The Walt Disney Company
Industry: Broadcasting & Cable TV

The Walt Disney Company has operations in five key businesses: Media Networks, Studio Entertainment, Parks and Resorts, Consumer Products and Walt Disney Internet Group.

Business Summary
The Walt Disney Company, along with its subsidiaries, is a diversified worldwide entertainment company with operations in four business segments: Media Networks, Parks and Resorts, Studio Entertainment and Consumer Products. The Media Networks segment is comprised of television broadcast, radio and cable operations.The businesses in the Parks and Resorts segment generate revenues predominately from the sale of admissions to the theme parks, room nights at the hotel and rentals at the resort properties. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, animated direct-to-video programming, musical recordings and live stage plays. The Consumer Products segment partners with licensees, manufacturers, publishers and retailers throughout the world to design, promote and sell a wide variety of products based on existing and new Disney characters and other intellectual property.

Financial Summary
The Walt Disney Company is a diversified worldwide entertainment company, operating in four segments: Media Networks, Parks and Resorts, Studio Entertainment and Consumer Products. For the 9 months ended 7/02/05, revenues rose 4% to $24.21B. Net income increased 24% to $2.27B. Results reflect strong growth in worldwide home entertainment, higher affiliate revenue, and improved operating margins and lower debt levels.