.
With Eisner gone and Disney under new leadership, Iger was able to mend fences between Disney and Pixar. In May 2006, Disney announced the $7.4 billion acquisition of Pixar. The new deal made Jobs a director on Disney’s board, and Pixar would continue producing a number of hit award-winning films released by Disney Studios for years to come. It also gave Bob Iger the first of many big acquisition victories that came under his tenure as Disney CEO.
Since Disney already had a minority stake of 30% in Hulu at the time of the purchase, Disney’s acquisition of Fox’s entertainment assets granted Disney a controlling 60% ownership of the Hulu streaming service. Comcast still has a minority ownership of Hulu. In 2024, Comcast will have the "put option" to require Disney to take over its current stake in Hulu, while Disney has the option to tell Comcast to sell the stake.
Disney Has Majority Ownership of National Geographic Partners LLC Disney now has majority ownership of National Graphic, or as it is known under its official business name, National Geographic Partners, LLC. In case you are wondering why National Geographic documentaries are available now on Disney+, this was the result of Disney’s acquisition of 21st Century Fox in 2019.
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