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 as an animation studio, 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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At $70 million, Roger Rabbit was one of the most expensive films to date at the time of its release. The film proved a sound investment, earning over $150 million during its original theatrical release. The film is notable for offering a unique chance to see many cartoon characters from different studios interacting in a single film and for being one of the last appearances by voice artists Mel Blanc and Mae Questel from animation's Golden Era. In addition, Who Framed Roger Rabbit won four Oscars at the 61st Academy Awards ceremony in 1989.
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Randy Cartwright at the Disney Studio in 1991.
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Did you know (auto-generated)
- ... 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 John Oliver dared Disney to sue him over his version of Mickey Mouse?
- ... 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?
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More Did you know...
- ...that Dan Povenmire was at a Wild Thyme restaurant in South Pasadena, California, when he first drew the character Phineas Flynn?
- ...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 Disneyland has only ever had three unscheduled closures: In 1963 due to President Kennedy's Assassination; In August 1970 due to an invasion by Yippies and September 11, 2001.
- ...that in May 1992, entertainment magazine The Hollywood Reporter reported that about 25% of Euro Disney's workforce — approximately 3,000 men and women — had resigned their jobs because of unacceptable working conditions.
- ...that when Walt Disney was looking for a new character following Oswald, he rejected a female cow and male horse who later turn up as Clarabelle Cow and Horace Horsecollar?
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