An Analysis of Disney’s Revenue during the COVID-19 Pandemic

Research Article
Open access

An Analysis of Disney’s Revenue during the COVID-19 Pandemic

Yang Xiang 1*
  • 1 University of California    
  • *corresponding author sunnyxiang@berkeley.edu
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/14/20230840
AEMPS Vol.14
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-71-3
ISBN (Online): 978-1-915371-72-0

Abstract

The COVID-19 pandemic, ever since its outbreak in 2019, has been greatly affecting all aspects of life, and businesses across the world have been hurt as a result of the pandemic and measures taken to prevent it. While Walt Disney Co. has also experienced a decline in profit in years 2020 and 2021, its revenue fluctuates only within 7%, indicating a sign of the success and sustainability of Disney’s business model. This paper will focus primarily on Disney’s two business segments: the Disney Parks, Experiences and Product (DPEP) segment, and the Disney Media and Entertainment Distribution (DMED) segment. The analysis of revenue generated by these two segments will show how the combination of the two segments manages to keep Disney sustainable, as the decrease in revenue in one will be offset by an increase in another. Moreover, the combination of the two and Disney’s reserve of countless well-known intellectual properties will prove the strength in its business model, as it successfully overcame emergencies such as the COVID-19 pandemic.

Keywords:

COVID-19, Disney, entertainment industry

Xiang,Y. (2023). An Analysis of Disney’s Revenue during the COVID-19 Pandemic. Advances in Economics, Management and Political Sciences,14,372-378.
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References

[1]. Walt Disney Corporation. (2020). Annual Report 2020. https://thewaltdisneycompany.com/app/uploads/2021/01/2020-Annual-Report.pdf

[2]. Walt Disney Corporation. (2021). Annual Report 2021. https://thewaltdisneycompany.com/app/uploads/2022/01/2021-Annual-Report.pdf

[3]. Themed Entertainment Association. TEA/AECOM 2020 Theme Index and Museum Index: The Global Attractions Attendance Report. https://aecom.com/wp-content/uploads/documents/reports/AECOM-Theme-Index-2020.pdf

[4]. Walt Disney Corporation. (2022). Q3 FY22 Earnings Report.

[5]. https://thewaltdisneycompany.com/app/uploads/2022/08/q3-fy22-earnings.pdf

[6]. Motion Picture Association. 2020 Theme Report. https://www.motionpictures.org/wp-content/uploads/2021/03/ MPA-2020-THEME-Report.pdf

[7]. Motion Picture Association. 2021 Theme Report. https://www.motionpictures.org/wp-content/uploads/2022/03/ MPA-2021-THEME-Report-FINAL.pdf

[8]. Childs, Kevin: “Disney+ Expected to Lose Money Until 2024,” CBR.com, 10 Dec. 2020. https://www.cbr.com/ disney-plus-lose-money-2024/

[9]. Q.ai - Powering a Personal Wealth Movement: “Disney Surpasses Netflix Subscriber Count: What Does That Mean for Investors?” Forbes, 27 Sept. 2022. https://www.forbes.com/sites/qai/2022/09/27/disney-surpasses-netflix-subscriber-count-what-does-that-means-for-investors/?sh=542b35f55e0b

[10]. Neeson, James: “Disney Star Wars NFTS, Golden Moments Collection on Veve,” NFT News Today, 3 May. 2022. https://nftnewstoday.com/2022/05/03/disney-star-wars-nfts-golden-moments-collection-on-veve/

[11]. Chimielewski, Dawn: “EXCLUSIVE Disney names executive to oversee metaverse strategy -memo,” Reuters, 15 Feb. 2022. https://www.reuters.com/business/media-telecom/exclusive-disney-names-executive-oversee-metaverse-strategy-memo-2022-02-15/

Cite this article

Xiang,Y. (2023). An Analysis of Disney’s Revenue during the COVID-19 Pandemic. Advances in Economics, Management and Political Sciences,14,372-378.

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About volume

Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies

ISBN：978-1-915371-71-3(Print) / 978-1-915371-72-0(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.confbps.org/
Conference date: 26 February 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.14
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Walt Disney Corporation. (2020). Annual Report 2020. https://thewaltdisneycompany.com/app/uploads/2021/01/2020-Annual-Report.pdf

[2]. Walt Disney Corporation. (2021). Annual Report 2021. https://thewaltdisneycompany.com/app/uploads/2022/01/2021-Annual-Report.pdf

[3]. Themed Entertainment Association. TEA/AECOM 2020 Theme Index and Museum Index: The Global Attractions Attendance Report. https://aecom.com/wp-content/uploads/documents/reports/AECOM-Theme-Index-2020.pdf

[4]. Walt Disney Corporation. (2022). Q3 FY22 Earnings Report.

[5]. https://thewaltdisneycompany.com/app/uploads/2022/08/q3-fy22-earnings.pdf

[6]. Motion Picture Association. 2020 Theme Report. https://www.motionpictures.org/wp-content/uploads/2021/03/ MPA-2020-THEME-Report.pdf

[7]. Motion Picture Association. 2021 Theme Report. https://www.motionpictures.org/wp-content/uploads/2022/03/ MPA-2021-THEME-Report-FINAL.pdf

[8]. Childs, Kevin: “Disney+ Expected to Lose Money Until 2024,” CBR.com, 10 Dec. 2020. https://www.cbr.com/ disney-plus-lose-money-2024/

[9]. Q.ai - Powering a Personal Wealth Movement: “Disney Surpasses Netflix Subscriber Count: What Does That Mean for Investors?” Forbes, 27 Sept. 2022. https://www.forbes.com/sites/qai/2022/09/27/disney-surpasses-netflix-subscriber-count-what-does-that-means-for-investors/?sh=542b35f55e0b

[10]. Neeson, James: “Disney Star Wars NFTS, Golden Moments Collection on Veve,” NFT News Today, 3 May. 2022. https://nftnewstoday.com/2022/05/03/disney-star-wars-nfts-golden-moments-collection-on-veve/

[11]. Chimielewski, Dawn: “EXCLUSIVE Disney names executive to oversee metaverse strategy -memo,” Reuters, 15 Feb. 2022. https://www.reuters.com/business/media-telecom/exclusive-disney-names-executive-oversee-metaverse-strategy-memo-2022-02-15/

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