Nov
01
1997

Disney

(From "The Global Media Giants," by Robert W. McChesney, Extra!, November/December 1997) $24 billion - 1997 sales Disney is the closest challenger to Time Warner for the status of world's largest media firm. In the early 1990s, Disney successfully shifted its emphasis from its theme parks and resorts to its film and television divisions. In 1995, Disney made the move from being a dominant global content producer to being a fully integrated media giant with the purchase of Capital Cities/ABC for $19 billion, one of the biggest acquisitions in business history. Disney now generates 31 percent of its income from […]