How the Walt Disney Company Makes Most of Its Money
The Walt Disney Company (NYSE: DIS) is well known for its movies and theme parks. It consistently puts out the highest-grossing blockbusters. It took four of the top five spots for highest-grossing films last year, and it has two of the top three so far this year. Its theme parks typically see rising attendance numbers every year. This past year, attendance took a step back after Disney changed its ticketing policy to increase rates during peak periods. That translated into higher operating profits, which climbed 18% in the third quarter.
However, Walt Disney doesn't make most of its money from either its film studio or theme parks. In fact, its biggest breadwinner is its television business. Media Networks accounted for nearly half of Disney's operating profit last year, and about 45% of operating profit in 2017 so far.
Image source: ESPN.
Source: Fool.com
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