Introduction
The Walt Disney Company is an American multinational mass media and entertainment conglomerate that is headquartered at the Walt Disney Studios complex in Burbank, California. Disney was founded on October 16, 1923, by brothers Walt Disney and Roy Disney as Disney Brothers Cartoon Studio; it also operated under the names Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company 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.[citation needed]
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 Marvel Studios, Lucasfilm, and 20th Century Studios. 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 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.[citation needed] 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+, Star+, 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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- ... that in response to Disney's stance on Florida's House Bill 1557, also known as the "Don't Say Gay" bill, Pixar employees stated that Disney removes LGBT references from the studio's films?
- ... that some TikTokers make videos about whether to smash or pass Disney characters?
- ... that the ferry General Joe Potter at Walt Disney World is named in honor of Major General William Everett Potter?
- ... that Scarlett Johansson filed a lawsuit against The Walt Disney Company alleging that the release strategy for Black Widow breached her contract?
- ... that before the Holiday Inn Crowne Plaza Manhattan opened, its workers were sent to Walt Disney World for training?
- ... that, for the Space 220 Restaurant, Disney reached out to NASA engineers to understand what a space elevator might look like?
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- ...that producers hope to use Good Luck Charlie "to debunk the myth that Disney never has the mom in the picture"?
- ...that Michael Eisner credited research economist Harrison Price with being "as much responsible for the success of the Walt Disney Co. as anybody except Walt Disney himself"?
- ...that The Nightmare Before Christmas was originally released by Touchstone Pictures, a label owned by the Walt Disney Company, because it was considered inappropriate to use the Walt Disney Pictures banner due to the darker content displayed in this film.
- ...that the structure of the Epcot's Mexico pavilion was designed by architect and structural engineer Arturo Dulzaides in 1984.
- ... that in 1989, a black-and-white drawing from Walt Disney's "Orphan's Benefit" (USA 1934), depicting Donald Duck being punched by an orphan, raised $280,000 at Christie's London, England.
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