Introduction
The Walt Disney Company, commonly referred to as simply Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios in Burbank, California. Disney was founded on October 16, 1923, by brothers Walt Disney and Roy Oliver Disney as Disney Brothers Cartoon Studio; it also operated under the names Walt Disney Studio and Walt Disney Productions before changing it to its current name in 1986. In 1928, Disney established itself as 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, 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 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 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. (Full article...)
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In 2009, The Walt Disney Company acquired Marvel Entertainment for US$4 billion; it has been a limited liability company (LLC) since then. For financial reporting purposes, Marvel is primarily reported as part of Disney's Consumer Products segment ever since Marvel Studios' reorganization from Marvel Entertainment into Walt Disney Studios.
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An entrance to Walt Disney Studios complex in Burbank, California
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Did you know (auto-generated)
- ... that John Oliver dared Disney to sue him over his version of Mickey Mouse?
- ... that Scarlett Johansson filed a lawsuit against The Walt Disney Company alleging that the release strategy for Black Widow breached her contract?
- ... that a revival of the comedy series Lizzie McGuire was ordered in 2019, but canceled mid-production after Disney deemed it not family-friendly enough?
- ... that the ferry General Joe Potter at Walt Disney World is named in honor of Major General William Everett Potter?
- ... that some TikTokers make videos about whether to smash or pass Disney characters?
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More Did you know...
- ...that the Phineas and Ferb episode "Dude, We're Getting the Band Back Together" was nominated for an Emmy award for the song "I Ain't Got Rhythm"?
- ...that the 1935 Disney cartoon Three Orphan Kittens was later censored for having negative portrayals of African Americans?
- ...that Newsies is based on the true story of the Newsboys Strike of 1899 in New York City.
- ...that there is something called a Hidden Mickey, a hidden silhouette of Mickey's ears inserted into many Disney feature films?
- ... that the most valuable cartoon movie poster was a poster for the Walt Disney short, Alice's Day at the Sea (USA 1924), was sold in London England at $36534.00 in 1994.
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