The Walt Disney Company

Disney's other main business units include divisions in television, broadcasting, streaming media, theme park resorts, consumer products, publishing, and international operations.

Disney discovered Universal Pictures owned the intellectual property rights to Oswald, and Mintz threatened to produce the shorts without him if he did not accept the reduction in payment.

[26] In August 1929, the company began making the Silly Symphony series with Columbia Pictures as the distributor, because the Disney brothers felt they were not receiving their share of profits from Powers.

[34] After realizing releasing merchandise based on the characters would generate more revenue, a man in New York offered Disney $300 for license to put Mickey Mouse on writing tablets he was manufacturing.

Its novelty made it a risky venture; Roy tried to persuade Walt not to produce it, arguing it would bankrupt the studio, and while widely anticipated by the public, it was referred to by some critics as "Disney's Folly".

[49] After United Artists attempted to attain future television rights to the Disney shorts, Walt signed a distribution contract with RKO Radio Pictures on March 2, 1936.

[57][58] The company's third feature Fantasia (1940) introduced groundbreaking advancements in cinema technology, chiefly Fantasound, an early surround sound system making it the first commercial film to be shown in stereo.

[clarification needed][65] While negotiations to end the strike were underway, Walt and studio animators embarked on a 12-week goodwill visit to South America, funded by the Office of the Coordinator of Inter-American Affairs.

Disney released more package films through the rest of the decade, including Make Mine Music (1946), Fun and Fancy Free (1947), Melody Time (1948), and The Adventures of Ichabod and Mr. Toad (1949), to try to recover from its financial losses.

To finance the construction of Disneyland, Disney sold his home at Smoke Tree Ranch in Palm Springs and the company promoted it with a television series of the same name aired on ABC.

[103] Disneyland opened on July 17, 1955; it was a major media event, broadcast live on ABC with actors Art Linkletter, Bob Cummings, and Ronald Reagan hosting.

[104] While the park's opening day was disastrous (restaurants ran out of food, the Mark Twain Riverboat began to sink, other rides malfunctioned, and the drinking fountains were not working in the 100 °F.

[116][117] Another child actor, Kevin Corcoran, was prominent in many Disney live-action films, first appearing in a serial for The Mickey Mouse Club, where he would play a boy named Moochie.

[123] He featured in films such as The Computer Wore Tennis Shoes (1969), The Horse in the Gray Flannel Suit (1968) alongside Dean Jones, The Barefoot Executive (1971), and The Strongest Man in the World (1975).

[130] Walt, who had been a heavy smoker since World War I, fell very sick and he died on December 15, 1966, aged 65, of lung cancer, at St. Joseph Hospital across the street from the studio.

[140][141] In May 1967, Roy had legislation passed by Florida's legislatures to grant Disney World its own quasi-government agency in an area called Reedy Creek Improvement District.

On October 23, Disney formed Touchwood Pacific Partners, which replaced the Silver Screen Partnership series as the company's movie studios' primary source of funding.

[242][243] Pixar's and Disney's first co-release was the first-ever fully computer-generated film Toy Story, which was released on November 19, 1995, to critical acclaim and an end-run gross total of $361 million.

[273] Marking the end of the Disney Renaissance, Tarzan (1999) was released on June 12, garnering $448 million at the box office and critical acclaim; it claimed the Academy Award for Best Original Song for Phil Collins' "You'll Be in My Heart".

[283] In 2001, Disney's operations had a net loss of $158 million after a decline in viewership of the ABC television network, as well as decreased tourism due to the September 11 attacks.

[304][305] A week later, Disney traded ABC Sports commentator Al Michaels to NBCUniversal, in exchange for the rights to Oswald the Lucky Rabbit and 26 cartoons featuring the character.

[310] On June 28, the company announced it was replacing George Mitchell as chairman with a board members and former CEO of P&G John E. Pepper Jr..[292] The sequel High School Musical 2 was released in 2007 on Disney Channel and broke several cable rating records.

The deal gave Disney access to the Indiana Jones franchise, visual-effects studio Industrial Light & Magic, and video game developer LucasArts.

[404] Although it performed poorly at the box office because of Covid, Disney's animated film Encanto (2021) was one of the biggest hits during the pandemic, with its song "We Don't Talk About Bruno" topping the US Billboard Hot 100 charts.

This included a new animated centennial logo intro for the Walt Disney Pictures division, a touring exhibition, events at the parks and a commemorative commercial that aired during Super Bowl LVII.

[429] Disney chief brand officer Asad Ayaz pushed back against the idea that this was a symptom of a broader trend: "Our fandoms and our fans and different generations show up in different ways".

"[469] According to The Orange County Register, Walt Disney World has "changed entertainment by showing how a theme park could help make a company into a lifestyle brand".

[471] In October 2023, The Walt Disney Company pledged $2 million for humanitarian relief efforts in Israel, following a series of attacks by the occupation resistance group Hamas.

In addition to the $2 million, Disney implemented a matching gift program for employees, a decision that further fueled public outcry over the company's perceived endorsement of one side in the conflict.

[475] Other characters that have been called racist are Sunflower, a black centaurette who serves a white centaurette in Fantasia; the Siamese cats in Lady and the Tramp, who are considered to be overexaggerated as Asians, stereotypes of Native Americans in Peter Pan; and crows in Dumbo, who are depicted as African Americans who use jive talk, with their leader being named Jim Crow, believed to be in reference to racial segregation laws in the U.S.[476][477] When watching a film on Disney+ considered to have wrongful racist stereotypes, Disney added a disclaimer before the film starts to help avoid controversies.

Black and white rabbit in pants jumping
One of Disney's first animated characters Oswald the Lucky Rabbit, which Disney regained the rights to in 2006. The initial run of Oswald shorts by Disney have all entered the public domain as of January 1, 2024.
Excerpt of Steamboat Willie (1928), the first Mickey Mouse sound cartoon.
Three story building with green stripes surrounded by some trees
The original animation building at the Walt Disney Studios in Burbank, California, which they fully moved into in 1940
Man dressed as a gaucho with someone dressed as Donald Duck
Walt (right) dressed as a gaucho next to Donald Duck in Argentina while on the company's South American goodwill trip in 1941.
Several men looking at plans together
Walt (center) showing the plans of Disneyland to officials from Orange County in December 1954
two older men looking into the camera
The Sherman Brothers in 2002. They composed many Disney songs in the 1960s.
Three men at a table with microphones in front of them announcing something
Walt, Florida Governor W. Haydon Burns , and Roy announcing the plans for Disney World in November 1965
Man in a tuxedo giving a speech
Michael Eisner replaced Ron Miller as CEO.
Hollywood Studios' park icon, the Chinese Theatre
Man in suit and glasses
Jeffrey Katzenberg was chairman of the Walt Disney Studios from 1984 to 1995.
man in a chair
Roy E. Disney, Roy O. Disney's son, was head of the animation department until 2003.
Gold letters
Disney bought The Muppets from the Jim Henson Company in 2004.
Man in suit looking into the distance, with a blue background with words behind him
Bob Iger became CEO of Disney in 2005, expanding the company's properties
blue letters with a plus sign at the end and an arch above the letters
Disney's video streaming subscription service Disney+ was launched in 2019, which has a total of over 135 million subscriptions as of June 2022.
Disney's promotional logo for its centennial.
building with part of the columns being held up by statues of the seven dwarfs from Snow White
Team Disney – The Michael D. Eisner Building, the main building at the Walt Disney Studios, which houses the offices of Disney's CEO and several other senior corporate officials.