Disney Named to TIME Magazine List of the Most Influential Companies.
On Thursday, TIME named The Walt Disney Company to its TIME100 Most Influential Companies list, which highlights companies making an extraordinary impact around the world.
This is the fourth annual edition of the list, and notably, Disney has been featured every year since the list’s inception in 2021.
In detailing the honor, the iconic news magazine highlighted Disney’s competitive strengths in the entertainment industry and noted the company’s focus on achieving profitability in its streaming businesses.
The TIME100 Most Influential Companies list is a diverse group of 100 businesses helping chart an essential path forward, and this year, Disney was the only media & entertainment company to be included on the list.
According to Time, to select the list, the magazine’s editors, “request suggestions and applications from across sectors, survey our contributors and correspondents around the world, and seek advice from outside experts.”
“No single data point or financial metric makes a TIME100 Company,” TIME said. “Instead, we are looking at a mosaic of qualities, studying impact, innovation, ambition, and success, all in the many different forms that take shape today.”
“The streaming industry had a turbulent year, and Disney is in the eye of the storm. To navigate successfully, the company is working all angles: a pivot into gaming with a Fortnite partnership; converting ESPN into a standalone streaming service; and, in a sign of coming consolidation that could transform the industry, partnering with rival Warner Bros.”
The TIME article continues: “Discovery to offer a streaming bundle that includes Disney+, Hulu, and Max. And unlike most streaming rivals, Disney has a steady revenue stream from its theme parks—a cash cow for the business. Disney boss Bob Iger also bolstered his position atop the House of Mouse in April, when he fended off a challenge from activist investors for the second time in two years. The group had sought to unseat Iger, arguing that the company had become too “woke” and not profitable enough for its shareholders. Foes vanquished, Iger can focus on all these challenges and get on with the real work of bringing Disney+ to profitability; the company expects that to happen by the end of the year.
