Walt Disney Co (NYSE:DIS) Increasing its Presence World Wide

Walt Disney Co (NYSE:DIS) has been repeatedly pursuing Apple to allow more of its channels to become part of the Apple TV. The broadband based TV service is due to be launched in the near future and Apple is gathering content providers to add to the service. However, Disney has been asking Apple to run most of its channels, including spin-offs, a request that Apple has kept on declining.

Apple products are known to be extremely pricey, but that does not seem to be the direction that Apple TV is taking. The company is planning to provide 25 channels at $30-$40 a month and in order to keep the prices that low; the company is requesting fewer channels from Disney.

Disney already offers its TV shows on iTunes, so a potential partnership would not be that hard to reach. Apple plans to announce all the content providers for its TV service in June, which will give a good idea about what channels we can expect on the service.

Apart from gaining yet another partnership in the TV industry, the company is also focusing on its theme park. The company is due to open its theme park in shanghai later this year, which Disney says is going to be the biggest theme park in the world. There have been quite a lot of speculations about what the theme park would hold. It already covers an area of 1000 acres and is expected to house shopping arenas, a Broadway style theater and even hotels.

Speculations even suggest that the largest of Disney princess castles would be housed here. Estimates suggest that around 25 million people could be visiting the park in its full open year. However, this figure is just 35% of the visitors that visit the Disney theme park in Orlando, which is the most visited park in the world.

Walt Disney Co (NYSE:DIS) closed at $110.81 after losing 0.2% on May 5. The company has 1.7 billion shares being traded in the market with a 52-week range of $78.54-$113.30.

About the Author

Stinson is US Markets Daily’s Senior Producer for News & Public Affairs.

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