The walt disney company acquires leading online parenting platform
babble media, inc.
Burbank, calif.--(business wire)--the walt disney company (nyse: dis), through its wholly owned subsidiary disney online, has acquired babble media, inc., a leading online parenting platform featuring more than 200 influential mom bloggers. the acquisition of babble further strengthens the position of disney interactive media group’s moms and family portfolio as a leading online resource for moms and families. disney interactive’s moms and family portfolio is a trusted resource for parents today, giving them the online tools and information they need and the ability to share their experiences. through the acquisition of babble, disney interactive’s moms and family business gains a blogging platform that elevates the first-person stories of parenthood. since its inception in 2006, babble has become one of the most celebrated parenting sites on the web, named by time magazine as one of the 50 best websites of 2010 and by forbes as one of the top 100 websites for women. its stable of bloggers contribute daily to parenting topics including pregnancy, child care, health, food, family activities as well as lifestyle topics such as home, fashion and family products. as the premier blogging platform for a new generation of connected parents, babble has created a vibrant community of parents who support, encourage and celebrate the highs and lows of raising children. babble attracts a broad and engaged audience with its nearly constant stream of posts, written for and by moms. disney interactive will infuse its moms and family evergreen content into babble, thereby enriching the babble user experience and extending the best of what disney has to offer to today’s parents. “parents’ relationships with disney are founded in stories, and disney's best stories are about families. we believe that babble and disney can harness the power of storytelling to inform, entertain and empower parents everywhere,” said brooke chaffin, svp of moms and family, disney interactive media group. “with more than 3.9 million mom blogs in the us alone, disney interactive recognizes and values the important and powerful role moms have taken on in new media.” "we can't imagine a better next step than joining the world's leading media company for families, the walt disney company, and look forward to bringing together babble's resonant voice and community with disney’s expansive family audience, wide range of content and multi-media platform,” said rufus griscom and alisa volkman, co-founders of babble. babble will remain headquartered in new york. rufus griscom and alisa volkman will join the disney interactive media group. about the walt disney company the walt disney company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. disney is a dow 30 company and had annual revenues of about $40.9 billion in its most recent fiscal year. forward-looking statements: certain statements in this release may constitute "forward looking statements" within the meaning of the private securities litigation reform act of 1995. these statements are made on the basis of the company's views and assumptions regarding future events and business performance as of the time the statements are made. the company does not undertake any obligation to update these statements. actual results may differ materially from those expressed or implied. such differences may result from actions taken by the company as well as from developments beyond the company's control. additional factors are set forth in the company's annual report on form 10-k for the year ended october 2, 2010 under item 1a, "risk factors," and subsequent reports.
