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Talia Lakritz
2020-01-28T16:26:16Z
- The Walt Disney Company is a massive corporate enterprise and media empire.
- ESPN, ABC, Lifetime, History, A&E, and FX are owned by Disney.
- Marvel Studios and Lucasfilm are both Disney-owned, as well.
- Visit Insider's homepage for more stories.
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Ever since The Walt Disney Companywas founded in 1923, it has steadily been adding other companies and brands to its roster. Today, Disney is worth an estimated $130 billion and retains a staggering media empire as well as other businesses.
Here are 14 companies you might not have realized Disney owns.
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21st Century Fox was bought by Disney last year.
Disney purchased 21st Century Fox for $71 billion in 2019 as it prepared to launch its Disney Plus streaming service. They acquired Fox's productions including "The Americans," ''This Is Us," and "Modern Family."
Disney later removed "Fox" from the name of 20th Century Foxmovie production studio.
As part of that deal, Disney took ownership of National Geographic, too.
National Geographic produces magazines, television shows, books, and documentaries about nature, wildlife, and travel. Disney acquired National Geographic when it bought 21st Century Fox.
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Disney also took over FX.
FX hosts shows such as "American Horror Story," "American Crime Story," "It's Always Sunny in Philadelphia," and "Fargo." Disney gained ownership of FX when it bought 21st Century Fox.
It also owns the majority of Hulu.
Disney owned 30% of Hulu before the 21st Century Fox merger and now owns 60%. Comcast owns 30% and WarnerMedia owns the last 10%. Disney CEO Bob Iger hasn't ruled out combining Disney Plus, ESPN Plus, and Hulu into one streaming service.
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More than a decade before, Disney acquired the Muppets Studio.
Disney acquired the Muppets, along with "Bear in the Big Blue House," from The Jim Henson Company in 2004.
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Marvel joined the Disney family in 2009.
Disney bought Marvel for $4 billion in 2009. CEO Bob Iger wrote in his memoir, "The Ride of a Lifetime: Lessons Learned From 15 Years as CEO of the Walt Disney Company," that some executives initially resisted acquiring Marvel because it was "too edgy" and "would tarnish the Disney brand."
The deal seems to have worked out for Disney. The MCU has grossed over $22.5 billion worldwide over 23 movies, and "Avengers: Endgame" beat out "Avatar" to become the biggest movie of all time with $2.8 billion globally.
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Disney also bought Lucasfilm that year.
Disney paid $4 billion to acquire Lucasfilm, which includes Star Wars and Indiana Jones, in 2012. They earned the money back with "The Force Awakens," "Rogue One," and "The Last Jedi," which grossed a collective $4.06 billion at the box office.
Disney bought ABC in the '90s.
In 1996, the Walt Disney Company bought Capital Cities/ABC for $19 billion and renamed it ABC, Inc, bringing shows like "Grey's Anatomy," "The Bachelor," and "Dancing with the Stars" under the Disney umbrella.
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That deal meant that Disney also owns the majority of ESPN, too.
Capital Cities/ABC, Inc., which owns 80% of ESPN, was bought by Disney in 1996 for $19 billion, according to the New York Times.
Hearst Corporation owns the remaining 20% stake.
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Lifetime is part of A&E — and therefore part-owned by Disney.
Recent Lifetime movies have included "Harry and Meghan: Becoming Royal" and the docuseries "Surviving R. Kelly."
The History Channel also came as part of the A&E deal.
History is also a subsidiary of A&E with shows such as "American Pickers," "Vikings," and "Project Blue Book."
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Disney's venture capital arm invested in GoPro.
Steamboat Ventures, named for the 1928 Mickey Mouse cartoon "Steamboat Willie," invested an undisclosed amount in GoPro in 2013.
Disney Music Group, the music recording branch of the Walt Disney Studios, owns Hollywood Records.
Hollywood Records was founded in 1989 by Michael Eisner, who was CEO of Disney at the time. Artists such as Demi Lovato, Queen, and Zendaya are currently signed with the label.
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As a seasoned expert and enthusiast in media conglomerates and corporate acquisitions, it's apparent that The Walt Disney Company has evolved into a colossal enterprise with an intricate web of subsidiaries. The evidence lies in the company's extensive history of acquisitions and strategic business moves, each contributing to its current valuation of approximately $130 billion. The depth of my knowledge on this topic allows me to dissect and illuminate the myriad concepts embedded in the provided article.
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21st Century Fox Acquisition:
- Disney's acquisition of 21st Century Fox in 2019 for a staggering $71 billion was a pivotal move. This strategic acquisition aimed at bolstering Disney's content library in preparation for the launch of Disney Plus, its streaming service. The deal included renowned productions like "The Americans," "This Is Us," and "Modern Family."
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National Geographic Inclusion:
- A noteworthy aspect of the 21st Century Fox acquisition was Disney's absorption of National Geographic. This move expanded Disney's portfolio into magazines, television shows, books, and documentaries focused on nature, wildlife, and travel.
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FX Network Ownership:
- In tandem with the 21st Century Fox acquisition, Disney gained control of the FX network. FX, known for hosting popular shows like "American Horror Story" and "Fargo," further augmented Disney's influence in the television landscape.
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Hulu Majority Ownership:
- Disney's ownership of Hulu increased significantly after the 21st Century Fox merger. Initially holding 30%, Disney's stake in Hulu rose to 60%, positioning itself as a major player in the streaming industry. The possibility of integrating Disney Plus, ESPN Plus, and Hulu into a unified streaming service is under consideration.
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The Muppets Studio Acquisition:
- Well before the 21st Century Fox deal, Disney acquired The Muppets Studio in 2004, along with properties like "Bear in the Big Blue House," from The Jim Henson Company.
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Marvel and Lucasfilm Acquisitions:
- In 2009, Disney acquired Marvel for $4 billion, a move initially met with skepticism. However, the success of the Marvel Cinematic Universe (MCU) has proven the critics wrong. In 2012, Disney purchased Lucasfilm for $4 billion, gaining rights to iconic franchises like Star Wars and Indiana Jones.
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ABC and ESPN Ownership:
- Disney's purchase of Capital Cities/ABC in 1996 for $19 billion not only brought shows like "Grey's Anatomy" under its umbrella but also resulted in Disney owning 80% of ESPN. Capital Cities/ABC, Inc. was the entity acquired, with the remaining 20% owned by Hearst Corporation.
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A&E Network and Its Subsidiaries:
- The A&E deal included ownership of Lifetime and the History Channel. This broadened Disney's content offerings to include recent Lifetime movies and History Channel shows like "American Pickers" and "Vikings."
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Disney's Venture Capital Involvement:
- Beyond media, Disney's venture capital arm, Steamboat Ventures, invested in GoPro in 2013, showcasing the company's diverse interests.
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Hollywood Records Ownership:
- Disney Music Group, a branch of the Walt Disney Studios, owns Hollywood Records. Founded in 1989, Hollywood Records boasts artists such as Demi Lovato, Queen, and Zendaya.
This comprehensive overview underscores Disney's strategic prowess in building a multifaceted media empire through shrewd acquisitions and diverse business ventures.