Since its founding in 1923, The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with four business segments: media networks, parks and resorts, studio entertainment and consumer products. "
Created by dmh7377 on Mar 1, 2011
Last updated: 03/03/11 at 07:08 PM
How was Disney going to be pursued without Walt Disney? The creator of Disneys cartoon world died from cancer in the lung, causing a set back for the resort project. He was once quoted saying, "When I'm dead I don't want a funeral. I want people to remember me alive." Which is exactly what his brother Roy Disney made sure happened after Walt's Death. Roy took over the supervision after his brother passed. Prior to his death 28,000 acres of land in Florida had been purchased to house the worlds upcoming family vacation resort.
The company began to struggle with its quality of films. New management, otheriwse known as "Team Disney" consisted of Michael Eisner, Jeffrey Katzenburg and Frank Wells. Although it seemed that the team was making progress, Eisner soon began taking the company in the wrong direaction. The lack of character and entertainment in the films caused Eisner to step down and allow the company to make negotiations with Pixar.
Based on the Grimm Brother's story, Walt Disney planned to make the first animated feature film. At the time, it was widely believed that a cartoon could only hold a person's attention span for less than ten minutes. Snow White and the Seven Dwarfs became the highest grossing film ever until Gone with the Wind. This film's surprising success represents the beginning of numerous achievements in store for The Walt Disney Company with film and other media.
The Walt Disney Company created the first ever synchronized sound animation film, Steamboat Willie starring Mickey Mouse. Disneyland opened in 1955 and has since welcomed 600 million guests, more than any other theme park. Widely known for its work in movie making, Disney has been known to be the world's largest media conglomerate in terms of revenue (about $30 billion a year).
Due to their success they have established a Walt Disney's Family Museum. Disney Land was their next project in 1971 which is now 28,000 acres. It is made up of a theme park, camp ground, golf courses, and shopping villages. Now, there are branches opening up in Paris as well as Tokyo. Disney has been nominated and won Academy and Tony awards for a numerous amount of movies such as Beauty and the Beast, Toys Story and Lion King. A Cruise Line and resort have also been established.
Disney has been around for over a decade. Became known as a family entertainment television station. They have come the face of animated movies and cartoons and movies. Their movies have become so popular and accustom to Americans that it has been transferred to Broadway shows and skating performances. Homes internationally have taken in some of culture from Disney.
"Media Networks comprise a vast array of broadcast, cable, radio, publishing and Internet businesses. Key areas include: Disney-ABC Television Group, ESPN Inc., Walt Disney Internet Group, ABC owned television stations, and a supporting headquarters group. Marketing, research, sales and communications functions also exist within the segment."
"The Disney-ABC Television Group is home to all of Disney's worldwide entertainment and news television properties. The Group includes the ABC Television Network (including ABC Daytime, ABC Entertainment Group and ABC News divisions); the Disney Channels Worldwide global kids' TV business, ABC Family and SOAPnet; as well as television distribution divisions Disney-ABC Domestic Television and Disney-ABC ESPN Television. The Disney-ABC Television Group also manages the Radio Disney Network, general interest and non-fiction book imprint Hyperion, as well the Company's equity interest in A&E Television Networks."
Starting out as the Disney Brothers Cartoon Studio, The Walt Disney Company officially began in 1923 in Los Angeles, California. Walt Disney and his brother Roy Disney were among the first to begin here and were the co-founders of the Company. During their time in Los Angeles, Walt and Roy produced a series of films called the Alice Comedies. The Alice Comedies officially began the Walt Disney Company and after four years of the Comedies, Walt began revising and moving toward all-cartoon series. With a new studio and a new name, Walt Disney Studio, Walt began coming up with new ideas and cartoons. Mickey Mouse was “born” in 1928 and Disney came out with it’s first full length feature in 1937 known as Snow White and the Seven Dwarfs.
In 1940, Pinocchio and Fantasia were released, followed by Dumbo in 1941,and Bambi in 1942. As these motion pictures and some of his other television shows got more popular, Walt decided to branch out to bigger and better things. In 1955, the amusement park, “Disneyland” was opened on the West coast. As this became a very popular theme park, Walt decided to move this trend to the East coast. Walt Disney World in Orlando, Florida was opened in 1971. The Walt Disney Company began in the 1920’s and is still very popular today for its family entertainment.