214-531: Disney Experiences , commonly known as Disney Parks , is one of the three major divisions of The Walt Disney Company . It was founded on April 1, 1971, exactly six months before the opening of Walt Disney World . Led by Josh D'Amaro , the company's theme parks hosted over 157.3 million guests, making Disney Parks the world's most visited theme park company worldwide, with United Kingdom-based Merlin Entertainments coming in second at 67 million guests. It
428-477: A Disneyland resort in Shanghai 's Pudong district. The resort opened on June 16, 2016. California Adventure completed its overhaul in 2012 adding two new lands: Cars Land and Buena Vista Street . The overhaul also included a re-themed of several attractions plus a pair of classic dark rides. In July 2017, it was announced that Paradise Pier land would be replaced by Pixar Pier, with four neighborhoods, and
642-540: 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
856-553: A vehicle for hire service for a fee. The Minnie Van Service are Chevy Traverses dressed in a Minnie Mouse red-and-white polka dot design that can accommodate up to six people and have two carseats available to anyone that is within the Walt Disney World Resort limits. Cast members can install the car seats. Some of the unique advantages that the Minnie Van Service offers over a normal ride share
1070-645: 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
1284-532: A 15-year marketing contract on January 25: Coca-Cola products would be exclusive in Disney theme parks, and Coca-Cola would use some Disney characters in their ads. On March 16, 1990, Attractions president Nunis announced a 25-year plan for a 4,400-acre (1,800 ha) development in Osceola, Florida , with homes, shopping malls and industrial buildings. In 1990, the possibility of a West Coast version of Epcot Center
1498-441: 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
1712-567: A 54.1% reduction in annual attendance. This capacity limit causes less annual revenue, and may lower the number of visitors to the Orlando region. The Walt Disney World Resort is serviced by Disney Transport , a complimentary mass transportation system allowing guest access across the property. The fare-free system utilizes buses, monorails, gondola lifts, watercraft, and parking lot trams. The Walt Disney World Monorail System provides free transportation at Walt Disney World; guests can board
1926-1020: A Japanese theme park. Tokyo Disneyland opened on April 15, 1983 on 200 acres (80 ha) in Urayasu, Chiba , Japan. With the retirement of Donn Tatum as Walt Disney Productions' Chairman and CEO on June 3, 1980, three divisions were formed, including the Walt Disney Outdoor Recreation Division, of which Disney Legend, Dick Nunis was named division president. Disneyland started using Disney Dollars on May 5, 1987, while Walt Disney World parks started with Epcot on October 2. A renegotiated Disneyland Japan royalty agreement in April 1988 by Chief Financial Officer Gary L. Wilson netted Disney US$ 723 million in cash in exchange for lower royalty payments. The steam railroad and monorail at Disneyland were purchased from Retlaw Enterprises , formerly WED Enterprises, in 1982. Bear Country
2140-442: 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
2354-547: A U.S. traveling attraction, which premiered in September 1996. The fair was poorly attended and was pulled after a few stops. Disney Entertainment Projects (Asia Pacific) Inc., a new Disney Asian Pacific subsidiary, selected a renamed fair called DisneyFest as its first project, taking it to Singapore to open there on October 30, 1997. In November 1995, Disney announced the building of Tokyo DisneySea , to be owned by Oriental along with Tokyo Disneyland. Oriental and Disney signed
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#17327795864222568-692: 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
2782-615: A competition to find a town to become twinned with. In December 2009, after Rebecca Warren won the competition with a poem, they announced the resort will be twinned with the English town of Swindon . George Kalogridis was named president of the resort in December 2012, replacing Meg Crofton , who had overseen the site since 2006. As of October 27, 2014, Walt Disney World is covered by a permanent FAA prohibited airspace zone that restricts all airspace activities without approval from
2996-616: A complimentary transportation and luggage service offered to Walt Disney Resort guests that began in 2005, ended in January 2022. In August 2021, the Walt Disney Company announced that FastPass +, which had been free since its introduction in 1999, would be retired and replaced with Genie+, starting at $ 18 to $ 35 per day. This new system includes the option of adding "Lightning Lane", which will be used for top-tier attractions, for an additional charge. The pricing range depends on
3210-402: 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
3424-458: 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
3638-813: A corner of the Magic Kingdom parking lot, the Walt Disney World Speedway opened on November 28, 1995. In 1996, the Disney Institute opened on February 9, and Disney's BoardWalk opened on July 1. The first of the World of Disney stores opened in the Disney Village Marketplace on October 3. The Downtown Disney district opened in November 1997, combining Disney Village Marketplace and Pleasure Island. A fourth theme park, Disney's Animal Kingdom , opened at Disney World
3852-401: A cost of $ 400 million. The Magic Kingdom had six themed lands: Main Street , Adventureland , Fantasyland , Frontierland, Liberty Square , and Tomorrowland. Additionally, Disney's Fort Wilderness Resort campground and two hotels, Disney's Contemporary Resort and Disney's Polynesian Village Resort , also opened. Disneyland expanded in 1972 with a seventh themed land, Bear Country , replacing
4066-537: A deal for Disney-produced TV show and Disneyland investment. American Broadcasting-Paramount Theatres (AB-PT) agreed to the Disneyland, Inc. investment. Joining AB-PT as Disneyland investors were Walt Disney Productions (WDP), Western Publishing and Walt Disney . Walt Disney Productions had the option to repurchase the Walt Disney, WED and Western Publishing shares (31%) by May 1, 1959, for $ 562,500. With
4280-634: 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
4494-576: 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,
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#17327795864224708-479: A few miles southwest of Orlando in Osceola County . In addition, two large tracts totaling $ 1.5 million were sold, and smaller tracts of flatlands and cattle pastures were purchased by exotically named companies, such as the "Ayefour Corporation", "Latin-American Development and Management Corporation", and the "Reedy Creek Ranch Corporation". Some are now memorialized on a window above Main Street, U.S.A. in
4922-590: A fleet of watercraft, ranging in size from water taxis , up to the ferries that connect the Magic Kingdom to the Transportation and Ticket Center. Disney Transport is also responsible for maintaining the fleet of parking lot trams that are used for shuttling visitors between the various theme park parking lots and their respective main entrances. In addition to its free transportation methods, in conjunction with Lyft , Walt Disney World also offers
5136-416: 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
5350-551: 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
5564-617: A joint venture, Hong Kong International Theme Parks Ltd., between the Hong Kong Government and Disney Resorts. The Disney Wonder cruise ship began operation on August 15. Disney World's Discovery Island was closed on April 8, 1999. Walt Disney Attractions, LLC changed its name to Walt Disney Parks and Resorts, LLC on April 14, 2000, then to Disney Destinations, LLC on April 25, 2006. Tokyo DisneySea at Tokyo Disney Resort opened on September 4, 2001. The Walt Disney Company in selling its Japanese and US chains decided to keep
5778-431: 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,
5992-529: A licensing agreement with Metro-Goldwyn-Mayer (MGM), giving Disney the right to use the MGM name, logo and movie library for this third park. Construction of the Disney-MGM Studios theme park began in 1986. Disney-MGM Studios opened on May 1, 1989, along with a Pleasure Island entertainment area; its second water park, Disney's Typhoon Lagoon , opened on June 1. In 1983, Walt Disney World Village's name
6206-840: 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
6420-480: 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,
6634-922: A need for the Disneyland Hotel nearby and no funding available for Disney to build it, Walt Disney approached Jack Wrather to build the hotel who agreed. Disneyland , changed from Disneylandia, was announced in April 1954 by Walt to be opened in July 1955 . On July 17, 1955 , the Disneyland park opened with five themed "lands" containing eighteen attractions with double the expected guests. WED owned Santa Fe & Disneyland Railroad opened, too. On June 29, 1957, Disney Production exercised its options to purchase all but AB-PT's common stock outstanding. This allowed WDP to consolidate DLI into its 1957 annual accounting statements adding four months' worth of net profits, $ 511K. In June 1960, Walt Disney Productions completed
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6848-501: 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
7062-471: A popular rumor that Disney was building an "East Coast" version of Disneyland. However, the publication denied its accuracy based on an earlier interview with Disney at Kennedy Space Center. In that interview, he claimed a $ 50 million investment was in the works for Disneyland, and that he had no interest in building a new park. In October 1965, editor Emily Bavar from the Sentinel visited Disneyland during
7276-638: A resort at Ko Olina Resort & Marina in Kapolei, Hawaii , featuring both a hotel and Disney Vacation Club timeshare units. The 800-unit property, named Aulani , opened in 2011 and joined the other resorts not associated with a theme park, such as Disney's Hilton Head Island Resort in South Carolina. With the Walt Disney World Millennium Celebration starting on October 1, 2000, sanctioned Disney pin trading
7490-528: A self-produced live arena show starting in 1969. Small World and its famous song lasted two years at the fair; it was then moved to Disneyland as an expanded major attraction in 1966 and later duplicated in the other Disney theme parks. In 1965, Walt Disney won a bid with the US Forest Service to develop Mineral King as a ski resort. The Sierra Club sued in June 1969 to stop the development, which
7704-533: A shopping, dining, and entertainment complex. Additionally, there are 19 Disney-owned resort hotels and one camping resort on the property, and many other non-Disney-operated resorts on and near the property. Designed to supplement Disneyland in Anaheim, California, which had opened in 1955, the complex was developed by Walt Disney in the 1960s. Walt wanted to build a new park because Disneyland in California
7918-417: A single hotel instead of some managing multiple hotels. On October 18, 2017, it was announced that resort visitors could bring pet dogs to Disney's Yacht Club Resort , Disney's Port Orleans Resort – Riverside, Disney's Art of Animation Resort , and Disney's Fort Wilderness Resort & Campground . In 2019, Josh D'Amaro replaced George Kalogridis as president of the resort. He had previously held
8132-752: 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
8346-494: 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
8560-841: 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
8774-578: A three land expansion: Mystic Point , Grizzly Gulch , and Toy Story Land . In June 2005, Disney Magic made the first cruise outside of the Caribbean, by moving its port for the summer to Los Angeles with a Mexican Riviera schedule. Disney Cruise Line ordered a new 2 ships class from Meyer Werft shipyard in Germany by February 22, 2007. The Magic in May 2007 transferred its homeport to Barcelona, Spain, for
Disney Experiences - Misplaced Pages Continue
8988-464: 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
9202-528: A trip to Florida for final site selection. In 1962, Disney Productions purchased Celebrity Sports Center (opened on September 17, 1960, in Denver, Colorado) from its owners, including Walt Disney, Art Linkletter , and John Payne , to use as a staff training center for its second resort. In 1963, Roy made plans to buy from 5,000 to 10,000 acres (2,000 to 4,000 ha), which was carried out in 1964, amassing 27,443 acres (11,106 ha) by October 1965 . Plans for
9416-720: 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
9630-650: A variety of activities throughout the year, including runDisney marathon races and dance and cheer competitions in partnership with Varsity Cheer. It was also the site for the MLS is Back tournament . On July 11, 2020, Disney World officially reopened, beginning operations at 25% capacity at the Magic Kingdom and Disney's Animal Kingdom , as a result of the COVID-19 pandemic in Florida . Four days later, EPCOT and Disney's Hollywood Studios for operation at 25% capacity to
9844-501: 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
10058-540: 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 ),
10272-437: Is 22.7 sq mi). The company acquired nearly 3,000 additional acres, in separate transactions, between December 2018 and April 2020. 12% of the site area is occupied by hotels and resorts, and 5% of the area is water. Disney's property includes four golf courses open to the general public. The 18-hole golf courses are Disney's Palm (4.5 stars), Disney's Magnolia (4 stars), and Disney's Lake Buena Vista (4 stars). There
10486-428: Is Disney's largest business segment by employee headcount, with approximately 130,000 of the company's 180,000 employees as of 2015. In March 2018, Disney Consumer Products and Interactive Media was merged into Parks and Resorts and renamed Disney Parks, Experiences and Products. In September 2020, Disney Parks, Experiences and Products laid off 28,000 employees in wake of the COVID-19 pandemic . Originally, entry into
10700-699: Is also a nine-hole walking course called Disney's Oak Trail , that features junior tees for younger golfers and a Footgolf course. Palm, Magnolia, and Oak Trail are connected and share one entrance near Shades of Green in the Magic Kingdom Resort Area, while the Lake Buena Vista course is located in the Disney Springs Resort Area. Walt Disney World golf courses are staffed by third-party Arnold Palmer Golf Management. The Magnolia and Palm courses played home to
10914-496: 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
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#173277958642211128-628: Is in memory of the man who started it all, so people will know his name as long as Walt Disney World is here." After the dedication, Roy Disney asked Walt's widow, Lillian , what she thought of Walt Disney World. According to biographer Bob Thomas, she responded, "I think Walt would have approved." Roy Disney died at age 78 on December 20, 1971, less than three months after the property opened. Admission prices in 1971 were $ 3.50 for adults, $ 2.50 for juniors under age 18, and one dollar for children under twelve. Much of Walt Disney's plans for his Progress City concept were abandoned after his death and after
11342-730: Is not within Orlando city limits but is southwest of Downtown Orlando. Much of the resort is in southwestern Orange County , with the remainder in adjacent Osceola County . The property includes the cities of Lake Buena Vista and Bay Lake which are governed by the Central Florida Tourism Oversight District (formerly Reedy Creek Improvement District). The site is accessible from Central Florida's Interstate 4 via Exits 62B (World Drive), 64B ( US 192 West), 65B ( Osceola Parkway West), 67B ( SR 536 West), and 68 ( SR 535 North), Exit 6 on SR 417 South ,
11556-425: Is offered to all Cast eligible at the start of employment. Each staff location on property has an official designated as shop steward , who bargains with Disney leadership when needed to defend the rights designated within the contract. In the first year of opening, the park attracted 10,712,991 visitors. In 2018, the resort's four theme parks all ranked in the top 9 on the list of the 25 most visited theme parks in
11770-568: 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
11984-416: Is operated by Disney Experiences , a division of The Walt Disney Company . The property covers nearly 25,000 acres (39 sq mi; 101 km ), of which half has been developed. Walt Disney World contains numerous recreational facilities designed to attract visitors for an extended stay, including four theme parks, two water parks, four golf courses, conference centers, a competitive sports complex and
12198-724: Is renamed Disney's Hollywood Studios in January 2008. Pleasure Island 's core remaining six nightclubs were closed down in late 2008 to change the area to match the family friendly make-up of the other two sections of Downtown Disney at Disney World. Walt Disney Studios Park opened March 16, 2002, as the second theme park at the renamed Disneyland Resort Paris . The first park was renamed Disneyland Park (DLP). DLP Paris opened in August 2000 Toy Story Playland with three attractions. Construction on Hong Kong Disneyland began on January 12, 2003, then opened September 12, 2005. Groundbreaking occurred at Hong Kong Disneyland in December 2009 for
12412-555: Is the ability to be dropped off in the Magic Kingdom bus loop (instead of at the TTC like the other ride shares) and being able to ride to any point in Fort Wilderness. Walt Disney World requires an estimated 1 billion kilowatt-hours (3.6 billion megajoules) of electricity annually, costing the company nearly $ 100 million in annual energy consumption. In addition to relying primarily on fossil fuels and nuclear energy from
12626-512: 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
12840-453: 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
13054-623: The COVID-19 pandemic , beginning March 15, 2020. In 2020, Disney World laid off 6,500 employees and only operated at 25% capacity after reopening during the COVID-19 pandemic . In June 2020 , Walt Disney World was chosen to host the NBA Bubble for play of the 2019–20 season of the National Basketball Association (NBA) to resume at the ESPN Wide World of Sports Complex . The ESPN Complex, hosts
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#173277958642213268-639: The Centers for Disease Control as the delta variant drove a significant increase in local cases. These reinstated mandates were lifted in February 2022. In April 2022, following a court decision ending the federal mask mandate for public transportation, the mask mandates on Disney transportation were lifted. Starting on October 1, 2021, the resort honored its 50th anniversary with "The World's Most Magical Celebration", which lasted for 18 consecutive months ending on March 31, 2023. Disney's Magical Express ,
13482-519: The Central Florida Tourism Oversight District , respectively. The entire Disney Transport bus fleet uses R50 renewable diesel fuel , obtained from used cooking oil and non-consumable food waste from the resort. Disney's security personnel are generally dressed in typical security guard uniforms, though some of the personnel are dressed as tourists in plain clothes. Since September 11, 2001 , uniformed security has been stationed outside each Disney park in Florida to search guests' bags as they enter
13696-688: The Disney Stores in Europe, along with the store in Manhattan, which was converted into a World of Disney store run by Walt Disney Parks and Resorts in 2004. Downtown Disney opened at the Disneyland Resort on January 12, 2001, between Disneyland and the future California Adventure. Disney California Adventure opened at the Disneyland Resort on February 8, 2001, with three major areas: Paradise Pier, Hollywood Pictures Backlot, and
13910-567: The Disney Wilderness Preserve . The Disney Inn hotel was leased starting February 1, 1994, by the US Army, then purchased on January 12, 1996, and later renamed Shades of Green. Planet Hollywood opened a location in Pleasure Island on December 17, 1994. The third water park at Walt Disney World, Disney's Blizzard Beach , opened on April 1, 1995. The Magic Kingdom's Tomorrowland was completely refurbished and reopened in June 1995. Taking up
14124-626: 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
14338-553: The Magic Kingdom , EPCOT , Wide World of Sports , Animal Kingdom , or Disney Springs . Informally known as the "Disney Bubble", staying on property is considered an immersive experience. Additionally, 12 independently operated hotels are located on property leased from Disney, offering approximately 7,300 additional rooms. There is also an on-site pet hotel operated by Best Friends Pet Care for guests traveling with animals. Walt Disney World has several departments that handle various activities and events that are offered throughout
14552-502: 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
14766-703: The Queen Mary and Spruce Goose tourist attractions. In March 1988, Disney purchased Industrial Equity's half of Wrather Corporation. In 1985, Premier Cruise Line became the licensed partner cruise line with Disney. This allowed Disney characters on their ships and combined cruise, hotel, and theme park packages. The Walt Disney Outdoor Recreation Division was incorporated as Walt Disney Attractions, Inc. on August 10, 1989. In January 1990, Disney CEO Eisner announced plans to expand both Disneyland (by 20% in 10 years) and Walt Disney World (WDW). The plan would have WDW add another theme park and 16 new attractions in Disney-MGM Studios. Disney and The Coca-Cola Company agreed to
14980-542: 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
15194-438: The federal government of the United States , including usage of drones . On January 21, 2016, the resort's management structure was changed, with general managers within a theme park being in charge of an area or land, instead of on a functional basis, as previously configured. Theme parks have already had a vice-president overseeing them. Disney Springs and Disney Sports were also affected. Now hotel general managers manage
15408-574: 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
15622-442: 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
15836-505: 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
16050-402: The 3,000 acres (1,200 ha) called for a 150-acre (61 ha) amusement park, a campground, a golf course, 2 million square feet (190,000 m) of office/commercial space, and 2500 homes. With projections indicating that the park would operate at a loss and with opposition in the press, Disney canceled the project on September 15, 1994. Walt Disney Imagineering created Disney Fair ,
16264-647: The Central Florida GreeneWay and Exit 8 on SR 429 , the Western Beltway. At its founding, the resort occupied approximately 27,443 acres (43 sq mi; 111 km ). Portions of the property have since been sold or de-annexed, including land now occupied by the Disney-built community of Celebration . By 2014, the resort occupied nearly 25,000 acres (39 sq mi; 101 km ) (larger than Manhattan, New York City, which
16478-513: The DisneySea licensing agreement in November 1997; the theme park was scheduled to open in 2001 at a cost of $ 2.6 billion. In December 1998, Walt Disney Attractions added Disneyland Paris , Disney Regional Entertainment and Walt Disney Imagineering to its portfolio, which already held Disney World, Disney Cruise Line, Disneyland, and Tokyo Disneyland. Chairman Dick Nunis retired at the same time. On October 31, 1999, Walt Disney Attractions, Inc.
16692-653: The Florida project that would eventually become Walt Disney World were announced to the public in November 1965. Legislation forming the Reedy Creek Improvement District , the Reedy Creek Improvement Act , was signed into law by Florida Governor Claude R. Kirk, Jr. on May 12, 1967, allowing Disney to build the infrastructure for the second park. Ground breaking followed for the future Reedy Creek park on May 30. In Roy O. Disney's last act as CEO in 1968, he officially named
16906-541: The Golden State. In California Adventure on October 6, 2002, A Bug's Land area opened. Parks and Resorts chairman Jay Rasulo announced at Disney's D23 Expo in Anaheim, California on September 12, 2009, that Walt Disney World's Fantasyland would be overhauled and increased in size by 2013. A $ 1 billion expansion/renovation of Disney California Adventure was announced in 2007 to be completed by 2012. River Country water park closed on November 2, 2001. Disney-MGM Studios
17120-727: The Indian Village of Frontierland , and later renamed Critter Country. In 1979, the Disneyland crafts and maintenance union workers went on strike for 15 days, at first, rejecting and then accepting the park's contract. Space Mountain opens at Disneyland in 1977. Two more hotels opened in 1973 at Walt Disney World: the Golf Resort and the Gold Resort; Disney opened the Buena Vista Club golf club in Lake Buena Vista on November 22, 1974 . Lake Buena Vista Village ,
17334-484: 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
17548-529: The Magic Kingdom. The smaller parcels of land acquired were called "outs". They were five-acre (2 ha) lots platted in 1912 by the Munger Land Company and sold to investors. Most of the owners in the 1960s were happy to get rid of the land, which was mostly swamp at the time. Another issue was the mineral rights to the land, which were owned by Tufts University . Without the transfer of these rights, Tufts could come in at any time and demand
17762-471: 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
17976-452: 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
18190-922: The PGA Tour's Walt Disney World Golf Classic from 1971 to 2012. Additionally there is a fifth course, the Tranquilo Golf Course , located at the Four Seasons Resort on Disney property. The course is open only to guests staying at Four Seasons. As of 2024 , there are 19 Disney owned and operated resort hotels and Disney Vacation Club (DVC) villas at the Walt Disney World Resort, along with one camping resort, Fort Wilderness, which includes traditional campgrounds and wood cabins. Together, they have approximately 23,000 rooms, 3,600 DVC villas and 500,000 square feet (46,000 m ) of conference meeting space. They are organized into three categories—Deluxe, Moderate, and Value—and five resort areas:
18404-540: 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
18618-584: 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
18832-505: 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
19046-526: 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
19260-438: The Walt Disney Company has used to run the area since May 1967, when then Florida Governor Claude Kirk signed into law legislation which granted the company special status. The law went into effect in June 2023. Along with this, as of May 2023, Governor Ron DeSantis has also been planning to target Disney's monorail system and let Florida's Department of Transportation inspect the privately owned system. The Florida resort
19474-513: 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,
19688-492: The Walt Disney World monorail line was extended to EPCOT Center from the Transportation and Ticket Center. The EPCOT Center theme park opened on October 1, 1982, at a building cost of US$ 1.2 billion , with two areas, Future World and World Showcase . Plans for a Hollywood-style theme park were announced in April 1985 for the Walt Disney World resort at a project cost of US$ 300 million. In April 1985, Disney signed
19902-613: 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
20116-526: 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
20330-436: 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
20544-716: 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
20758-418: 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
20972-723: 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
21186-505: 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
21400-416: 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
21614-557: 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
21828-407: 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
22042-404: The company announced ImageMovers Digital , which it started in partnership with ImageMovers in 2007, would be closing by 2011. Walt Disney World The Walt Disney World Resort (also known as Walt Disney World or Disney World ) is an entertainment resort complex located about 20 miles (32 km) southwest of Orlando, Florida , United States. Opened on October 1, 1971, the resort
22256-513: The company board decided that it did not want to be in the business of running a city. The concept evolved into the resort's second theme park, EPCOT Center , which opened in 1982 (renamed EPCOT in 1996). While still emulating Walt Disney's original idea of showcasing new technology, the park is closer to a world's fair than a "community of tomorrow". One of EPCOT's main attractions is the World Showcase, which highlights 11 countries across
22470-528: 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 ,
22684-519: 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
22898-402: 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
23112-565: 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 ,
23326-766: 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
23540-405: 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;
23754-406: 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
23968-489: 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
24182-466: 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
24396-454: 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
24610-399: 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
24824-403: 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
25038-413: The crowd and day of purchase. On April 22, 2022, the self-governing status which the Walt Disney Company had in the area around Disney World for more than 50 years came to an end after Florida Governor Ron DeSantis signed into law legislation requiring the area to come under the legal jurisdiction of the state of Florida. The new law also officially abolished The Reedy Creek Improvement District which
25252-620: 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
25466-526: 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
25680-491: 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
25894-626: 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
26108-500: 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
26322-437: 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
26536-421: 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
26750-583: 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
26964-559: The formation of its cruise line. The Disney Cruise Line launched with the Disney Magic ship in 1998 along with its exclusive resort island port of Castaway Cay. Disney reportedly had plans to build a park named Disney's America . The park was to have been located in Haymarket, Virginia ; 2,300 acres (930 ha) of property were purchased from Exxon in 1993. The history-themed park was announced on November 11, 1993. The plans for
27178-434: The globe. Some of the urban planning concepts from the original idea of EPCOT would instead be integrated into the community of Celebration, Florida , much later. The resort's third theme park, Disney-MGM Studios (renamed Disney's Hollywood Studios in 2008), opened in 1989 and is inspired by show business. In the early 1990s, the resort was seeking permits for expansion. There was considerable environmentalist push-back, and
27392-476: The initial planning of the complex. After his death, the company wrestled with the idea of whether to bring the Disney World project to fruition; however, Walt's older brother, Roy O. Disney , came out of retirement to ensure Walt's biggest dream was realized. Construction started in 1967, with the company instead building a resort similar to Disneyland, abandoning the planned community concept. Magic Kingdom
27606-469: The lines' first summer Mediterranean itinerary then returned to its permanent port in September. The Chicago DisneyQuest location was closed in September 2001. Disney Parks started the Adventures by Disney tour vacation business in 2005. Disney entered a float, "The Most Magical Celebration on Earth", into the 2006 Pasadena Tournament of Roses parade . In October 2007, Disney announced plans to build
27820-561: The live action/animation musical film Mary Poppins 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
28034-545: 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,
28248-587: 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
28462-814: The monorail and travel between the Magic Kingdom and EPCOT, including select on-property resorts such as the Grand Floridian and the Polynesian Village . The system operates on three routes that interconnect at the Transportation and Ticket Center (TTC), adjacent to the Magic Kingdom's parking lot. Disney Transport owns a fleet of Disney-operated buses on the property, that is also complimentary for guests. A gondola lift system, dubbed Disney Skyliner , opened in 2019. The system's three lines connect Disney's Hollywood Studios and EPCOT with four resort hotels. Disney Transport also operates
28676-482: The most visited vacation resort in the world, with an average annual attendance of more than 58 million. The resort is the largest single-site employer in the United States, the flagship destination of Disney's worldwide corporate enterprise and has become a staple of American popular culture . In 1959, Walt Disney Productions began looking for land to house a second resort to supplement Disneyland in Anaheim, California, which had opened in 1955. Market surveys at
28890-462: 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
29104-603: 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
29318-439: The new theme park "the greatest attraction in the history of Florida". The official reveal was kept on the previously planned November 15 date, and Disney joined Burns in Orlando for the event. Walt Disney died from circulatory collapse caused by smoking-related lung cancer on December 15, 1966, before his vision was realized. His brother and business partner, Roy O. Disney , postponed his retirement to oversee construction of
29532-445: 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
29746-557: 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
29960-434: 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
30174-485: The park's 10th-anniversary celebration. In an interview with Disney, she asked him if he was behind recent land purchases in Central Florida. Bavar later described that Disney "looked like I had thrown a bucket of water in his face", before denying the story. His reaction, combined with other research obtained during her Anaheim visit, led Bavar to author a story on October 21, 1965, where she predicted that Disney
30388-486: The park's projected high cost. That park was then replaced by plans for the California Adventure park, hotels, and a retail district. At Walt Disney World, Mickey's Birthdayland closed on April 22, 1991, then reopened on May 26 as Mickey's Starland. In order to expand Disney World on wetland, on April 23, 1993, the company agreed to form an 8,500-acre (3,400 ha) wilderness preserve in Florida, known as
30602-404: 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
30816-663: 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
31030-478: The parks. Starting April 3, 2017, bag checkpoints have been placed at Magic Kingdom's resort monorail entryways and the Transportation and Ticket Center's ferry entry points prior to embarkation as well as the walkway from Disney's Contemporary Resort. Guests arriving at the Transportation and Ticket Center by tram or tour bus will be screened at the former tram boarding areas. Guests arriving by Disney Resort hotel bus or Minnie Van have their own bag check just outside
31244-492: The position of vice president of Animal Kingdom. D'Amaro was subsequently promoted to chairman of Disney Parks, Experiences and Products in May 2020, succeeding Bob Chapek , who was promoted to CEO of The Walt Disney Company in February 2020. Jeff Vahle, who served as president of Disney Signature Experiences subsequently took over as president of the resort. On March 12, 2020, a Disney spokesperson announced that Disney World and Disneyland Paris would temporarily close due to
31458-537: 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
31672-418: The public. Masks were required at all times (including outdoors, on attractions, and while taking photos), all guests were required to have their temperature taken upon entry, plexiglass was installed on various attractions and transportation offerings, and shows that drew large crowds, such as parades and nighttime shows including Fantasmic! and Happily Ever After were not offered. In November 2020,
31886-486: The purchase of AB-PT's share of the company for nearly $ 7.5 million and its TV contract, and the theme park became a fully owned subsidiary of Walt Disney Productions. Beginning in 1958 with the contracting of Economics Research Associates (ERA) to find a location for another Disney resort, Disney Productions moved beyond a single park. ERA recommended Florida; another study in 1961 named Ocala or Orlando in Florida as possible locations. In November 1963 , Walt Disney made
32100-730: 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
32314-588: The remainder not in Pixar Pier would be replaced by Paradise Park. Pixar Pier opened on June 23, 2018. Star Wars : Galaxy's Edge , a 14-acre (5.7 ha) themed land for both Disneyland and Disney's Hollywood Studios announced at the D23 Expo on August 15, 2015. Construction began at both locations on April 14, 2016. The lands at both parks opened in 2019. The Walt Disney Company The Walt Disney Company , commonly referred to as simply Disney ,
32528-548: The removal of buildings to obtain minerals. Eventually, Disney's team negotiated a deal with Tufts to buy the mineral rights for $ 15,000. Working strictly in secrecy, real estate agents unaware of their client's identity began making offers to landowners in April 1964, in parts of southwest Orange and northwest Osceola counties. The agents were careful not to reveal the extent of their intentions. They were able to negotiate numerous land contracts with some landowners, including large tracts of land for as little as $ 100 an acre. With
32742-474: The resort increased the guest capacity to 35% at all four theme parks, and on May 13, 2021, CEO Bob Chapek announced a further increase of capacity, effective immediately; however, he did not say to what capacity level it would be raised. By mid-June 2021, temperature checks and mask mandates (except while on Disney transportation) had been lifted. In late July 2021, mask mandates were reinstated for all attractions and indoor areas in light of new guidance issued by
32956-615: The resort was convinced to engage in mitigation banking . In an agreement with The Nature Conservancy and the state of Florida, Disney purchased 8,500 acres (3,400 ha) of land, adjacent to the park for the purpose of rehabilitating wetland ecosystems. The Disney Wilderness Preserve was established in April 1993, and the land was subsequently transferred to The Nature Conservancy. The Walt Disney Company provided additional funds for landscape restoration and wildlife monitoring. The resort's fourth theme park, Disney's Animal Kingdom , opened in 1998. In October 2009, Disney World announced
33170-579: The resort's first phase. On February 2, 1967, Roy O. Disney held a press conference at the Park Theatres in Winter Park, Florida. The role of EPCOT was emphasized in the film that was played. After the film, it was explained that for Disney World, including EPCOT, to succeed, a special district would have to be formed: the Reedy Creek Improvement District with two cities inside it, Bay Lake and Reedy Creek, now Lake Buena Vista . In addition to
33384-472: 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
33598-585: The second park Walt Disney World . Disneyland International was incorporated on November 20, 1961. The next year, The Oriental Land Company contacted Disney about building a theme park. In 1959, the WED-owned Disneyland-Alweg Monorail System began operations at Disneyland. The first Audio-Animatronic attraction, Walt Disney's Enchanted Tiki Room , opened at Disneyland in 1963. Disneyland's first new themed land, New Orleans Square, opened in 1966 . Tomorrowland
33812-537: 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
34026-465: 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
34240-432: 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
34454-737: The shopping area, opened on March 22, 1975 and was renamed Walt Disney World Village in 1977. Celebrity Sports Center, Disney World's training center, was sold on March 29, 1979. At Walt Disney World, the Treasure Island nature preserve pens opened on April 8, 1974, renamed Discovery Island in 1977. On July 1, 1975 , the WEDway PeopleMover opened in the Magic Kingdom's Tomorrowland. The first water park, River Country , opened on June 20, 1976 at Disney World. EPCOT Center's groundbreaking occurred at Walt Disney World in May 1979. In 1979, Oriental Land and Disney agreed to build
34668-548: The site employed about 5,500 "Cast Members". In 2020, Walt Disney World employed more than 77,000 Cast Members. Walt Disney World has more than 3,000 job classifications with a total 2019 payroll of over $ 3 billion. Almost all hourly guest-facing Cast Members work under union contracts . The most recent contract was negotiated and put in effect in 2023 and is valid through 2027, setting the starting hourly rate for part-time and full-time Cast at 17 dollars per hour, with additional premiums available for select roles. Union membership
34882-413: The standard powers of an incorporated city, which include issuance of tax-free bonds, the district would have immunity from any current or future county or state land-use laws. The only areas where the district had to submit to the county and state would be property taxes and elevator inspections. The legislation forming the district and the two cities, one of which was the Reedy Creek Improvement Act ,
35096-437: The state's power grid, Walt Disney World has two solar energy facilities on property; a 22-acre (0.034 sq mi; 0.089 km ) Mickey Mouse -shaped solar panel farm near EPCOT, and a 270-acre (0.42 sq mi; 1.1 km ) facility near Disney's Animal Kingdom. The larger facility produces enough solar energy to provide electricity to two of the resort's theme parks. The sites are operated by Duke Energy and
35310-500: 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
35524-405: 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
35738-579: 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
35952-432: 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
36166-402: 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
36380-567: 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
36594-669: The theme park and travel business was a side project of Walt Disney himself. As the Disneylandia project started to become a reality, Walt Disney Productions at Walt's request set up Disneyland, Inc. (DLI) in 1951 and agreed to a design deal in March 1953 with WED Enterprises (WED) , Walt 's personal corporation, which then included what would now be called Walt Disney Imagineering . With the WED concept designs and prospectus for Disneylandia, Roy Disney in September 1953 met with TV networks in
36808-763: 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
37022-500: The time revealed that only 5% of Disneyland's visitors came from east of the Mississippi River , where 75% of the population of the United States lived. Additionally, Walt Disney disliked the businesses that had sprung up around Disneyland and wanted more control over a larger area of land in the next project. Walt Disney took a flight over a potential site in Orlando, Florida —one of many—in November 1963. After witnessing
37236-589: The understanding that the recording of the first deeds would trigger intense public scrutiny, Disney delayed the filing of paperwork until a large portion of the land was under contract. Early rumors and speculation about the land purchases assumed possible development by NASA in support of the nearby Kennedy Space Center , as well as references to other famous investors, such as Ford , the Rockefellers , and Howard Hughes . An Orlando Sentinel news article published weeks later, on May 20, 1965, acknowledged
37450-428: 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
37664-513: 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
37878-664: The week of April 20, 1998. The first Disney Vacation Club Resorts , Vacation Club Resort, opened on October 1, 1991, and was renamed Disney's Old Key West Resort in January 1996. These vacation club hotels were operated by Disney Vacation Developments, Inc. as vacation timeshares . The first off-resort vacation club hotel was Vacation Club Resort, which opened on October 1, 1995, in Vero Beach, Florida . In 1993, Premier Cruises discontinued its partnership with Disney for one with Warner Bros. After failing to reach agreements with Carnival or Royal Caribbean , Disney announced in 1994
38092-571: The well-developed network of roads and taking the planned construction of both Interstate 4 and Florida's Turnpike into account, with McCoy Air Force Base (later Orlando International Airport ) to the east, Disney selected a centrally located site near Bay Lake . The development was referred to in-house as "The Florida Project". To avoid a burst of land speculation, Walt Disney Productions used various dummy corporations to acquire 27,443 acres (43 sq mi; 111 km ) of land. In May 1965, some of these major land transactions were recorded
38306-454: 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
38520-409: The world: (1st) Magic Kingdom—20,859,000 visitors; (6th) Disney's Animal Kingdom—13,750,000 visitors; (7th) EPCOT—12,444,000 visitors; and (9th) Disney's Hollywood Studios—11,258,000 visitors. By October 2020, maximum Disney World attendance was still allowed to only remain at 25% capacity due to the COVID-19 pandemic. A recent study found that reducing Magic Kingdom park capacity to 25% would result in
38734-405: The year. These departments include: The campus of Walt Disney World includes numerous buildings and spaces used solely for corporate management, castmember only services, and castmember recreation. The Walt Disney Company also owns and operates a corporate office complex in Celebration, Florida, home to Disney Cruise Line and Adventures by Disney offices. When the Magic Kingdom opened in 1971,
38948-412: 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
39162-491: 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 ,
39376-436: 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
39590-422: 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
39804-447: Was building a second theme park in Florida. Three days later, after gathering more information from various sources, the Sentinel published another article headlined, "We Say: 'Mystery' Industry Is Disney". Walt Disney had originally planned to publicly reveal Disney World on November 15, 1965, but in light of the Sentinel story, Disney asked Florida Governor Haydon Burns to confirm the story on October 25. His announcement called
40018-418: Was changed to the Disney Village Marketplace. A new themed area, Mickey's Birthdayland, opened in the Magic Kingdom near Fantasyland on June 18, 1988. In 1987, Disney and Ron Brierley 's Industrial Equity (Pacific) Ltd., already a 28% owner of the Wrather Corporation , agreed to purchase the remaining Wrather Corporation stock with a 50% share each. Wrather Corporation owned the Disneyland Hotel and operated
40232-555: Was completed in time for the park's opening on October 1, 1971, and the Polynesian Village Resort opened shortly after. The Palm and Magnolia golf courses near the Magic Kingdom had opened a few weeks before, while Fort Wilderness opened one month later. Twenty-four days after the park opened, Roy O. Disney dedicated the property and declared that it would be known as "Walt Disney World", in his brother's honor. In his own words: "Everyone has heard of Ford cars. But have they all heard of Henry Ford , who started it all? Walt Disney World
40446-470: 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)
40660-411: 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
40874-544: 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
41088-411: Was formed under President Al Weiss in 2009. Worldwide Operations would take over various back-office functions previously performed by both Disney World and Disneyland including training, procurement, menu planning, and merchandise development. While its Walt Disney Imagineering subsidiary combined its three development units. In November 2009, Disney received approval from the Chinese government to build
41302-526: Was granted by the federal district judge. The Forest Service appealed and won at the appeal and the Supreme Court. This ruling opened the possibility of refiling to the club. In the next round of lawsuits, the same district judge blocked the redevelopment. The injunction and the passage of the National Environmental Policy Act led to Disney backing out. $ 40 million worth of Walt Disney Productions Convertible Debentures were sold in January 1968 to fund Disney World (WDW). The next year in February, an agreement
41516-452: Was limited from expanding by the establishments that sprung up around it. "The Florida Project", as it was known, was intended to present a distinct vision with its own diverse set of attractions. Walt Disney's original plans also called for the inclusion of an " Experimental Prototype Community of Tomorrow " (EPCOT), a planned community intended to serve as a testbed for new city-living innovations. Walt Disney died on December 15, 1966, during
41730-414: Was made with multiple labor unions, in which the unions exchanged the right to strike for regular pay increases during the first building phase. By 1971, chairman of the Park Operations Committee and vice president of park operations Dick Nunis was appointed executive vice president of Disneyland and Walt Disney World. Walt Disney World began operation on October 1, 1971 , with the Magic Kingdom park at
41944-429: Was merged into Walt Disney Attractions, LLC. On June 19, 1998, Disney Regional Entertainment opened its first DisneyQuest, a location-based entertainment venue, at Downtown Disney West Side in Walt Disney World. The first DisneyQuest outside of a resort was opened in Chicago on June 16, 1999, with plans for more locations worldwide. In 1999, plans were announced for a new resort in Hong Kong , Hong Kong Disneyland , as
42158-459: 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
42372-402: 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
42586-453: Was placed in development. This was announced as WestCOT in 1991, to be placed at the Disneyland Resort. On July 31, 1990, a new 350-acre (140 ha) ocean-themed park and resort, Port Disney, was announced for Long Beach. Port was to have a cruise-ship terminal, five hotels, restaurants, and shopping areas, costing $ 2 billion to build. On December 12, 1991, Disney selected only one California project to go forward with, Disneyland Resort, which
42800-460: 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
43014-664: 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
43228-422: 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
43442-440: 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
43656-531: 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
43870-469: 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
44084-432: 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,
44298-486: Was renamed Critter Country on November 23, 1988. Tishman Company 's plans for two Walt Disney World hotels were rejected by the new CEO Michael Eisner on September 30, 1984, marking a change in Disney architecture. New plans for the Dolphin and Swan hotels were submitted by Michael Graves in July 1986; ground breaking took place on January 28, 1988. The first non-Disney owned hotel, Pickett Suite Resort, opened in Disney World Village on March 15, 1987. On June 1, 1982,
44512-466: Was revamped in 1967 with seven new attractions. The design and architectural group and the WED Enterprise name was purchased from Walt's corporation, renamed as Retlaw Enterprise. Disney expanded into attractions at the 1964 New York World's Fair with It's a Small World and costumed character appearances. When the characters proved a hit at the 1964 World's Fair, Walt wanted another outlet for "live" characters; thus, Disneyland put on Disney on Parade ,
44726-432: Was signed into law by Florida Governor Claude R. Kirk, Jr. on May 12, 1967. The Supreme Court of Florida then ruled in 1968 that the district was allowed to issue tax-exempt bonds for public projects within the district, despite the sole beneficiary being Walt Disney Productions. The district soon began construction of drainage canals, and Disney built the first roads and the Magic Kingdom. The Contemporary Resort Hotel
44940-511: Was started. In 2001, the Themed Entertainment Association gave Disney Parks and Resorts the Thea Award for Breakthrough Innovation for the park's FastPass system. Walt Disney Parks and Resorts Worldwide, Inc. was incorporated on September 29, 2008, and took over the parks and resorts business segment. Disney Parks and Resorts reorganized in early 2009 which included layoffs in all units due to recession-induced falling attendance. 600 U.S. managers in January were buyout packages. Worldwide Operations
45154-424: 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
45368-399: Was the first theme park to open in the complex in 1971, followed by EPCOT (known then as EPCOT Center) in 1982, Disney's Hollywood Studios (known then as the Disney-MGM Studios Theme Park) in 1989, and Disney's Animal Kingdom in 1998. Roy insisted the name of the entire complex be changed from Disney World to Walt Disney World, to memorialize his brother. In 2018, Walt Disney World was
45582-601: 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,
45796-412: Was to include the WestCOT Center, hotels, a shopping mall, and a lake. Port Disney was abandoned in March 1992, and Disney canceled its leases on the Queen Mary and Spruce Goose attractions picked up from the Wrather Corporation. Mickey's Toontown , a new themed land at Disneyland, opened on January 24, 1993. Disney canceled its plans for WestCOT in mid-1995 due to financial issues at Disneyland Paris and
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