The Walt Disney Company: American multinational mass media company
The Walt Disney Company, commonly known as Disney, is an American multinational mass media and entertainment conglomerate that is headquartered at the Walt Disney Studios complex in Burbank, California.
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Bob Iger (CEO), John Nallen COO, Viet Dinh CLO, Steve Tomsic CFO, previously 20th Century Fox (now part of Disney) Stacey Snider CEO, John Gelke VP Global Operations, J Young SVP Growth, Gerard Devan Group Executive APAC, Stephanie Gruber Group Executive Television, Christopher Greavu Vice President of Sales.
In its early, the company established itself as a leader in the animation industry with the short film Steamboat Willie, which used synchronized sound to become the first post-produced sound cartoon and debuted the widely popular character Mickey Mouse, who would go on to become the company's mascot and corporate icon.
One of the Studios' largest assets lies in Walt Disney Animation Studios, which has made a successful string of animated movies for almost seven decades. Because of failures with most of their recent additions, it has changed its focus from traditional hand-drawn to CGI movies. Pixar, also owned by Disney, is one of the first studios to create CGI movies. Since 2009, Disney has bought three movie studios: Marvel Comics, Lucasfilm and 20th Century Studios.
On March 20, 2019, The Walt Disney Company bought 21st Century Fox for $52.4 billion USD.
Parks and Resorts
Worldwide, Disney has eleven theme parks (as of April 2024):
Buena Vista Television, responsible for the syndication of many Disney series, produces some of its own as well: Who Wants to Be a Millionaire, Live with Regis and Kelly, and Ebert & Roeper.
Consumer Products
Merchandising and licensing within the company are overseen in this division. Disney Publishing Worldwide, part of this unit, has Disney Press, Disney Editions and Hyperion Books as its brands.
It once owned the Disney Store shopping chain until 2004, when it sold all the stores to The Children's Place.
History
1923: Disney is founded
1925: First appearance of Pegleg Pete cartoon, Alice Solves the Puzzle
1985: Disney's first animated movie that was rated PG: The Black Cauldron
1985: Disney's first two animated series for television The Adventures of the Gummi Bears and The Wuzzles premiere on NBC and CBS’ Saturday Morning lineups.
1987: Disney animated television series DuckTales
1988: Who framed Roger Rabbit's debut
1988: DisneyToons Studios opens
1989: The Little Mermaid brings new life in the animation division as well as the genre; studio gets its first Oscar in eighteen years for this movie
2020: Disney renames 20th Century Fox to "20th Century Studios", to avoid confusion with Fox Corporation.
2020: Bob Iger resigns as the CEO of Disney. He was replaced by Bob Chapek as CEO.
2021: Disney closes its radio station, Radio Disney.
2021: Disney+ creates the Star hub outside of the US, which has movies and television programs for adults.
2021: The Walt Disney Company Latin America rebrands all the channels with the Fox name in Latin America, to Star.
2022: The Walt Disney Company Latin America closes Star Premium in January 31st, 2022.
2022: Bob Chapek got fired, and Bob Iger returned as a CEO of Disney.
Disney+
On November 12, 2019, Disney launched their own streaming service, Disney+. The platform features almost all of their cartoons, short movies, movies and TV shows along with those made by properties bought by Disney, such as Disney, The Muppets, Pixar, Lucasfilm, and Marvel. It also features original content, such as several Marvel and Star Wars programs. R rated movies and shows appear on Hulu and the international Star hub, and movies, cartoons, and TV shows that feature smoking, swear words, violence, and stereotypical depictions of African Americans, Native Americans, Asians, and other minorities come with a warning.
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