210-633: The Walt Disney Company , commonly referred to as simply Disney , is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios in Burbank, California . Disney was founded on October 16, 1923, by brothers Walt Disney and Roy Oliver Disney as Disney Brothers Cartoon Studio ; it also operated under the names Walt Disney Studio and Walt Disney Productions before changing it to its current name in 1986. In 1928, Disney established itself as
420-536: A Golden Globe for Best Picture , and it received 6 Academy Award nominations, becoming the first animation nominated for Best Picture; it won Best Score, Best Sound , and Best Song. The film was critically acclaimed, with some critics considering it to be the best Disney film. To coincide with the 1992 release of The Mighty Ducks , Disney founded the National Hockey League team The Mighty Ducks of Anaheim . Disney's next animated feature Aladdin
630-430: A soft cover . Magazines fall into two broad categories: consumer magazines and business magazines. In practice, magazines are a subset of periodicals , distinct from those periodicals produced by scientific, artistic, academic or special interest publishers which are subscription-only, more expensive, narrowly limited in circulation, and often have little or no advertising. Magazines can be classified as: A newspaper
840-641: A 12-week goodwill visit to South America, funded by the Office of the Coordinator of Inter-American Affairs . During the trip, the animators began plotting films, taking inspiration from the local environments and music. As a result of the strike, federal mediators compelled the studio to recognize the Screen Cartoonist's Guild and several animators left, leaving it with 694 employees. To recover from their financial losses, Disney rushed into production
1050-439: A 26% growth in revenue. Los Angeles Times called Disney's recovery "a real rarity in the corporate world". On May 1, 1989, Disney opened Disney-MGM Studios, its third amusement park at Walt Disney World, and later became Hollywood Studios . The new park demonstrated to visitors the movie-making process, until 2008, when it was changed to make guests feel they are in movies. Following the opening of Disney-MGM Studios, Disney opened
1260-440: A Kansas City advertising firm, to run Disney's merchandising; Kamen agreed and transformed Disney's merchandising. Within a year, Kamen had 40 licenses for Mickey Mouse and within two years, had made $ 35 million worth of sales. In 1934, Disney said he made more money from the merchandising of Mickey Mouse than from the character's films. The Waterbury Clock Company created a Mickey Mouse watch, which became so popular it saved
1470-488: A book resembling a photo album. The first collection of records to be called an "album" was Tchaikovsky 's Nutcracker Suite , release in April 1909 as a four-disc set by Odeon Records . It retailed for 16 shillings —about £ 15 in modern currency. A music video (also promo) is a short film or video that accompanies a complete piece of music, most commonly a song . Modern music videos were primarily made and used as
1680-438: A catchall phrase that encompasses the aforementioned along with any game made for any other device, including, but not limited to, advanced calculators, mobile phones, PDAs , etc. Sound recording and reproduction is the electrical or mechanical re-creation or amplification of sound , often as music . This involves the use of audio equipment such as microphones, recording devices and loudspeakers. From early beginnings with
1890-689: A choir from the US Army marched down Main Street. The icon of the park was the Cinderella Castle . On Thanksgiving Day, cars traveling to the Magic Kingdom caused traffic jams along interstate roads. On December 21, 1971, Roy died of cerebral hemorrhage at St. Joseph Hospital. Donn Tatum , a senior executive and former president of Disney, became the first non-Disney-family-member to become CEO and chairman. Card Walker , who had been with
2100-585: A committee. The ten components with the largest dividend yields are commonly referred to as the Dogs of the Dow . As with all stock prices, the prices of the constituent stocks and consequently the value of the index itself are affected by the performance of the respective companies as well as macroeconomic factors. As of November 15, 2024, the Dow Jones Industrial Average consists of
2310-400: A contract dispute, with Disney asking for a larger fee, while Mintz sought to reduce the price. Disney discovered Universal Pictures owned the intellectual property rights to Oswald, and Mintz threatened to produce the shorts without him if he did not accept the reduction in payment. Disney declined and Mintz signed 4 of Walt Disney Studio's primary animators to start his own studio; Iwerks was
SECTION 10
#17327583834172520-454: A contract with Winkler for $ 1,500, to create six series of Alice Comedies , with an option for two more six-episode series. Walt and Roy Disney founded Disney Brothers Cartoon Studio on October 16, 1923, to produce the films. In January 1926, the Disneys moved into a new studio on Hyperion Street and the studio's name was changed to Walt Disney Studio . After producing Alice films over
2730-682: A deal in which all parties would obtain 27% equity in streaming service Hulu , and Disney added ABC Family and Disney Channel to the streaming service. On December 16, Roy E. Disney died of stomach cancer ; he was the last member of the Disney family to work for Disney. In March 2010, Haim Saban reacquired from Disney the Power Rangers franchise, including its 700-episode library, for around $ 100 million. Shortly after, Disney sold Miramax Films to an investment group headed by Ronald Tutor for $ 660 million. During that time, Disney released
2940-492: A device used to access a mass medium (the Internet). Video games may also be evolving into a mass medium. Video games (for example, massively multiplayer online role-playing games (MMORPGs), such as RuneScape ) provide a common gaming experience to millions of users across the globe and convey the same messages and ideologies to all their users. Users sometimes share the experience with one another by playing online. Excluding
3150-629: A dual role as the twins in The Parent Trap (1961). Another child actor, Kevin Corcoran , was prominent in many Disney live-action films, first appearing in a serial for The Mickey Mouse Club, where he would play a boy named Moochie. He worked alongside Mills in Pollyanna , and starred in features such as Old Yeller (1957), Toby Tyler (1960), and Swiss Family Robinson . In 1964, the live action/animation musical film Mary Poppins
3360-412: A golf course, and 6 hotels. In 1988, Disney's 27th animated film Oliver & Company was released the same day as that of former Disney animator Don Bluth's The Land Before Time . Oliver & Company out-competed The Land Before Time , becoming the first animated film to gross over $ 100 million in its initial release, and the highest-grossing animated film in its initial run. Disney became
3570-602: A joint venture with Infoseek in January 1999, Disney acquired the rest of Infoseek later that year. After unsuccessful negotiations with cruise lines Carnival and Royal Caribbean International , in 1994, Disney announced it would start its own cruise-line operation in 1998. The first two ships of the Disney Cruise Line were named Disney Magic and Disney Wonder , and built by Fincantieri in Italy. To accompany
3780-429: A leader in the animation industry with the short film Steamboat Willie . The film used synchronized sound to become the first post-produced sound cartoon, and popularized Mickey Mouse , who became Disney's mascot and corporate icon. After becoming a major success by the early 1940s, Disney diversified into live-action films, television, and theme parks in the 1950s. However, following Walt Disney's death in 1966,
3990-769: A major entertainment conglomerate with the acquisitions of Pixar , Marvel Entertainment , Lucasfilm , and 21st Century Fox . In 2020, Bob Chapek became the head of Disney after Iger's retirement. However, Chapek was ousted in 2022 and Iger was reinstated as CEO. The company is known for its film studio division, the Walt Disney Studios , which includes Walt Disney Pictures , Walt Disney Animation Studios , Pixar , Marvel Studios , Lucasfilm , 20th Century Studios , 20th Century Animation , and Searchlight Pictures . Disney's other main business units include divisions in television, broadcasting, streaming media, theme park resorts, consumer products, publishing, and international operations. Through these divisions, Disney owns and operates
4200-684: A marketing device intended to promote the sale of music recordings. Although the origins of music videos go back much further, they came into their own in the 1980s, when Music Television 's format was based on them. In the 1980s, the term "rock video" was often used to describe this form of entertainment, although the term has fallen into disuse. Music videos can accommodate all styles of filmmaking, including animation , live-action films, documentaries , and non-narrative, abstract film . The Internet (also known simply as "the Net" or less precisely as "the Web")
4410-479: A merchandising division named Walt Disney Enterprises , and subsidiaries called Disney Film Recording Company, Limited and Liled Realty and Investment Company; the latter of which managed real estate holdings. Walt Disney and his wife held 60% (6,000 shares) of the company, and Roy Disney owned 40%. The comic strip Mickey Mouse debuted on January 13, 1930, in New York Daily Mirror and by 1931,
SECTION 20
#17327583834174620-424: A more powerful media than either TV or the internet, starting with mobile being permanently carried and always connected. Mobile has the best audience accuracy and is the only mass media with a built-in payment channel available to every user without any credit cards or PayPal accounts or even an age limit. Mobile is often called the 7th Mass Medium and either the fourth screen (if counting cinema, TV and PC screens) or
4830-471: A much higher-priced stock, even though the lower-priced stock experienced a larger percentage change. In addition, a $ 1 move in the smallest component of the DJIA has the same effect as a $ 1 move in the largest component of the average. For example, during September–October 2008, former component AIG 's reverse split-adjusted stock price collapsed from $ 22.76 on September 8 to $ 1.35 on October 27; contributing to
5040-467: A negative return during most of the 1930s for new and old stock market investors. For the decade, the Dow Jones average was down from 248.48 at the beginning of 1930, to a stable level of 150.24 at the end of 1939, a loss of about 40%. Post-war reconstruction during the 1940s, along with renewed optimism of peace and prosperity, brought about a 33% surge in the Dow from 150.24 to 200.13. The strength in
5250-457: A newspaper, or watching the 10 o'clock news, people can log onto the internet to get the news they want, when they want it. For example, many workers listen to the radio through the Internet while sitting at their desk. Even the education system relies on the Internet. Teachers can contact the entire class by sending one e-mail. They may have web pages on which students can get another copy of
5460-612: A number of technologies combined to produce podcasting . Podcasting is an asynchronous broadcast/narrowcast medium. Adam Curry and his associates, the Podshow , are principal proponents of podcasting. The term ' film ' encompasses motion pictures as individual projects, as well as the field in general. The name comes from the photographic film (also called film stock ), historically the primary medium for recording and displaying motion pictures. Many other terms for film exist, such as motion pictures (or just pictures and "picture"),
5670-499: A park called Disney World , which included Magic Kingdom —a larger version of Disneyland—and the City of Tomorrow, at the park's center. By 1967, the company had made expansions to Disneyland, and more rides were added in 1966 and 1967, at a cost of $ 20 million. The new rides included Walt Disney's Enchanted Tiki Room , which was the first attraction to use Audio-Animatronics ; Walt Disney's Carousel of Progress , which debuted at
5880-462: A particular subject; others function as more personal online diaries. A typical blog combines text, images and other graphics, and links to other blogs, web pages, and related media. The ability for readers to leave comments in an interactive format is an important part of many blogs. Most blogs are primarily textual, although some focus on art (artlog), photographs (photoblog), sketchblog, videos (vlog), music (MP3 blog) and audio (podcasting), are part of
6090-548: A range between 53 and 103 until late 1914. The negativity surrounding the 1906 San Francisco earthquake did little to improve the economic climate; the index broke 100 for the first time in 1906. At the start of the 1910s, the Panic of 1910–1911 stifled economic growth. On July 30, 1914, as the average stood at a level of 71.42, a decision was made to close the New York Stock Exchange , and suspend trading for
6300-541: A record Warren Buffett called "a wonderful century"; when he calculated that to achieve that return again, the index would need to close at about 2,000,000 by December 2099. On September 17, 2001, the first day of trading after the September 11 attacks on the United States, the Dow fell 7.1%. However, the Dow began an upward trend shortly after the attacks, and regained all lost ground to close above 10,000 for
6510-407: A roughly 3,000-point drop in the index. As of June 2021, Goldman Sachs and UnitedHealth Group are among the highest-priced stocks in the average and therefore have the greatest influence on it. Alternately, Cisco Systems and Coca-Cola are among the lowest-priced stocks in the average and have the least sway in the price movement. Critics of the DJIA and most securities professionals recommend
The Walt Disney Company - Misplaced Pages Continue
6720-635: A span of four and a half months. Some historians believe the exchange was closed because of a concern that markets would plunge as a result of panic over the onset of World War I . An alternative explanation is that the United States Secretary of the Treasury , William Gibbs McAdoo , closed the exchange to conserve the U.S. gold stock in order to launch the Federal Reserve System later that year, with enough gold to keep
6930-750: A talking duck that would be the studio's new gag character. Donald Duck made his first appearance in 1934 in The Wise Little Hen . Though he did not become popular as quickly as Mickey had, Donald Duck had a featured role in Donald and Pluto (1936), and was given his own series. After a disagreement with Columbia Pictures about the Silly Symphony cartoons, Disney signed a distribution contract with United Artists from 1932 to 1937 to distribute them. In 1932, Disney signed an exclusive contract with Technicolor to produce cartoons in color until
7140-491: A ten-year contract to make five films, with Disney as distributor. They would share the cost, profits, and logo credits, calling the films Disney-Pixar productions. During the Disney Renaissance, film division Touchstone also saw success with film such as Pretty Woman (1990), which has the highest number of ticket sales in the U.S. for a romantic comedy and grossed $ 432 million; Sister Act (1992), which
7350-835: A theme song for the television series Zorro . The company hired them as exclusive staff songwriters, an arrangement that lasted 10 years. They wrote many songs for Disney's films and theme parks, and several were commercial hits. In the late 1950s, Disney ventured into comedy with the live-action films The Shaggy Dog (1959), which became the highest-grossing film in the US and Canada for Disney at over $ 9 million, and The Absent Minded Professor (1961), both starring Fred MacMurray . Disney also made live-action films based on children's books including Pollyanna (1960) and Swiss Family Robinson (1960). Child actor Hayley Mills starred in Pollyanna , for which she won an Academy Juvenile Award . Mills starred in 5 other Disney films, including
7560-461: A theme, which can be exampled with The Wall Street Journal as they offer news on finance and business related-topics. The first printed newspaper was published in 1605, and the form has thrived even in the face of competition from technologies such as radio and television. Recent developments on the Internet are posing major threats to its business model, however. Paid circulation is declining in most countries, and advertising revenue, which makes up
7770-463: A time of economic uncertainty and troubled relations between the U.S. and certain Middle-Eastern countries. The 1970s energy crisis was a prelude to a disastrous economic climate along with stagflation , the combination of high unemployment and high inflation. However, on November 14, 1972, the average closed at 1,003.16, above the 1,000 mark for the first time, during a brief relief rally in
7980-458: A tremendous success, with WALL-E winning the Oscar for Best Animated Feature. After acquiring most of Jetix Europe through the acquisition of Fox Family Worldwide, Disney bought the remainder of the company in 2008 for $ 318 million. Iger introduced D23 in 2009 as Disney's official fan club. In February, Disney announced a deal with DreamWorks Pictures to distribute 30 of their films over
8190-716: A two-year tour of ice shows featuring Disney charters, made its premiere at the Brendan Byrne Meadowlands Arena after Disney licensed its characters to Feld Entertainment . The same month, Disney's animated film The Fox and the Hound was released and became the highest-grossing animated film to that point at $ 40 million. It was the first film that did not involve Walt and the last major work done by Disney's Nine Old Men, who were replaced with younger animators. As profits started to decline, on October 1, 1982, Epcot, then known as EPCOT Center, opened as
8400-554: A venture with The Nature Conservancy , Disney purchased 8,500 acres (3,439 ha) of Everglades headwaters in Florida to protect native animals and plant species, establishing the Disney Wilderness Preserve . On April 3, 1994, Frank Wells died in a helicopter crash; he, Eisner, and Katzenberg helped the company's market value go from $ 2 billion to $ 22 billion since taking office in 1984. On June 15
8610-537: A visit to Griffith Park with his daughters. He said he watched them ride a carousel and thought there "should be ... some kind of amusement enterprise built where the parents and the children could have fun together". Initially planning the construction of an eight-acre (3.2 ha) Mickey Mouse Park near the Burbank studio, Walt changed the planned amusement park's name to Disneylandia, then to Disneyland . A new company, WED Enterprises (now Walt Disney Imagineering ),
The Walt Disney Company - Misplaced Pages Continue
8820-463: A wider network of social media. Microblogging is another type of blogging which consists of blogs with very short posts. RSS is a format for syndicating news and the content of news-like sites, including major news sites like Wired , news-oriented community sites like Slashdot , and personal blogs. It is a family of Web feed formats used to publish frequently updated content such as blog entries, news headlines, and podcasts. An RSS document (which
9030-486: A worldwide attraction, especially with the addition of dubbing or subtitles that translate the original language. A video game is a computer-controlled game in which a video display, such as a monitor or television set, is the primary feedback device. The term "computer game" also includes games which display only text or which use other methods, such as sound or vibration, as their primary feedback device. There always must also be some sort of input device , usually in
9240-483: Is price-weighted , unlike other common indexes such as the Nasdaq Composite or S&P 500, which use market capitalization . The value of the index can also be calculated as the sum of the stock prices of the companies included in the index, divided by a factor, which is approximately 0.163 as of November 2024 . The factor is changed whenever a constituent company undergoes a stock split so that
9450-436: Is a publication containing news and information and advertising, usually printed on low-cost paper called newsprint . It may be general or special interest, most often published daily or weekly. The most important function of newspapers is to inform the public of significant events. Local newspapers inform local communities and include advertisements from local businesses and services, while national newspapers tend to focus on
9660-490: Is a more interactive medium of mass media, and can be briefly described as "a network of networks". Specifically, it is the worldwide, publicly accessible network of interconnected computer networks that transmit data by packet switching using the standard Internet Protocol (IP). It consists of millions of smaller domestic, academic, business and governmental networks, which together carry various information and services, such as email , online chat , file transfer, and
9870-506: Is accessible through the Internet, along with many other services including e-mail, file sharing and others described below. Toward the end of the 20th century, the advent of the World Wide Web marked the first era in which most individuals could have a means of exposure on a scale comparable to that of mass media. Anyone with a web site has the potential to address a global audience, although serving to high levels of web traffic
10080-494: Is called a "feed" or "web feed" or "channel") contains either a summary of content from an associated web site or the full text. RSS makes it possible for people to keep up with web sites in an automated manner that can be piped into special programs or filtered displays. A podcast is a series of digital-media files which are distributed over the Internet using syndication feeds for playback on portable media players and computers. The term podcast, like broadcast, can refer either to
10290-529: Is computed as the sum of the prices of all thirty stocks divided by a divisor , the Dow Divisor. The divisor is adjusted in case of stock splits, spinoffs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the DJIA. Early on, the initial divisor was composed of the original number of component companies; this initially made the DJIA a simple arithmetic average. The present divisor, after many adjustments,
10500-468: Is less than one, making the index larger than the sum of the prices of the components. That is: where p are the prices of the component stocks and d is the Dow Divisor . Events such as stock splits or changes in the list of the companies composing the index alter the sum of the component prices. In these cases, in order to avoid discontinuity in the index, the Dow Divisor is updated so that
10710-403: Is not seen because of an effect known as persistence of vision , whereby the eye retains a visual image for a fraction of a second after the source has been removed. Also of relevance is what causes the perception of motion: a psychological effect identified as beta movement . Film has emerged as an important art form. They entertain, educate, enlighten and inspire audiences. Any film can become
SECTION 50
#173275838341710920-503: Is one of the biggest and best-known companies in the world and was ranked number 48 on the 2023 Fortune 500 list of biggest companies in the United States by revenue. In 2023, the company's seat in Forbes Global 2000 was 87. Since its founding, the company has won 135 Academy Awards , 26 of which were awarded to Walt . The company has been said to have produced some of the greatest films of all time , as well as revolutionizing
11130-433: Is sometimes erroneously used as a synonym for " mainstream media ". Mainstream media are distinguished from alternative media by their content and point of view. Alternative media are also "mass media" outlets in the sense that they use technology capable of reaching many people, even if the audience is often smaller than the mainstream. In common usage, the term "mass" denotes not that a given number of individuals receives
11340-836: Is sometimes misunderstood in this way. It can be used for various purposes: Journalism is the discipline of collecting, analyzing, verifying and presenting information regarding current events , trends , issues and people. Those who practice journalism are known as journalists . News -oriented journalism is sometimes described as the "first rough draft of history" (attributed to Phil Graham ), because journalists often record important events, producing news articles on short deadlines. While under pressure to be first with their stories, news media organisations usually edit and proofread their reports prior to publication, adhering to each organisation's standards of accuracy, quality and style. Many news organisation claim proud traditions of holding government officials and institutions accountable to
11550-422: Is still relatively expensive. It is possible that the rise of peer-to-peer technologies may have begun the process of making the cost of bandwidth manageable. Although a vast amount of information, imagery, and commentary (i.e. "content") has been made available, it is often difficult to determine the authenticity and reliability of information contained in web pages (in many cases, self-published). The invention of
11760-609: Is typically carried out in an open outcry auction, or over an electronic network such as CME's Globex platform. The Chicago Board Options Exchange (CBOE) issues option contracts on the Dow through the root symbol DJX. Options on various Dow-underlying ETFs are also available for trading. The following table shows the annual development of the Dow Jones Index, which was calculated back to 1896. In 1884, Charles Dow composed his first stock average, which contained nine railroads and two industrial companies that appeared in
11970-510: The 1964 New York World's Fair before moving to Disneyland in 1967; and Dumbo the Flying Elephant . On November 20, 1964, Walt sold most of WED Enterprise to Walt Disney Productions for $ 3.8 million after being persuaded by Roy, who thought Walt having his own company would cause legal problems. Walt formed a new company called Retlaw to handle his personal business, primarily Disneyland Railroad and Disneyland Monorail . When
12180-539: The 1980s oil glut , the Japanese asset price bubble , and other political distractions. The index had only two negative years in the 1980s: in 1981 and 1984. The 1990s brought on rapid advances in technology along with the introduction of the dot-com era . The markets contended with the 1990 oil price shock compounded with the effects of the early 1990s recession and a brief European situation surrounding Black Wednesday . Certain influential foreign conflicts such as
12390-836: The 1991 Soviet coup d'état attempt which took place as part of the initial stages of the Dissolution of the Soviet Union and the Revolutions of 1989 ; the First Chechen War and the Second Chechen War , the Gulf War , and the Yugoslav Wars failed to dampen economic enthusiasm surrounding the ongoing Information Age and the " irrational exuberance " (a phrase coined by Alan Greenspan ) of
12600-453: The ABC television network ; cable television networks such as Disney Channel , ESPN , Freeform , FX , and National Geographic ; publishing, merchandising, music, and theater divisions; direct-to-consumer streaming services such as Disney+ , ESPN+ , Hulu , and Hotstar ; and Disney Experiences , which includes several theme parks, resort hotels, and cruise lines around the world. Disney
12810-642: The Customer's Afternoon Letter , a daily two-page financial news bulletin which was the precursor to The Wall Street Journal . On January 2, 1886, the number of stocks represented in what is now the Dow Jones Transportation Average dropped from 14 to 12, as the Central Pacific Railroad and Central Railroad of New Jersey were removed. Though comprising the same number of stocks, this index contained only one of
SECTION 60
#173275838341713020-515: The Dow ( / ˈ d aʊ / ), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes. Many professionals consider it to be an inadequate representation of the overall U.S. stock market compared to a broader market index such as the S&;P 500 . The DJIA includes only 30 large companies. It
13230-491: The Dubai World 2009 debt standstill, and the 2011 United States debt-ceiling crisis . On May 6, 2010, the Dow lost 9.2% intra-day and regained nearly all of it within a single hour. This event, which became known as the 2010 Flash Crash , sparked new regulations to prevent future incidents. Six years after its previous high in 2007, the Dow finally closed at a new record high on March 5, 2013. It continued rising for
13440-624: The Grand Canyon and Yellowstone National Park . That year, the company earned a gross total of $ 24.5 million compared to the $ 11 million the previous year. Disney continued to delegate much of the animation work to the studio's top animators, known as the Nine Old Men . The company produced an average of five films per year throughout the 1950s and 60s. Animated features of this period included Sleeping Beauty (1959), One Hundred and One Dalmatians (1961), and The Sword in
13650-619: The Muppets franchise from the Jim Henson Company for $ 75 million, founding Muppets Holding Company, LLC . Following the success of Disney-Pixar films Finding Nemo (2003), which became the second highest-grossing animated film of all time at $ 936 million, and The Incredibles (2004), Pixar looked for a new distributor once its deal with Disney ended in 2004. Disney sold the loss-making Disney Stores chain of 313 stores to Children's Place on October 20. Disney also sold
13860-621: The Second Sino-Japanese War of 1937. The United States experienced the Recession of 1937–1938 , which temporarily brought economic recovery to a halt. The largest one-day percentage gain in the index happened in the depths of the 1930s bear market on March 15, 1933, when the Dow gained 15.34% to close at 62.10. However, as a whole throughout the Great Depression, the Dow posted some of its worst performances, for
14070-585: The Tree of Life at its center. Receiving positive reviews, Disney's next animated films Mulan and Disney-Pixar film A Bug's Life were released on June 5 and November 20, 1998. Mulan became the year's sixth-highest-grossing film at $ 304 million, and A Bug's Life was the year's fifth-highest at $ 363 million. In a $ 770-million transaction, on June 18, Disney bought a 43% stake of Internet search engine Infoseek for $ 70 million, also giving it Infoseek-acquired Starwave . Starting web portal Go.com in
14280-604: The Vietnam War ended in 1975, new tensions arose towards Iran surrounding the Iranian Revolution in 1979. Performance-wise for the 1970s, the index remained virtually flat, rising 4.8% from 800.36 to 838.74. The 1980s began with the early 1980s recession . In early 1981, the index broke above 1,000 several times, but then retreated. After closing above 2,000 in January 1987, the largest one-day percentage drop occurred on Black Monday , October 19, 1987, when
14490-489: The dot-com bubble . Between late 1992 and early 1993, the Dow staggered through the 3,000 level making only modest gains as the biotechnology sector suffered through the downfall of the Biotech Bubble; as many biotech companies saw their share prices rapidly rise to record levels and then subsequently fall to new all-time lows. The Dow soared from 2,753 to 8,000 between January 1990 to July 1997. In October 1997,
14700-567: The 10,000 mark by year end. The Dow continued climbing and reached a record high of 14,198.10 on October 11, 2007, a mark which was not matched until March 2013. It then dropped over the next year due to the 2007–2008 financial crisis . On September 15, 2008, a wider financial crisis became evident after the Bankruptcy of Lehman Brothers along with the economic effect of record high oil prices which had reached almost $ 150 per barrel two months earlier. The Dow lost more than 500 points for
14910-572: The 1930s, and became one of the best-known Disney songs. Other Silly Symphonies films won the Best Cartoon award from 1931 to 1939, except for 1938, when another Disney film, Ferdinand the Bull , won it. In 1934, Walt Disney announced a feature-length animated film, Snow White and the Seven Dwarfs . It would be the first cel animated feature and the first animated feature produced in
15120-442: The 1950s, Disney returned to producing full-length animated feature films, beginning with Cinderella (1950), its first feature in eight years. A critical and commercial success, Cinderella saved Disney after the financial pitfalls of the wartime era; it was its most financially successful film since Snow White , making $ 8 million in its first year. Walt began to reduce his involvement with animation, focusing his attention on
15330-502: The 1960s", starred in 10 Disney films, including That Darn Cat! (1965), The Ugly Dachshund (1966), and The Love Bug (1968). Disney's last child actor of the 1960s was Kurt Russell , who had signed a ten-year contract. He featured in films such as The Computer Wore Tennis Shoes (1969), The Horse in the Gray Flannel Suit (1968) alongside Dean Jones, The Barefoot Executive (1971), and The Strongest Man in
15540-529: The DJIA is possible via index funds as well as via derivatives such as option contracts and futures contracts . Index funds , including mutual funds and exchange-traded funds (ETF) can replicate, before fees and expenses, the performance of the index by holding the same stocks as the index in the same proportions. An ETF that replicates the performance of the index is issued by State Street Corporation ( NYSE Arca : DIA ). ProShares offers leveraged ETFs that attempt to produce three times
15750-405: The Dow fell nearly 20%. By early January 2019, the index had quickly rallied more than 10% from its Christmas Eve low. Overall in the 2010s decade, the Dow increased from 10,428.05 to 28,538.44 for a substantial gain of 174%. Despite the emerging COVID-19 pandemic , the Dow continued its bull run from the previous decade before peaking at 29,551.42 on February 12, 2020 (29,568.57 intraday on
15960-619: The Dow occurred despite the Recession of 1949 and various global conflicts. During the 1950s, the Korean War and the Cold War did not stop the Dow's climb higher. A nearly 240% increase in the average from 200.13 to 679.36 ensued over the course of that decade. The Dow began to stall during the 1960s as the markets trudged through the Kennedy Slide of 1962 , but still managed an 18% gain from 679.36 to 800.36. The 1970s marked
16170-452: The Internet has also allowed breaking news stories to reach around the globe within minutes. This rapid growth of instantaneous, decentralised communication is often deemed likely to change mass media and its relationship to society. "Cross-media" means the idea of distributing the same message through different media channels. A similar idea is expressed in the news industry as "convergence". Many authors understand cross-media publishing to be
16380-516: The Internet, however, it is questionable whether players of video games are sharing a common experience when they play the game individually. It is possible to discuss in great detail the events of a video game with a friend one has never played with, because the experience is identical to each. The question, then, is whether this is a form of mass communication. Five characteristics of mass communication have been identified by sociologist John Thompson of Cambridge University : The term "mass media"
16590-481: The Lucky Rabbit and 26 cartoons featuring the character. On February 6, the company announced it would be merging its ABC Radio networks and 22 stations with Citadel Broadcasting in a $ 2.7 billion deal, though which Disney acquired 52% of television broadcasting company Citadel Communications . The Disney Channel movie High School Musical aired and its soundtrack was certified triple platinum , becoming
16800-644: The Master Settlement Agreement between the US and the tobacco industries prohibited the billboard advertising of cigarettes. In a 1994 Chicago-based study, Diana Hackbarth and her colleagues revealed how tobacco- and alcohol-based billboards were concentrated in poor neighbourhoods. In other urban centers, alcohol and tobacco billboards were much more concentrated in African-American neighbourhoods than in white neighbourhoods. Mass media encompasses much more than just news, although it
17010-464: The Mickey Mouse series, which was made using synchronized sound , becoming the first post-produced sound cartoon. The sound was created using Powers' Cinephone system, which used Lee de Forest 's Phonofilm system. Pat Powers ' company distributed Steamboat Willie , which was an immediate hit. In 1929, the company successfully re-released the two earlier films with synchronized sound. After
17220-505: The NHL team Mighty Ducks in 2005. Roy E. Disney decided to rejoin the company and was given the role of consultant with the title "Director Emeritus". In March 2005, Bob Iger, president of the company, became CEO after Eisner's retirement in September; Iger was officially named head of the company on October 1. Disney's eleventh theme park Hong Kong Disneyland opened on September 12, costing
17430-513: The S&;P 500 Index or the Russell 3000 Index . Additionally, the DJIA is criticized for being a price-weighted index , which gives higher-priced stocks more influence over the average than their lower-priced counterparts, but takes no account of the relative industry size or market capitalization of the components. For example, a $ 1 increase in a lower-priced stock can be negated by a $ 1 decrease in
17640-533: The South (1946) which would become one of Disney's most controversial films. As a result of its financial problems, Disney began re-releasing its feature films in 1944. In 1948, it began premiering the nature documentary series, True-Life Adventures , which ran until 1960, winning 8 Academy Awards. In 1949, the Walt Disney Music Company was founded to help with profits for merchandising. In
17850-581: The Stone (1963). Sleeping Beauty was a financial loss for the company, and at $ 6 million, had the highest production costs up to that point. One Hundred and One Dalmatians introduced an animation technique using the xerography process to electromagnetically transfer the drawings to animation cels , resulting in a transformed art style for the studio's animated films. In 1956, the Sherman Brothers , Robert and Richard , were asked to produce
18060-455: The US equities market, particularly the S&P 500 Index . Between ( 1980-January-{{{day}}} ) ( 2023-November-{{{day}}} ) January 1980 – November 2023 , the DJIA returned an annualized 8.90%, with the S&P 500 returning a nearly identical 8.91%. With the inclusion of only 30 stocks, critics such as Ric Edelman argue that the DJIA is an inaccurate representation of overall market performance compared to more comprehensive indices such as
18270-557: The US, Tokyo Disneyland , opened in Urayasu . Costing around $ 1.4 billion, construction started in 1979 when Disney and The Oriental Land Company agreed to build a park together. Within its first ten years, the park had over 140 million visitors. After an investment of $ 100 million, on April 18, Disney started a pay-to-watch cable television channel called Disney Channel , a 16-hours-a-day service showing Disney films, twelve programs, and two magazines shows for adults. Although it
18480-522: The US. Its novelty made it a risky venture; Roy tried to persuade Walt not to produce it, arguing it would bankrupt the studio, and while widely anticipated by the public, it was referred to by some critics as "Disney's Folly". Walt directed the animators to take a realistic approach, creating scenes as though they were live action. While making the film, the company created the multiplane camera , consisting of pieces of glass upon which drawings were placed at different distances to create an illusion of depth in
18690-545: The United Press International) closed over 30,000 on December 31, 2020, at a record 30,606.48. On November 24, following news that the presidential transition of Joe Biden was approved, the Dow increased by more than 500 points, closing at 30,046.24. On January 22, 2024, the Dow Jones crossed 38,000 points for the first time; a month later it surpassed 39,000; and in May, it surpassed 40,000 points. The DJIA
18900-491: The United States on par with the gold standard . When the markets reopened on December 12, 1914, the index closed at 74.56, a gain of 4.4%. This is frequently reported as a large drop, due to using a later redefinition. Reports from the time say that the day was positive. Following World War I, the United States experienced another economic downturn, the Post–World War I recession . The Dow's performance remained unchanged from
19110-582: The Walt Disney Company, stating the old name only referred to the film industry. With Disney's animation industry declining, the animation department needed its next movie The Great Mouse Detective to be a success. It grossed $ 25 million at the box office, becoming a much-needed financial success. To generate more revenue from merchandising, the company opened its first retail store Disney Store in Glendale in 1987. Because of its success,
19320-609: The Wind ". Pixar's and Disney's first co-release was the first-ever fully computer-generated film Toy Story , which was released on November 19, 1995, to critical acclaim and an end-run gross total of $ 361 million. The film won the Special Achievement Academy Award and was the first animated film to be nominated for Best Original Screenplay . In 1995, Disney announced the $ 19 billion acquisition of television network Capital Cities/ABC Inc., which
19530-524: The World (1975). In late 1959, Walt had an idea to build another park in Palm Beach, Florida , called the City of Tomorrow, a city that would be full of technological improvements. In 1964, the company chose land southwest of Orlando, Florida to build the park and acquired 27,000 acres (10,927 ha). On November 15, 1965, Walt, along with Roy and Florida's governor Haydon Burns , announced plans for
19740-399: The ability to publish in both print and on the web without manual conversion effort. An increasing number of wireless devices with mutually incompatible data and screen formats make it even more difficult to achieve the objective "create once, publish many". The Internet is quickly becoming the center of mass media. Everything is becoming accessible via the internet. Rather than picking up
19950-529: The activity of making information available for public view. In some cases, authors may be their own publishers. Traditionally, the term refers to the distribution of printed works such as books and newspapers . With the advent of digital information systems and the Internet , the scope of publishing has expanded to include websites , blogs and the like. Dow Jones Industrial Average The Dow Jones Industrial Average ( DJIA ), Dow Jones , or simply
20160-431: The animated film The Jungle Book , which was Disney's most successful film for the next two decades, and the live-action musical The Happiest Millionaire . After Walt's death, the company largely abandoned animation, but made several live-action films. Its animation staff declined from 500 to 125 employees, with the company only hiring 21 people from 1970 to 1977. Disney's first post-Walt animated film The Aristocats
20370-659: The assumption of $ 2.3 billion in debt. The deal included a 76% stake in Fox Kids Europe , Latin American channel Fox Kids , more than 6,500 episodes from Saban Entertainment 's programming library, and Fox Family Channel . In 2001, Disney's operations had a net loss of $ 158 million after a decline in viewership of the ABC television network, as well as decreased tourism due to the September 11 attacks . Disney earnings in fiscal 2001 were $ 120 million compared with
20580-451: The average fell 22.61%. There were no clear reasons given to explain the crash. On October 13, 1989, the Friday the 13th mini-crash , which initiated the collapse of the junk bond market, resulted in a loss of almost 7% of the index in a single day. During the 1980s, the Dow increased 228% from 838.74 to 2,753.20; despite the market crashes, Silver Thursday , an early 1980s recession ,
20790-415: The backgrounds. After United Artists attempted to attain future television rights to the Disney shorts, Walt signed a distribution contract with RKO Radio Pictures on March 2, 1936. Walt Disney Productions exceeded its original budget of $ 150,000 for Snow White by ten times; its production eventually cost the company $ 1.5 million. Snow White took 3 years to make, premiering on December 12, 1937. It
21000-719: The box office. Later, as products of the South American trip, Disney released the features Saludos Amigos (1942) and The Three Caballeros (1944). This was a new strategy of releasing package films , collections of short cartoons grouped to make feature films. Both performed poorly. Disney released more package films through the rest of the decade, including Make Mine Music (1946) , Fun and Fancy Free (1947), Melody Time (1948), and The Adventures of Ichabod and Mr. Toad (1949), to try to recover from its financial losses. Disney began producing less-expensive live-action films mixed with animation, beginning with Song of
21210-501: The box office; it won two Academy Awards; Best Original Score and Best Original Song for " Under the Sea ". During the Disney Renaissance, composer Alan Menken and lyricist Howard Ashman wrote several Disney songs until Ashman died in 1991. Together they wrote 6 songs nominated for Academy Awards; with two winning songs—"Under the Sea" and " Beauty and the Beast ". To produce music geared for
21420-416: The box-office-leading Hollywood studio for the first time, with films such as Who Framed Roger Rabbit (1988), Three Men and a Baby (1987) , and Good Morning, Vietnam (1987). The company's gross revenue went from $ 165 million in 1983 to $ 876 million in 1987, and operating income went from −$ 33 million in 1983 to +130 million in 1987. The studio's net income rose by 66%, along with
21630-592: The bulk of a newspaper's income, is shifting from print to online; some commentators, nevertheless, point out that historically new media such as radio and television did not entirely supplant existing. The internet has challenged the press as an alternative source of information and opinion but has also provided a new platform for newspaper organisations to reach new audiences. According to the World Trends Report , between 2012 and 2016, print newspaper circulation continued to fall in almost all regions, with
21840-517: The class outline or assignments. Some classes have class blogs in which students are required to post weekly, with students graded on their contributions. Blogging , too, has become a pervasive form of media. A blog is a website, usually maintained by an individual, with regular entries of commentary, descriptions of events, or interactive media such as images or video. Entries are commonly displayed in reverse chronological order, with most recent posts shown on top. Many blogs provide commentary or news on
22050-474: The closing value of the previous decade, adding only 8.26%, from 99.05 at the beginning of 1910, to a level of 107.23 at the end of 1919. The Dow experienced a long bull run from 1920 to late 1929 when it rose from 73 to 381 points. In 1928, the components of the Dow were increased to 30 stocks near the economic height of that decade, which was nicknamed the Roaring Twenties . This period downplayed
22260-554: The company $ 3.5 billion to construct. On January 24, 2006, Disney began talks to acquire Pixar from Steve Jobs for $ 7.4 billion, and Iger appointed Pixar chief creative officer (CCO) John Lasseter and president Edwin Catmull the heads of the Walt Disney Animation Studios . A week later, Disney traded ABC Sports commentator Al Michaels to NBCUniversal , in exchange for the rights to Oswald
22470-404: The company after Eisner refused to promote him to president. After leaving, he co-founded film studio DreamWorks SKG . Wells was later replaced with one of Eisner's friends Michael Ovitz on August 13, 1995. In 1994, Disney wanted to buy one of the major U.S. television networks ABC, NBC, or CBS, which would give the company guaranteed distribution for its programming. Eisner planned to buy NBC but
22680-644: The company announced ImageMovers Digital , which it started in partnership with ImageMovers in 2007, would be closing by 2011. Mass media Mass media include the diverse arrays of media that reach a large audience via mass communication . Broadcast media transmit information electronically via media such as films , radio , recorded music, or television . Digital media comprises both Internet and mobile mass communication. Internet media comprise such services as email , social media sites, websites , and Internet-based radio and television. Many other mass media outlets have an additional presence on
22890-524: The company from bankruptcy during the Great Depression . During a promotional event at Macy's, 11,000 Mickey Mouse watches sold in one day; and within two years, two-and-a-half million watches were sold. As Mickey Mouse become a heroic character rather than a mischievous one, Disney needed another character that could produce gags . Disney invited radio presenter Clarence Nash to the animation studio; Disney wanted to use Nash to play Donald Duck ,
23100-517: The company had been doing. To help with the film division, the company started making Saturday-morning cartoons to create new Disney characters for merchandising, and produced films through Touchstone. Under Eisner, Disney became more involved with television, creating Touchstone Television and producing the television sitcom The Golden Girls , which was a hit. The company spent $ 15 million promoting its theme parks, raising visitor numbers by 10%. In 1984, Disney produced The Black Cauldron , then
23310-455: The company is still headquartered. In April 1940, Disney Productions had its initial public offering , with the common stock remaining with Disney and his family. Disney did not want to go public but the company needed the money. Shortly before Snow White's release, work began on the company's next features, Pinocchio and Bambi . Pinocchio was released in February 1940 while Bambi
23520-621: The company opened two more in California, and by 1990, it had 215 throughout the US In 1989, the company garnered $ 411 million in revenue and made a profit of $ 187 million. In 1987, the company signed an agreement with the Government of France to build a resort named Euro Disneyland in Paris; it would consist of two theme parks named Disneyland Park and Walt Disney Studios Park ,
23730-757: The company since 1938, became its president. By June 30, 1973, Disney had over 23,000 employees and a gross revenue of $ 257,751,000 over a nine-month period, compared to the year before when it made $ 220,026,000. In November, Disney released the animated film Robin Hood (1973), which became Disney's biggest international-grossing movie at $ 18 million. Throughout the 1970s, Disney released live-action films such as The Computer Wore Tennis Shoes ' sequel Now You See Him, Now You Don't ; The Love Bug sequels Herbie Rides Again (1974) and Herbie Goes to Monte Carlo (1977); Escape to Witch Mountain (1975); and Freaky Friday (1976). In 1976, Card Walker became CEO of
23940-402: The company started looking for a sponsor for the project, Walt renamed the City of Tomorrow, Experimental Prototype Community of Tomorrow ( Epcot ). Walt, who had been a heavy smoker since World War I, fell very sick and he died on December 15, 1966, aged 65, of lung cancer , at St. Joseph Hospital across the street from the studio. In 1967, the last two films Walt had worked on were released;
24150-402: The company was being run, calling on Eisner to retire; the same week, board member Stanley Gold retired for the same reasons. Gold and Disney formed the "Save Disney" campaign. In 2004, at the company's annual meeting, the shareholders in a 43% vote voted Eisner out as chairman. On March 4, George J. Mitchell , who was a member of the board, was named as replacement. In April, Disney purchased
24360-485: The company's attention. Disney, which since 1996 had owned a 25% stake in the Major League Baseball team California Angels , bought out the team in 1998 for $ 110 million, renamed it Anaheim Angels and renovated the stadium for $ 100 million. Hercules (1997) was released on June 13, and underperformed compared to earlier films, grossing $ 252 million. On February 24, Disney and Pixar signed
24570-464: The company's next animated film The Hunchback of Notre Dame was released, grossing $ 325 million at the box office. Because Ovitz's management style was different from Eisner's, Ovitz was fired as the company's president in 1996. Disney lost a $ 10.4 million lawsuit in September 1997 to Marsu B.V. over Disney's failure to produce as contracted 13 half-hour Marsupilami cartoon shows. Instead, Disney felt other internal "hot properties" deserved
24780-451: The company's profits were from its theme parks; in 1982, there were 12 million visitors to Walt Disney World, a figure that declined by 5% the following June. On July 9, 1982, Disney released Tron , one of the first films to extensively use computer-generated imagery (CGI). It was a big influence on other CGI movies, though it received mixed reviews. In 1982, the company lost $ 27 million. On April 15, 1983, Disney's first park outside
24990-399: The company's profits, especially in the animation division , began to decline. In 1984, Disney's shareholders voted Michael Eisner as CEO, who led a reversal of the company's decline through a combination of international theme park expansion and the highly successful Disney Renaissance period of animation in the 1990s. In 2005, under new CEO Bob Iger , the company continued to expand into
25200-399: The company, with Tatum remaining chairman until 1980, when Walker replaced him. In 1977, Roy E. Disney , Roy O. Disney's son and the only Disney working for the company, resigned as an executive because of disagreements with company decisions. In 1977, Disney released the successful animated film The Rescuers , which grossed $ 48 million. The live-acton/animated musical Pete's Dragon
25410-615: The cruises, Disney bought Gorda Cay as the line's private island, and spent $ 25 million remodeling it and renaming it Castaway Cay. On July 30, 1998, Disney Magic set sail as the line's first voyage. Marking the end of the Disney Renaissance, Tarzan (1999) was released on June 12, garnering $ 448 million at the box office and critical acclaim; it claimed the Academy Award for Best Original Song for Phil Collins ' " You'll Be in My Heart ". Disney-Pixar film Toy Story 2
25620-701: The daily result of either investing in ( NYSE Arca : UDOW ) or shorting ( NYSE Arca : SDOW ) the Dow Jones Industrial Average. In the derivatives market, the CME Group through its subsidiaries the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), issues Futures Contracts; the E-mini Dow ($ 5) Futures (YM) , which track the average and trade on their exchange floors respectively. Trading
25830-629: The day, returning to its mid-July lows below 11,000. A series of bailout packages, including the Emergency Economic Stabilization Act of 2008 , proposed and implemented by the Federal Reserve and United States Department of the Treasury did not prevent further losses. After nearly six months of extreme volatility during which the Dow experienced its largest one-day point loss, largest daily point gain, and largest intraday range (of more than 1,000 points) at
26040-523: The deal was canceled because General Electric wanted to keep a majority stake. In 1994, Disney's annual revenue reached $ 10 billion, 48% coming from film, 34% from theme parks, and 18% from merchandising. Disney's total net income was up 25% from the previous year at $ 1.1 billion. Grossing over $ 346 million, Pocahontas was released on June 16, garnering the Academy Awards for Best Musical or Comedy Score and Best Song for " Colors of
26250-488: The deal was completed, resulting in the companies terminating merger negotiations. On November 17, 1989, Disney released The Little Mermaid , which was the start of the Disney Renaissance , a period in which the company released hugely successful and critically acclaimed animated films. The Little Mermaid became the animated film with the highest gross from its initial run and garnered $ 233 million at
26460-458: The decade, the Dow saw a rather substantial pullback for a negative return from 11,497.12 to 10,428.05, a loss of a 9.3%. During the first half of the 2010s decade, aided by the Federal Reserve 's loose monetary policy including quantitative easing , the Dow made a notable rally attempt. This was despite significant volatility due to growing global concerns such as the European debt crisis ,
26670-491: The definition. In the early 2000s, a classification called the "seven mass media" came into use. In order of introduction, they are: Each mass medium has its own content types, creative artists, technicians and business models. For example, the Internet includes blogs , podcasts , web sites and various other technologies built atop the general distribution network. The sixth and seventh media, Internet and mobile phones, are often referred to collectively as digital media ; and
26880-622: The end of 1935, beginning with the Silly Symphony short Flowers and Trees (1932). The film was the first full-color cartoon and won the Academy Award for Best Cartoon. In 1933, The Three Little Pigs , another popular Silly Symphony short, was released and also won the Academy Award for Best Cartoon. The song from the film " Who's Afraid of the Big Bad Wolf? ", which was composed by Frank Churchill —who wrote other Silly Symphonies songs—became popular and remained so throughout
27090-408: The ensuing Great Depression over the next several years saw the Dow continue to fall until July 8, 1932, when it closed at 41.22, roughly two-thirds of its mid-1880s starting point and almost 90% below its peak. Overall for the 1920s decade, the Dow still ended with a healthy 131.7% gain, from 107.23 to 248.48 at the end of 1929. In inflation-adjusted numbers, the high of 381.17 on September 3, 1929,
27300-488: The events surrounding the 1997 Asian financial crisis plunged the Dow into a 554-point loss to a close of 7,161.15; a retrenchment of 7.18% in what became known as the October 27, 1997 mini-crash . However, the Dow continued climbing past 9,000 despite negativity surrounding the 1998 Russian financial crisis along with the subsequent fallout from the 1998 collapse of Long-Term Capital Management due to bad bets placed on
27510-837: The exception of Asia and the Pacific , where the dramatic increase in sales in a few select countries has offset falls in historically strong Asian markets such as Japan and the Republic of Korea . Most notably, between 2012 and 2016, India 's print circulation grew by 89 per cent. Outdoor media is a form of mass media which comprises billboards, signs, placards placed inside and outside commercial buildings/objects like shops/buses, flying billboards (signs in tow of airplanes), blimps, skywriting, AR advertising. Many commercial advertisers use this form of mass media when advertising in sports stadiums. Tobacco and alcohol manufacturers used billboards and other outdoor media extensively. However, in 1998,
27720-497: The first Disney Channel film to do so. Disney's 2006 live-action film Pirates of the Caribbean: Dead Man's Chest was Disney's biggest hit to that date and the third-highest-grossing film ever, making $ 1 billion at the box office. On June 28, the company announced it was replacing George Mitchell as chairman with a board members and former CEO of P&G John E. Pepper Jr. . The sequel High School Musical 2
27930-434: The first commercial film to be shown in stereo . However, Fantasia similarly performed poorly at the box office. In 1941, the company experienced a major setback when 300 of its 800 animators, led by one of the top animators Art Babbitt , went on strike for 5 weeks for unionization and higher pay. Walt Disney publicly accused the strikers of being party to a communist conspiracy, and fired many of them, including some of
28140-417: The first one being Toy Story . Dow Jones & Company , wanting to replace 3 companies in its industrial average , chose to add Disney in May 1991, stating Disney "reflects the importance of entertainment and leisure activities in the economy". Disney's next animated film Beauty and the Beast was released on November 13, 1991, and grossed nearly $ 430 million. It was the first animated film to win
28350-525: The first quarter of 2020, the DJIA fell 23%, its worst quarter since 1987. The market recovered in the third quarter, returning to 28,837.52 on October 12, 2020, and peaked momentarily at a new all-time high of 29,675.25 on November 9, 2020, at 14:00 ET, following that day's announcement of the success of the Pfizer–BioNTech COVID-19 vaccine in Phase III clinical trials. The Dow (as reported by
28560-581: The first season, over ten million children and five million adults watched it daily; and two million Mickey Mouse ears, which the cast wore, were sold. In December 1954, the five-part miniseries Davy Crockett , premiered as part of Disneyland , starring Fess Parker . According to writer Neal Gabler , "[It] became an overnight national sensation", selling 10 million Crockett coonskin caps. The show's theme song " The Ballad of Davy Crockett " became part of American pop culture, selling 10 million records. Los Angeles Times called it "the greatest merchandising fad
28770-403: The following companies, with a weighting as shown: As of November 8, 2024, the components of the DJIA have changed 59 times since its beginning on May 26, 1896. General Electric had the longest presence on the index, beginning in the original index in 1896 and ending in 2018, but was dropped and re-added twice between 1898 and 1907. Changes to the index since 1991 are as follows: Investing in
28980-412: The form of button/joystick combinations (on arcade games), a keyboard and mouse/ trackball combination (computer games), a controller ( console games), or a combination of any of the above. Also, more esoteric devices have been used for input, e.g., the player's motion. Usually there are rules and goals, but in more open-ended games the player may be free to do whatever they like within the confines of
29190-412: The fourth and fifth, radio and TV, as broadcast media . Some argue that video games have developed into a distinct mass form of media. While a telephone is a two-way communication device, mass media communicates to a large group. In addition, the telephone has transformed into a cell phone which is equipped with Internet access. A question arises whether this makes cell phones a mass medium or simply
29400-742: The influence of the Depression of 1920–1921 and certain international conflicts such as the Polish–Soviet War , the Irish Civil War , the Turkish War of Independence and the initial phase of the Chinese Civil War . After a peak of 381.17 on September 3, 1929, the bottom of the 1929 crash came just 2 months later on November 13, 1929, at 195.35 intraday, closing slightly higher at 198.69. The Wall Street Crash of 1929 and
29610-481: The interlinked web pages and other documents of the World Wide Web . Contrary to some common usage, the Internet and the World Wide Web are not synonymous: the Internet is the system of interconnected computer networks , linked by copper wires, fibre-optic cables, wireless connections etc.; the Web is the contents, or the interconnected documents , linked by hyperlinks and URLs . The World Wide Web
29820-414: The invention of digital recording and the compact disc in 1983 brought massive improvements in ruggedness and quality. The most recent developments have been in digital audio players . An album is a collection of related audio recordings, released together to the public, usually commercially. The term record album originated from the fact that 78 RPM phonograph disc records were kept together in
30030-414: The invention of the phonograph using purely mechanical techniques, the field has advanced with the invention of electrical recording, the mass production of the 78 record , the magnetic wire recorder followed by the tape recorder , the vinyl LP record . The invention of the compact cassette in the 1960s, followed by Sony's Walkman , gave a major boost to the mass distribution of music recordings, and
30240-443: The late 20th century, mass media could be classified into eight mass media industries: books, the Internet, magazines, movies, newspapers, radio, recordings and television. The explosion of digital communication technology in the late 20th and early 21st centuries made prominent the question: what forms of media should be classified as "mass media"? For example, it is controversial whether to include mobile phones and video games in
30450-543: The live-action Alice in Wonderland and the Disney-Pixar film Toy Story 3 , both of which grossed a little over $ 1 billion, making them the sixth-and-seventh films to do so; and Toy Story 3 became the first animated film to make over $ 1 billion and the highest-grossing animated film. That year, Disney became the first studio to release two $ 1-billion-dollar-earning films in one calendar year. In 2010,
30660-584: The mainstream, including music for movie soundtracks, Disney founded the recording label Hollywood Records on January 1, 1990. In September 1990, Disney arranged for financing of up to $ 200 million by a unit of Nomura Securities for Interscope films made for Disney. On October 23, Disney formed Touchwood Pacific Partners , which replaced the Silver Screen Partnership series as the company's movie studios' primary source of funding. Disney's first animated sequel The Rescuers Down Under
30870-479: The midst of a lengthy bear market. Between January 1973 and December 1974, the average lost 48% of its value in what became known as the 1973–1974 stock market crash , closing at 577.60 on December 6, 1974. The nadir came after prices dropped more than 45% over two years since the NYSE's high point of 1,003.16 on November 4, 1972. In 1976, the index reached 1,000 several times and it closed the year at 1,004.75. Although
31080-461: The most-expensive animated movie at $ 40 million, their first animated film to feature computer-generated imagery, and their first PG-rated animation because of its adult themes. The film was a box-office failure, leading the company to move the animation department from the studio in Burbank to a warehouse in Glendale, California . The film-financing partnership Silver Screen Partners II, which
31290-600: The most-watched live broadcast to that date. While the park's opening day was disastrous (restaurants ran out of food, the Mark Twain Riverboat began to sink, other rides malfunctioned, and the drinking fountains were not working in the 100 °F. (38 °C) heat), the park became a success with 161,657 visitors in its first week and 20,000 visitors a day in its first month. After its first year, 3.6 million people had visited, and after its second year, four million more guests came, making it more popular than
31500-530: The movement of the Russian ruble . On March 29, 1999, the average closed at 10,006.78, its first close above 10,000. This prompted a celebration on the New York Stock Exchange trading floor, complete with party hats. Total gains for the decade exceeded 315%; from 2,753.20 to 11,497.12, which equates to 12.3% annually. The Dow averaged a 5.3% return compounded annually for the 20th century,
31710-443: The next 4 years, Winkler handed the role of distributing the studio's shorts to her husband, Charles Mintz . In 1927, Mintz asked for a new series, and Disney created his first series of fully animated shorts, starring a character named Oswald the Lucky Rabbit . The series was produced by Winkler Pictures and distributed by Universal Pictures . The Walt Disney Studios completed 26 Oswald shorts. In 1928, Disney and Mintz entered into
31920-604: The next five years through Touchstone Pictures, with Disney getting 10% of the gross. The 2009 film Up garnered Disney $ 735 million at the box office, and the film won Best Animated Feature at the Academy Awards. Later that year, Disney launched a television channel named Disney XD , aimed at older children. The company bought Marvel Entertainment and its assets for $ 4 billion in August, adding Marvel's comic-book characters to its merchandising line-up. In September, Disney partnered with News Corporation and NBCUniversal in
32130-460: The next several years past 17,000 points until a brief 2015–2016 stock market selloff in the second half of 2015. It then picked up again in early 2016 and climbed past 25,000 points on January 4, 2018. On November 9, 2016, the day after Donald Trump 's victory over Hillary Clinton in the U.S. presidential election , the index soared, coming within roughly 25 points of its all-time intraday high to that point. Volatility returned in 2018 when
32340-431: The only top animator to remain with the Disney brothers. Disney and Iwerks replaced Oswald with a mouse character originally named Mortimer Mouse , before Disney's wife urged him to change the name to Mickey Mouse . In May 1928, Mickey Mouse debuted in test screenings of the shorts Plane Crazy and The Gallopin' Gaucho . Later that year, the studio produced Steamboat Willie , its first sound film and third short in
32550-500: The original twelve industrials that would eventually form Dow's most famous index. Dow calculated his first average purely of industrial stocks on May 26, 1896, creating what is now known as the Dow Jones Industrial Average . None of the original 12 industrials still remain part of the index. When it was first published in the mid-1880s, the index stood at a level of 62.76. It reached a peak of 78.38 during
32760-481: The other hand, two or more organisations may share a channel and each use it during a fixed part of the day, such as the Cartoon Network / Adult Swim . Digital radio and digital television may also transmit multiplexed programming, with several channels compressed into one ensemble . When broadcasting is done via the Internet the term webcasting is often used. In 2004, a new phenomenon occurred when
32970-402: The park, whose construction costs totaled $ 17 million. In October, with the success of Disneyland, ABC allowed Disney to produce The Mickey Mouse Club , a variety show for children; the show included a daily Disney cartoon, a children's newsreel, and a talent show. It was presented by a host, and talented children and adults called "Mousketeers" and "Mooseketeers", respectively. After
33180-660: The park. Construction began in July 1954. To finance the construction of Disneyland, Disney sold his home at Smoke Tree Ranch in Palm Springs and the company promoted it with a television series of the same name aired on ABC . The Disneyland television series, which would be the first in a long-running series of successful anthology television programs for the company, was a success and garnered over 50% of viewers in its time slot, along with praise from critics. In August, Walt formed another company Disneyland, Inc. to finance
33390-532: The previous year's $ 920 million. To help reduce costs, Disney announced it would lay off 4,000 employees and close 300–400 Disney stores. After winning the World Series in 2002 , Disney sold the Anaheim Angels for $ 180 million in 2003. In 2003, Disney became the first studio to garner $ 3 billion in a year at the box office. The same year, Roy Disney announced his retirement because of how
33600-420: The products, but rather that the products are available in principle to a plurality of recipients. The sequencing of content in a broadcast is called a schedule . With all technological endeavours a number of technical terms and slang have developed. Radio and television programs are distributed over frequency bands which are highly regulated in the United States. Such regulation includes determination of
33810-418: The public, while media critics have raised questions about holding the press itself accountable to the standards of professional journalism. Public relations is the art and science of managing communication between an organisation and its key publics to build, manage and sustain its positive image. Examples include: Publishing is the industry concerned with the production of literature or information –
34020-423: The quotations right before and after the event coincide: Since November 8, 2024, the Dow Divisor is 0.16268413125742 and every $ 1 change in price in a particular stock within the average equates to a 6.146881 (or 1 ÷ 0.16268413125742) point movement. Despite its unusual weighting by price rather than market capitalization, the Dow Jones Industrial Average is highly correlated with other proxies of
34230-725: The release of Steamboat Willie at the Colony Theater in New York, Mickey Mouse became an immensely popular character. Disney Brothers Studio made several cartoons featuring Mickey and other characters. In August 1929, the company began making the Silly Symphony series with Columbia Pictures as the distributor, because the Disney brothers felt they were not receiving their share of profits from Powers. Powers ended his contract with Iwerks, who later started his own studio. Carl W. Stalling played an important role in starting
34440-528: The same day). The index slowly retreated for the remainder of the week and into the next week, before coronavirus fears and an oil price war between Saudi Arabia and Russia sent the index into a tailspin , recording several days of losses (and gains ) of at least 1,000 points, a typical symptom of a bear market as previously seen in October 2008 during the 2007–2008 financial crisis . Volatility rose high enough to trigger multiple 15-minute trading halts . In
34650-468: The same year, The Lion King was released and was a massive success, becoming the second-highest-grossing film of all time behind Jurassic Park and the highest-grossing animated film of all time, with a gross total of $ 969 million. It was critically praised and garnered two Academy Awards—Best Score and Best Song for " Can You Feel the Love Tonight ". Soon after its release, Katzenberg left
34860-601: The second theme park in Walt Disney World, with around 10,000 people in attendance during the opening. The park cost over $ 900 million to construct, and consisted of the Future World pavilion and World Showcase representing Mexico, China, Germany, Italy, America, Japan, France, the UK, and Canada; Morocco and Norway were added in 1984 and 1988, respectively. The animation industry continued to decline and 69% of
35070-552: The series of content itself or to the method by which it is syndicated; the latter is also called podcasting. The host or author of a podcast is often called a podcaster. Mobile phones were introduced in Japan in 1979 but became a mass media only in 1998 when the first downloadable ringing tones were introduced in Finland. Soon most forms of media content were introduced on mobile phones, tablets and other portable devices, and today
35280-463: The series, and composed the music for early films but left the company after Iwerks' departure. In September, theater manager Harry Woodin requested permission to start a Mickey Mouse Club at his theater the Fox Dome to boost attendance. Disney agreed, but David E. Dow started the first-such club at Elsinore Theatre before Woodin could start his. On December 21, the first meeting at Elsinore Theatre
35490-431: The shares, forced out CEO Miller and replaced him with Michael Eisner , a former president of Paramount Pictures , and appointed Frank Wells as president. Eisner's first act was to make it a major film studio, which at the time it was not considered. Eisner appointed Jeffrey Katzenberg as chairman and Roy E. Disney as head of animation. Eisner wanted to produce an animated film every 18 months rather than four years, as
35700-404: The silver screen , photoplays , the cinema , picture shows , flicks and, most commonly, movies . Films are produced by recording people and objects with cameras , or by creating them using animation techniques or special effects . Films comprise a series of individual frames, but when these images are shown in rapid succession, an illusion of motion is created. Flickering between frames
35910-498: The stocks. He offered to buy 49% for $ 1.3 billion or the entire company for $ 2.75 billion. Disney, which had less than $ 10 million, rejected Steinberg's offer and offered to buy all of his stock for $ 326 million. Steinberg agreed, and Disney paid it all with part of a $ 1.3 billion bank loan, putting the company $ 866 million in debt. In 1984, shareholders Roy E. Disney, Sid Bass , Lillian and Diane Disney , and Irwin L. Jacobs —who together owned about 36% of
36120-402: The strip was published in 60 newspapers in the US, and in 20 other countries. After realizing releasing merchandise based on the characters would generate more revenue, a man in New York offered Disney $ 300 for license to put Mickey Mouse on writing tablets he was manufacturing. Disney accepted and Mickey Mouse became the first licensed character. In 1933, Disney asked Kay Kamen , the owner of
36330-575: The studio's 4th animated feature Dumbo (1941) on a cheaper budget, which performed well at the box office, infusing the studio with much needed cash. After US entry into World War II, many of the company's animators were drafted into the army. 500 United States Army soldiers occupied the studio for 8 months to protect a nearby Lockheed aircraft plant. While they were there, the soldiers fixed equipment in large soundstages and converted storage sheds into ammunition depots. The United States Navy asked Disney to produce propaganda films to gain support for
36540-427: The studio's best. Roy unsuccessfully attempted to persuade the company's main distributors to invest in the studio, which could no longer afford to offset production costs with employee layoffs. The anthology film The Reluctant Dragon (1941), ran $ 100,000 short of its production cost, contributing to the studio's financial woes. While negotiations to end the strike were underway, Walt and studio animators embarked on
36750-399: The studio's increasingly diverse portfolio of projects, including live-action films (of which Treasure Island was the studio's first), television and amusement parks . In 1950 the company made its first foray into television when NBC aired " One Hour in Wonderland ", a promotional program for Disney's next animated film, Alice in Wonderland (1951), and sponsored by Coca-Cola . Alice
36960-566: The studio. The final one, in 1923, was entitled Alice's Wonderland and depicted child actress Virginia Davis interacting with animated characters. While Laugh-O-Gram's shorts were popular in Kansas City, the studio went bankrupt in 1923 and Disney moved to Los Angeles, to join his brother Roy O. Disney , who was recovering from tuberculosis . Shortly after Walt's move, New York film distributor Margaret J. Winkler purchased Alice's Wonderland , which began to gain popularity. Disney signed
37170-399: The summer of 1890, but reached its all-time low of 28.48 in the summer of 1896 during the Panic of 1896 . Many of the biggest percentage price moves in the Dow occurred early in its history, as the nascent industrial economy matured. In the 1900s, the Dow halted its momentum as it worked its way through two financial crises: the Panic of 1901 and the Panic of 1907 . The Dow remained stuck in
37380-665: The ten best-selling printed books were originally released as mobile phone books. Similar to the internet, mobile is also an interactive media , but has far wider reach, with 3.3 billion mobile phone users at the end of 2007 to 1.3 billion internet users (source ITU). Like email on the internet, the top application on mobile is also a personal messaging service, but SMS text messaging is used by over 2.4 billion people. Practically all internet services and applications exist or have similar cousins on mobile, from search to multiplayer games to virtual worlds to blogs. Mobile has several unique benefits which many mobile media pundits claim make mobile
37590-605: The theme park industry. The company, which has been public since 1940, trades on the New York Stock Exchange (NYSE) with ticker symbol DIS and has been a component of the Dow Jones Industrial Average since 1991. In August 2020, about two-thirds of the stock was owned by large financial institutions. The company celebrated their 100th anniversary on October 16, 2023. In 1921, American animators Walt Disney and Ub Iwerks founded Laugh-O-Gram Studio in Kansas City, Missouri . Iwerks and Disney went on to create short films at
37800-434: The third screen (counting only TV and PC). A magazine is a periodical publication containing a variety of articles, generally financed by advertising or purchase by readers. Magazines are typically published weekly , biweekly , monthly , bimonthly or quarterly , with a date on the cover that is in advance of the date it is actually published. They are often printed in colour on coated paper , and are bound with
38010-534: The time, the index closed at a new 12-year low of 6,547.05 on March 9, 2009, its lowest close since April 1997. The Dow had lost 20% of its value in only six weeks. Towards the latter half of 2009, the average rallied towards the 10,000 level amid optimism that the Great Recession , the United States housing bubble and the 2007–2008 financial crisis , were easing and possibly coming to an end. For
38220-477: The total value of media consumed on mobile vastly exceeds that of internet content, and was worth over $ 31 billion in 2007 (source Informa). The mobile media content includes over $ 8 billion worth of mobile music (ringing tones, ringback tones, truetones, MP3 files, karaoke, music videos, music streaming services, etc.); over $ 5 billion worth of mobile gaming; and various news, entertainment and advertising services. In Japan mobile phone books are so popular that five of
38430-520: The value of the index is unaffected by the stock split. First calculated on May 26, 1896, the index is the second-oldest among U.S. market indices, after the Dow Jones Transportation Average . It was created by Charles Dow , co-founder of both The Wall Street Journal and Dow Jones & Company , and named after him and his business associate, statistician Edward Jones . The index is maintained by S&P Dow Jones Indices , an entity majority-owned by S&P Global . Its components are selected by
38640-458: The virtual universe. In common usage, an " arcade game " refers to a game designed to be played in an establishment in which patrons pay to play on a per-use basis. A "computer game" or " PC game " refers to a game that is played on a personal computer. A " Console game " refers to one that is played on a device specifically designed for the use of such, while interfacing with a standard television set. A "video game" (or "videogame") has evolved into
38850-425: The war, and with the studio badly in need of profits, Disney agreed, signing a contract for 20 war-related shorts for $ 90,000. Most of the company's employees worked on the project, which spawned films such as Victory Through Air Power , and others which included some of the company's characters. In August 1942, Disney released its fifth feature film, Bambi, after five years in development, and performed poorly at
39060-456: The water park Typhoon Lagoon in June 1989; in 2022 it had 1.9 million visitors and was the most popular water park in the world. Also in 1989, Disney signed an agreement-in-principle to acquire The Jim Henson Company from its founder. The deal included Henson's programming library and Muppet characters —excluding the Muppets created for Sesame Street —as well as Henson's personal creative services. Henson, however, died in May 1990 before
39270-1171: The web, by such means as linking to or running TV ads online, or distributing QR codes in outdoor or print media to direct mobile users to a website. In this way, they can use the easy accessibility and outreach capabilities the Internet affords, as thereby easily broadcast information throughout many different regions of the world simultaneously and cost-efficiently. Outdoor media transmits information via such media as augmented reality (AR) advertising ; billboards ; blimps ; flying billboards (signs in tow of airplanes); placards or kiosks placed inside and outside buses, commercial buildings, shops, sports stadiums, subway cars, or trains; signs; or skywriting . Print media transmit information via physical objects, such as books , comics , magazines , newspapers , or pamphlets . Event organising and public speaking can also be considered forms of mass media. Mass media organisations or mass media companies that control these technologies include movie studios, publishing companies, and radio and television stations (the latter are also sometimes known as mass media networks ); they often form media conglomerates . In
39480-570: The width of the bands, range, licensing, types of receivers and transmitters used, and acceptable content. Cable television programs are often broadcast simultaneously with radio and television programs, but have a more limited audience. By coding signals and requiring a cable converter box at individual recipients' locations, cable also enables subscription -based channels and pay-per-view services. A broadcasting organisation may broadcast several programs simultaneously, through several channels ( frequencies ), for example BBC One and Two . On
39690-399: The world had ever seen". In June 1955, Disney's 15th animated film Lady and the Tramp was released and performed better at the box office than any other Disney films since Snow White . Disneyland opened on July 17, 1955; it was a major media event, broadcast live on ABC with actors Art Linkletter , Bob Cummings , and Ronald Reagan hosting. It garnered over 90 million viewers, becoming
39900-420: The year. In 2002, the Dow dropped to a four-year low of 7,286 on September 24, 2002, due to the stock market downturn of 2002 and lingering effects of the dot-com bubble . Overall, while the NASDAQ index fell roughly 75% and the S&P 500 index fell roughly 50% between 2000 and 2002, the Dow only fell 27% during the same period. In 2003, the Dow held steady within the 7,000 to 9,000-point level and recovered to
40110-408: Was Walt's dream. EPCOT became less the City of Tomorrow, and more another amusement park. After 18 months of construction at a cost of around $ 400 million, Walt Disney World's first park the Magic Kingdom, along with Disney's Contemporary Resort and Disney's Polynesian Resort , opened on October 1, 1971, with 10,400 visitors. A parade with over 1,000 band members, 4,000 Disney entertainers, and
40320-486: Was a response to other Science fiction films of the era. In September, 12 animators, which was over 15% of the department, resigned. Led by Don Bluth , they left because of a conflict with the training program and the atmosphere, and started their own company Don Bluth Productions . In 1981, Disney released Dumbo to VHS and Alice in Wonderland the following year, leading Disney to eventually release all its films on home media. On July 24, Walt Disney's World on Ice ,
40530-434: Was an immediate critical and commercial success, becoming the highest-grossing film up to that point, grossing $ 8 million (equivalent to $ 169,555,556 in 2023 dollars); after re-releases, it grossed a total of $ 998,440,000 in the US adjusted for inflation. Using the profits from Snow White , Disney financed the construction of a new 51-acre studio complex in Burbank , which the company fully moved into in 1940 and where
40740-419: Was attended by around 1,200 children. On July 24, 1930, Joseph Conley, president of King Features Syndicate , wrote to the Disney studio and asked the company to produce a Mickey Mouse comic strip; production started in November and samples were sent to King Features. On December 16, 1930, the Walt Disney Studios partnership was reorganized as a corporation with the name Walt Disney Productions, Limited, which had
40950-464: Was expected to do well, the company lost $ 48 million after its first year, with around 916,000 subscribers. In 1983, Walt's son-in-law Ron W. Miller , who had been president since 1978, became its CEO, and Raymond Watson became chairman. Miller wanted the studio to produce more content for mature audiences, and Disney founded film distribution label Touchstone Pictures to produce movies geared toward adults and teenagers in 1984. Splash (1984)
41160-408: Was financially unsuccessful, falling $ 1 million short of the production budget. In February 1953, Disney's next animated film Peter Pan was released to financial success; it was the last Disney film distributed by RKO after Disney ended its contract and created its own distribution company Buena Vista Distribution . According to Walt, he first had the idea of building an amusement park during
41370-541: Was formed in 1952 to design and construct the park. Drawing inspiration from amusement parks in the US and Europe, Walt approached the design of Disneyland with an emphasis on thematic storytelling and cleanliness, innovative approaches for amusement parks of the time. The plan to build the park in Burbank was abandoned when Walt realized 8 acres would not be enough to accomplish his vision. Disney acquired 160 acres (65 ha) of orange groves in Anaheim , southeast of LA in neighboring Orange County , at $ 6,200 per acre to build
41580-423: Was not surpassed until 1954. Marked by global instability and the Great Depression, the 1930s contended with several consequential European and Asian outbreaks of war, leading to the catastrophic World War II in 1939. Other conflicts during the decade which affected the stock market included the 1936–1939 Spanish Civil War , the 1935–1936 Second Italo-Abyssinian War , the Soviet-Japanese Border War of 1939 , and
41790-456: Was one of the financially successful comedies of the early 1990s, grossing $ 231 million; action film Con Air (1997), which grossed $ 224 million; and the highest-grossing film of 1998 at $ 553 million Armageddon . At Disney World, the company opened Disney's Animal Kingdom , the largest theme park in the world covering 580 acres (230 ha) on Earth Day , April 22, 1998. It had six animal-themed lands, over 2,000 animals, and
42000-400: Was organized in 1985, financed films for Disney with $ 193 million. In January 1987, Silver Screen Partners III began financing movies for Disney with $ 300 million raised by E.F. Hutton , the largest amount raised for a film-financing limited partnership. Silver Screen IV was also set up to finance Disney's studios. In 1986, the company changed its name from Walt Disney Productions to
42210-456: Was postponed. Despite Pinocchio 's critical acclaim (it won the Academy Awards for Best Song and Best Score and was lauded for groundbreaking achievements in animation), the film performed poorly at the box office, due to World War II affecting the international box office. The company's third feature Fantasia (1940) introduced groundbreaking advancements in cinema technology, chiefly Fantasound , an early surround sound system making it
42420-660: Was released in 1970; according to Dave Kehr of Chicago Tribune , "the absence of his [Walt's] hand is evident". The following year, the anti-fascist musical Bedknobs and Broomsticks was released and won the Oscar for Best Special Visual Effects . At the time of Walt's death, Roy was ready to retire but wanted to keep Walt's legacy alive; he became the first CEO and chairman of the company. In May 1967, Roy had legislation passed by Florida's legislatures to grant Disney World its own quasi-government agency in an area called Reedy Creek Improvement District . Roy changed Disney World's name to Walt Disney World to remind people it
42630-420: Was released in 1977, grossing $ 16 million in the US and Canada, but was a disappointment to the company. In 1979, Disney's first PG-rated film and most expensive film to that point at $ 26 million The Black Hole was released, showing Disney could use special effects. It grossed $ 35 million, a disappointment to the company, which thought it would be a hit like Star Wars (1977). The Black Hole
42840-436: Was released in 2007 on Disney Channel and broke several cable rating records. In April 2007, the Muppets Holding Company was moved from Disney Consumer Products to the Walt Disney Studios division and renamed the Muppets Studios to relaunch the division. Pirates of the Caribbean: At World's End became the highest-grossing film of 2007 at $ 960 million. Disney-Pixar films Ratatouille (2007) and WALL-E (2008) were
43050-525: Was released on November 11, 1992, and grossed $ 504 million, becoming the highest-grossing animated film to that point, and the first animated film to gross a half-billion dollars. It won two Academy Awards—Best Song for " A Whole New World " and Best Score; and "A Whole New World" was the first-and-only Disney song to win the Grammy for Song of the Year . For $ 60 million, Disney broadened its range of mature-audience films by acquiring independent film distributor Miramax Films in 1993. The same year, in
43260-464: Was released on November 13, garnering praise and $ 511 million at the box office. To replace Ovitz, Eisner named ABC network chief Bob Iger Disney's president and chief operating officer in January 2000. In November, Disney sold DIC Entertainment back to Andy Heyward . Disney had another huge success with Pixar when they released Monsters, Inc. in 2001. Later, Disney bought children's cable network Fox Family Worldwide for $ 3 billion and
43470-428: Was released on November 16, 1990, and created using Computer Animation Production System (CAPS), digital software developed by Disney and Pixar —the computer division of Lucasfilm —becoming the first feature film to be entirely created digitally. Although the film struggled in the box office, grossing $ 47 million, it received positive reviews. In 1991, Disney and Pixar agreed to a deal to make three films together,
43680-434: Was released to major commercial success and rapturous critical acclaim, becoming the year's highest-grossing film and winning five Academy Awards, including Best Actress for Julie Andrews as Poppins and Best Song for the Sherman Brothers, who also won Best Score for the film's " Chim Chim Cher-ee ". Throughout the 1960s, Dean Jones , whom The Guardian called "the figure who most represented Walt Disney Productions in
43890-421: Was the first film released under the label, and a much-needed success, grossing over $ 6 million in its first week. Disney's first R-rated film Down and Out in Beverly Hills (1986) was released and was another hit, grossing $ 62 million. The following year, Disney's first PG-13 rated film Adventures in Babysitting was released. In 1984, Saul Steinberg attempted to buy out the company, holding 11% of
44100-595: Was then the 2nd-largest corporate takeover in US history. Through the deal, Disney would obtain broadcast network ABC, an 80% majority stake in sports networks ESPN and ESPN 2 , 50% in Lifetime Television , a majority stake of DIC Entertainment , and a 38% minority stake in A&E Television Networks . Following the deal, the company started Radio Disney , a youth-focused radio program on ABC Radio Network , on November 18, 1996. The Walt Disney Company launched its official website disney.com on February 22, 1996, mainly to promote its theme parks and merchandise. On June 19,
#416583