Ownership of Media Companies - Disney, the BBC and The Bath Chronicle

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Ownership

“We have no obligation to make history. We have no obligation to make art. We have no obligation to make a statement. To make money is our only objective.” Michael Eisner, CEO, The Walt Disney Co

       

Ownership in the media

By Melissa Pope

Ownership

Disney ownership

Disney

Disney’s a pubic company and is also a conglomerate it has a net income of around $4.555 billion and has share’s of 1.856 billion. As Disney is publicly owned it means that their disadvantage is  that they have to follow many people or a charter like the BBC. They also have an disadvantage with limited liability as they are personal labially. Public companies also means they have another disadvantage as they have higher costs for the government which means they have higher taxes.  Mainly they do have to share financial documents with the public which also means that competition does get to see there documents. Finally being a public company you dot have to ask lots of shareholders what they think. On the other hand the advantages could be that it provides more jobs. They have to provide a service for the whole country. 

           

Disney ventures

Disney has many business venture’s and own many companies including 9 walt Disney picture companies for example Touchstone, 5 Disney music companies, Television channels, cable networks, ESPN, Disney interactive groups, holidays and theme parks. Disney are making so many things and spreading their wings into so many different business. With all these business’s it help’s Disney have a massive vertical integration.

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Disney is well renowned for it’s classical movies and recent movies from the likes of Snow White and Cinderella to Tangled and Princess and the frog. Disney also want’s to travel into different countries and they do this by making cultural movies and having Disney holidays, theme parks and cruises. Whilst Disney make’s many movies we love they have also been criticized for being sexist, ageism and sometimes racist, for example the villain is always old and the princess always being a type of housewife, for example Snow White cleaning the house. In films like Aladdin a song featured in ...

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