Ethics on Walt Disney

According to an article from The New York Times, on May 9, 2012 The Walt Disney Company’s profits had grown up to 21% at Disney’s Cable TV gains and a surge in Resorts Business. Thanks to climbing ad sales and subscription fees at ESPN, another cable channel like ABCfamily has also helped the Walt Disney Company. Its quarterly profit 21% To $1. 14 billion dollars. The article started off by stating that Disney’s financial reported a Growth on retail sales report. In addition an operating income at Walt Disney Company Park and Resorts Surged 53% to $222 million dollars.

A reason for this division growth was that they had high spenders. Which meant they wasted money on Disney’s products and not only that but there attendance increased on almost all there resorts worldwide. Just like in Tokyo an increase in spending up to 5%. This is ethical, because it shows that the resorts must be doing well that means people are going and spending their money even with this recession. Besides this there is an issue that Disney’s studios faced after filming the movie John Carter but they had a solution. After they had lost money from that movie they also had losses from media networks.

Because As the result that they were working on their interactive media. Aside from their losses, Disney reported earnings per share of 58 cents for the quarter. Up to 18% from 49 cents a year earlier. Not only had that but Analyst expected Earnings per share of 56 cents. In the other hand there was revenue 6% to $9. 6 billion. This shows that it was am improvement for Walt Disney they do there accountings in an Ethical manner. Another good ethics of Walt Disney is there television portfolio, since they have a variety of studios.

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They manage different channels like sports and family channels that helps them set apart from there competition. ESPN is by the largest contributor to Disney’s overall probability. “Quite well positioned to remain the pre-eminent sports brand,” said Disney Chairman Robert I. Iger. This statement shows that ESPN is doing a good job as it should and shows that not only that. But ESPN is still growing with their subscribers and fees. Lastly in the article, it states that since the release of the movie Marvel Inc. The movie has recorded the biggest opening. “It’s a great illustration of why we like Marvel Inc. o much. ” Said Mr. Iger. In my opinion I think the Walt Disney Company is very successful. They have been around the business for quite a while. Not only that but they made products and films that are worth value. Great film from back in the days and still going on now. The Walt Disney Company hires employees and trains them to their best ability which not many companies do. They require safety and have their business standards set well. Just how their profits have increased. That’s shows their doing a well ethical job. They may not be perfect but they sure have accounting set well in their business.

Because the fact that if they didn’t Walt Disney would be as well-known. Their resorts wouldn’t be considered one of the happiest places on earth. This Article states the ethical manner that Walt Disney has done yet they had issues but still they overcome them just like how ethical companies should. The Walt Disney Company hasn’t been affected in a huge drastic way that other companies have been affected. But yet I think that is example that an ethical company leads and that is Walt Disney. REFERENCE http://query. nytimes. com/gst/fullpage. html? res=9C01EFD9133AF93AA35756C0A9649D8B63&ref=brooksbarnes

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