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The Walt Disney Company (most commonly known as Disney; NYSE: DIS) is one of the largest media and entertainment corporations in the world. Founded on October 16, 1923 by brothers Walt and Roy Disney as a small animation studio, today it is one of the largest Hollywood studios and also owns eleven theme parks, two water parks and several television networks, including the American Broadcasting Company (ABC).
Disney's corporate headquarters and primary production facilities are located at the Walt Disney Studios in Burbank, California, USA. The company is a component of the Dow Jones Industrial Average. It had revenues of $31.9 billion in 2005.
History
[edit] Founding and early success (1923–1954)
Walt Disney (1901—1966)
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Walt Disney (1901—1966)
* 1923: The Disney Brothers Cartoon Studio, founded on October 16 by brothers Walt and Roy Disney and animator Ub Iwerks, produces the Alice's Wonderland series.
* 1925: At Walt Disney's insistence, the company is renamed Walt Disney Studios; Disney creates the cartoon Alice's Egg Plant, a cartoon containing anti-union propaganda.
* 1927: The Alice series ends; Disney picks up the contract to animate Oswald the Lucky Rabbit.
* 1928: Walt loses the Oswald series contract; first Mickey Mouse cartoon Plane Crazy released; Steamboat Willie released, the first cartoon with sound to achieve widespread popularity.
* 1929: First Silly Symphony: The Skeleton Dance. On December 16, the original partnership formed in 1923 is replaced by Walt Disney Productions, Ltd. Three other companies, Walt Disney Enterprises, Disney Film Recording Company, and Liled Realty and Investment Company, are also formed.
* 1930: First appearance of Pluto.
* 1932: First three-strip Technicolor short released: Flowers and Trees; first appearance of Goofy.
* 1934: First appearance of Donald Duck.
* 1937: Studio produces its first feature, Snow White and the Seven Dwarfs.
* 1938: On September 29, Walt Disney Enterprises, Disney Film Recording Company, and Liled Realty and Investment Company are merged into Walt Disney Productions.
* 1940: Studio moves to the Burbank, California buildings where it is located to this day. Release of animated features Pinocchio, the first animated film to win both Best Original Score and Best Song Academy Awards, and Fantasia, the world's first film to be recorded in stereophonic sound ("Fantasound").
* 1941: A bitter animators' strike occurs; as the USA enters World War II, the studio begins making morale-boosting propaganda films for the government.
* 1942: Saludos Amigos marks the beginning of a series of low-budget "package" animated films that would continue until 1950.
* 1944: The company is short on cash; a theatrical re-release of Snow White and the Seven Dwarfs generates much-needed revenue and begins a reissue pattern for the animated feature films.
* 1945: The studio hires its first-ever live actor for a feature film, James Baskett, to star as Uncle Remus in Song of the South.
* 1949: The studio begins production on its first all-live action feature, Treasure Island; the popular True-Life Adventures series begins.
* 1950: Cinderella is released, ending the series of "package" animated films and reviving Disney feature animation.
* 1952: Walt Disney forms WED Enterprises on December 16 to design his theme park.
* 1953: Walt Disney forms Retlaw Enterprises on April 6 to control the rights to his name. It will later own and operate several attractions inside Disneyland, including the Monorail and the Disneyland Railroad.
* 1954: The studio founds Buena Vista Distribution to distribute its feature films; beginning of the Disneyland TV program
* 1955: Disneyland Resort opens in Anaheim, California