The Walt Disney Company which is commonly known as Disney is a multinational mass media and entertainment organization that has headquarter in Burbank, California. In terms of revenue, it is the world’s second largest media company after Comcast. Founded by two brothers Walt Disney and Ray O Disney in Oct 1923 as an animation company, it has diversified its work into theme parks, television and live action film production.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Netflix was founded in August 1997 in Scotts Valley, California by Reed Hastings and Marc Randolph. It has headquarters in Los Gatos, California, U.S. It is related with movies industry.
Having started its journey as online book seller, Amazon.com now can be called as global giant in online retail business. The founder of Amazon.com, Jeff Bezos attracted towards growth of internet reach in early 1990s and started this business in Seattle in 1995. Amazon is now a fortune five hundred company.
5. Warner Bros:
Warner Bros is a division of Time Warner and headquartered in Burbank, California. It is a member of MPAA [Motion Picture Association of America]. The founders were Harry Warner, Albert Warner, Sam Warner and Jack L Warner and the company name was originated based on names of founding brothers.
6. Time Warner Cable:
Time Warner Cable is an American cable and internet company. Time Warner Cable was purchased by Charter Communications in May 18 2016. Time Warner Cable operates in 29 states in the US.
7. 21st Century Fox:
21st Century Fox, Inc is a globally celebrated name in the media industry. Earlier the company was famous as News Corporation. The company is one of the big-names of the world’s leading entertainment firms.
To conclude, the above article highlights the various competitors which compete with Walt Disney. This understanding helps to evaluate the various external business factors for any company.
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