Disneyland, Inc.

On the following day Walt and Herb Ryman started a 42-hour period in which they drew a 43x70 inch detailed aerial view.

[CDL 10] During the year, Key Disney staff members toured major American amusement parks to find out what does not work.

Roy then approached American Broadcasting-Paramount Theatres's Goldenson, who had pursued Disney for programming before, who agreed to the Disneyland, Inc. investment as the risk to make ABC a major network.

[1] American Broadcasting-Paramount Theatres (AB-PT) agreed to invest $500,000 in Disneyland, Inc. taking a 34.49 percent and guaranteeing $4.5 million in bank loan plus a weekly TV programming for ABC from Walt Disney Productions.

Disney began approach prospective investors for the Disneyland Hotel in 1954 which included Jack Wrather who agreed.

[CDL 16] Rear Admiral Joseph W. Fowler was hired in April 1954 as senior vice president for engineering and construction to oversee building Disneyland.

[CDL 18] A 1955 strike by the Orange County plumbers and asphalt workers puts the Disneyland building schedule in jeopardy.

[CDL 19] On July 17, 1955 at 2 PM, the Disneyland park with Five themed "lands" containing eighteen attractions opened.

This allowed WDP to consolidate DLI into its 1957 annual accounting statements adding four months worth of net profits, $511K.

[10] By 1958, Walt Disney Productions reported a profit of $2.9 million, primarily attributable to its by then 65% interest in Disneyland, Inc. Additionally, Walt Disney Productions stock (which moved the year prior to the New York Stock Exchange) had grown to around $60 per share thanks to the growing realization by the financial markets of the profitability of the park.

Walt Disney with Orange County officials
Walt Disney (center) showing Orange County officials plans for Disneyland's layout, December 1954. Photo courtesy Orange County Archives.