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Disney's eleventh theme park Hong Kong Disneyland opened on September 12, costing the company $3.5 billion to construct. On January 24, 2006, Disney began talks to acquire Pixar from Steve Jobs for $7.4 billion, and Iger appointed Pixar Chief creative officer John Lasseter and president Ed Catmull the heads of the Walt Disney Animation Studios. 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. On February 6, the company announced it would be merging its ABC Radio networks and 22 stations with Citadel Broadcasting in a $2.7 billion deal, though which Disney acquired 52% of television broadcasting company Citadel Communications. The Disney Channel movie High School Musical aired and its soundtrack was certified triple platinum, becoming the first Disney Channel film to do so.
After its first year, 3.6 million people had visited the park, and after its second year, four million more guests came, making it more popular than the Grand Canyon and Yellowstone National Park. That year, the company earned a gross total of $24.5 million compared to the $11 million the previous year. The comic strip Mickey Mouse debuted on January 13, 1930, in New York Daily Mirror and by 1931, the strip was published in 60 newspapers in the U.S., and in twenty other countries.
After unsuccessful negotiations with cruise lines Carnival and Royal Caribbean International, in 1994, Disney announced it would start its own cruise-line operation in 1998. The first two ships of the Disney Cruise Line would be named Disney Magic and Disney Wonder, and would be built by Fincantieri in Italy. To accompany the cruises, Disney bought Gorda Cay as the line's private island, and spent $25 million remodeling it and renaming it Castaway Cay. คลิปหลุด After becoming a major success by the early 1940s, the company diversified into live-action films, television, and theme parks in the 1950s. Following Walt Disney's death in 1966, the company's profits, especially in the animation division, began to decline.
In 1991, Disney and Pixar agreed to a deal to make three films together, the first one being Toy Story. In 1950, Cinderella, Disney's first animated film in eight years, was released and was considered a return to form for the studio. With a production cost of costing $2.2 million, it was Disney's most financially successful film since Snow White and the Seven Dwarfs, making $8 million in its first year.
On April 2 of the same year, Disney had its initial public offering, with the common stock remaining with Walt and his family. In 1990, Disney paid $95,000 to avoid legal action over 16 animal-cruelty charges for beating vultures to death, shooting at birds, and starving some birds at Discovery Island. The company took these actions because they were attacking other animals and taking their food. When Animal Kingdom first opened, there were concerns about the animals because a few of them died. Animal rights groups protested but the United States Department of Agriculture found no violations of animal-welfare regulations. A protest by 2,000 workers at Disneyland accused the company of poor pay at an average of $13 an hour, with some saying they were evicted from their homes.
To help reduce costs, Disney announced it would be lay off 4,000 employees and close 300 to 400 Disney Store outlets. After winning the World Series in 2002, Disney sold Anaheim Angels to businessman Arturo Moreno for $180 million in 2003. The same year, Roy Disney announced his retirement because of the way the company was being run, calling on Eisner to retire; the same week, board member Stanley Gold retired for the same reasons. Dow Jones & Company, wanting to replace three companies in its industrial average, chose Disney in May 1991, statement Disney "reflects the importance of entertainment and leisure activities in the economy". Disney's next animated film Beauty and the Beast was released on November 13, 1991, and grossed nearly $430 million.
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