You knew Disney was big…but did you know it was this big?
The Walt Disney Company is the largest media company in the world. According to TradingPlatforms.com, the company’s assets now total over $200 billion. (A distant second place goes to French company Vivendi, valued at roughly $42 billion. Netflix nabs third at $27 billion.)
Founded in 1923, the Walt Disney Company achieved early success in the American animation industry. The company launched several characters still iconic today, including Mickey Mouse. In the near century since then, Disney expanded exponentially. From animation, the studio moved into live-action film production, TV shows, theme parks, and more.
Disney was already the largest media company in the world before it broke the $200 billion mark. The company credits the success of Disney+ as the reason they reached this figure. After Disney+ launched in 2019, the company recorded a record year. It saw total assets increase by 97% YoY.
In fact, the Walt Disney Company’s assets total so much, it ranks #15 by market capitalization on the S&P 500.
And with Disney+’s commitment to mega-franchises like Marvel and Star Wars, it seems like we can expect the company’s value to continue to climb.
So, are you surprised to see Disney at the top of the rankings? Does $200 billion blow your mind? Let us know in the comments.
Meanwhile, check back to THS for more industry updates.
Source: Trading Platforms
