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.
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. 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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Randy Cartwright at the Disney Studio in 1991.
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Did you know (auto-generated)
- ... that some TikTokers make videos about whether to smash or pass Disney characters?
- ... that Encanto's Mirabel is the first Disney heroine to wear glasses?
- ... that the ferry General Joe Potter at Walt Disney World is named in honor of Major General William Everett Potter?
- ... that vaccine coverage at schools around the Disneyland Resort was too low for herd immunity when measles broke out in 2014?
- ... that Disney once created a political advertisement for Dwight D. Eisenhower (featured)?
- ... that before the Holiday Inn Crowne Plaza Manhattan opened, its workers were sent to Walt Disney World for training?
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More Did you know...
- ... that Huey, Dewey, and Louie were originally named after two political figures and an animator of the time. Huey was named after Huey Long (1893–1935) of Louisiana. Dewey was named after Admiral George Dewey (1837–1917) of the Spanish–American War. Louie was named after animator Louie Schmitt (1908–1993).
- ...that child actor Joey Pollari was 15 years old when he appeared in the Disney XD film, Skyrunners?
- ...that Mikey Blumberg's singing was voiced by Robert Goulet, who has starred in Rose-Marie and released more than 15 albums.
- ...that the earliest accounts of the stories of Mulan state that she lived during the Northern Wei dynasty (386–534).
- ... that Disney CEO Michael Eisner was struck with inspiration for the show, Adventures of the Gummi Bears when his son requested gummi bear candies one day.
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