The Walt Disney Company, founded in 1923 and headquartered in Burbank, California, is a multinational entertainment and media conglomerate dedicated to creating high-quality content that inspires and entertains audiences worldwide. The company operates through various segments, including Disney Media Networks, Disney Parks, Experiences and Products, and Disney Studio Entertainment, offering a diverse range of products and services such as animated films, theme parks, and television programming.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Walt Disney Co began issuing bonds in the 1990s, primarily to finance its operations and acquisitions, including the significant 2006 acquisition of Pixar Animation Studios. In recent years, the company has issued bonds to support its strategic initiatives, with notable issuances in 2020 for $11 billion during the COVID-19 pandemic to bolster liquidity. Currently, Disney's bonds offer competitive yields compared to the entertainment industry average, with fixed-rate bonds featuring call options that allow early redemption. Recent market developments indicate increased interest in Disney's bonds as the company navigates recovery in its theme park segment post-pandemic.