In 2015, Disney's revenue exceeded BAT's total, film entertainment accounted for 14%

According to financial reports, Disney's total revenue for fiscal year 2015 was approximately RMB 345.76 billion, which exceeded the total revenue of Tencent, Ali and Baidu (BAT), the three major Internet giants in China in fiscal year 2015.

Original title: Disney Fortune's film business performed well

in the early morning of the 11th Beijing time. Disney released its quarterly earnings report, and the company's earnings fell short of Wall Street expectations. The company's share price fell 6% in after-hours trading. Wall Street has warned that the performance of the company's largest business, the media network division, may put pressure on Disney's share price. The division's revenue was $5.79 billion, less than the expected $5.9 billion. Operating income was $2.3 billion, slightly worse than expectations of $2.34 billion. Disney Park business recorded sales of 3.93 billion yuan, which was below expectations of 4.03 billion yuan.

Disney's film division continues to perform strongly. Disney's "Zootopia" grossed US$958 million globally,"Fantasy Forest" grossed US$780 million, and the latest "Captain America" grossed US$673 million globally in less than two weeks. "Star Wars: The Force Awakens", released last year, performed strongly at the box office and became the top-grossing movie last year.

Last year's revenue exceeded BAT's sum. What did Disney make money?

On May 7, Shanghai Disneyland made its debut, and invited tourists began internal testing.

What Disney makes money has also attracted attention. According to financial reports, Disney's total revenue for fiscal year 2015 was approximately RMB 345.76 billion, which exceeded the total revenue of Tencent, Ali and Baidu (BAT), the three major Internet giants in China in fiscal year 2015.

Professor He Jianmin, director of the Department of Tourism Management at the School of International Business Administration at Shanghai University of Finance and Economics, said that Disney's theme parks are large in scale, with 30% of annual revenue coming from tickets, 15% from catering, 13% from accommodation, and 25% from shopping.

However, theme parks are not the main source of revenue for Disney. This is a company with a complete entertainment industry chain. Disney's industrial chain is centered on IP, and its business includes five major sectors: media network (television), film and television entertainment (movies), parks and resorts (theme parks), consumer products (derivatives) and interactive entertainment (games).

Editor: Nancy