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The Walt Disney Company (DIS) has built a diversified empire since the 1920s and created a large number of profitable products in many markets. As the world's largest mass media conglomerate, Disney is known for its film productions and theme parks. Television controls the broadcaster's television network, with eight proprietary stations and more than 230 affiliates, as well as several cable networks including Freeform, Disney Channel and ESPN.

Walt Disney Studios, Disney Animation and Pixar produce films for Walt Disney Studios. Disney also owns Marvel Comics and Lucasfilm. These movie and merchandise markets have become their cash cow. It also has a place in tourism, including Disney Cruise Series and theme parks, Walt Disney World and Disneyland, which have been hugely popular for decades and now include foreign parks around the world.

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Disney is a media giant with numerous brands and assets.

It is because there are many competitors in many corners of the media industry.

While there is competition across all age groups, Disney has always remained flexible and engaged in competition when necessary.

Disney's competitors.

Disney faces a host of competitors in every market, with Viacom, Time Warner (TWC), 21st Century Fox, Sony (SNE), Colombia Broadcasting Corporation (CBS) and Comcast (CMCSA) among its main competitors. These companies compete with Disney products primarily through media markets such as TV, cable TV, and DVD/Blu-ray, video games, and the Internet. The growth of multichannel video programming network distributors and cable networks has increased Disney's competitive pressure. Contracts were renegotiated at some point in those markets, and fierce competition made it difficult for Disney to renew contracts on such favorable terms in the past.

Disney is also competing for a strong and lucrative sports market. It does very well on sports channel ESPN, which accounts for 24 percent of its total revenue. This is partly because of the popularity of sports channels and the popularity of programming bundles.

In the theme park market, Disney's main competitors include Six Flags, Cedar Fair, Universal Studios and Comcast. This competition has increased recently, especially as Universal has benefited from the popularity of Harry Potter books and movies. Universal Studios Orlando opened Harry Potter theme parks in Orlando and Hollywood, boosting attendance.

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Disney's studio business continues to innovate, often as evidenced by its profits. Disney produces a range of consumer goods involving licensing, publishing and retail, and thus competes with other suppliers in these areas. However, according to market realists, Disney considers it the world's largest licensor of character-based merchandise.

Disney and Fox have made headlines recently. Disney has reportedly been in talks with 21st Century Fox to acquire some of Fox's assets, particularly its film studio and streaming service Hulu, in order to create a competitor for Netflix. On March 20, 2019, Disney officially acquired all of 21st Century Fox's media assets for $71.3 billion, making Disney the largest media giant on the planet.

According to its quarterly report for the fourth quarter of 2018, Disney's revenue grew a staggering 50% year-over-year. Disney said the growth was driven by "special performances" from "Black Panther,""Star Wars: The Last Jedi,""Avengers: Infinity War" and "Incredible War." Disney's profits do fluctuate, partly because of seasonality and timing, and still exist in a large number of industries at the time of release, which is what most people recognize when they think of animated films and theme parks.

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