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The Mouse House managed impressive growth in fiscal 2019, with revenue increasing 17%, to $69.6 billion. Profit, however, was down 12%, partially due to consolidation costs incurred by Disney’s acquisition of 21st Century Fox and investments in the entertainment juggernaut’s latest big bet: its own streaming service. Called Disney+, it launched in November 2019. While it’s too early to call the Netflix challenger a success, the product was well-timed, launching just months before the COVID-19 pandemic forced Disney to shutter its parks and halt production on shows and films. The public has yet to see the consequences of Disney's decision to reopen its Florida park this summer as coronavirus cases grew in the state. And there’s another big question mark in Disney’s future—how its new CEO, Bob Chapek, will reposition the company post-crisis.
Lam Yik—Bloomberg/Getty Images
Lists ranking Walt Disney
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