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Iger said he would stay with the company as an executive chairmen until December 31, 2021, to help with its creative strategy. In April, Iger resumed operational duties as executive chairman to help the company during the COVID-19 pandemic, and Chapek was appointed to the board of directors. During the pandemic, Disney closed all of its theme parks, delayed the release of several movies, and stopped all operations on its cruise line. Due to the closures, Disney announced it would stop paying 100,000 employees but would still provide full healthcare benefits, and urged U.S. employees to apply for government benefits, saving the company $500 million a month.
The film won the Special Achievement Academy Award and was the first animated film to be nominated for Best Original Screenplay. In February 1953, Disney's next animated film Peter Pan was a financial success but Walt wanted to improve the standard of animation without raising the cost. When Disney wanted to create The Living Desert, a feature with two short films, for the True-Life documentary, RKO's lawyer believed it would break the 1948 antitrust Supreme Court ruling if it was sold as a package. Roy thought the company would thrive without RKO and Disney created its own distribution company Buena Vista Distribution, named after the street where the studio was located. In 1954, Disney's first American live action film 20,000 Leagues Under the Sea, which was one of the first films to use CinemaScope, was released. From the early-to-mid 1950s, Walt began to devote less attention to the animation department, entrusting most of its operations to his key animators the Nine Old Men, although he was always present at story meetings.
Bob Iger introduced D23 in 2009 as Disney's official fan club, with a biennial exposition event named D23 Expo. In February, Disney announced a distribution deal with DreamWorks Pictures to distribute 30 of their films over the next five years through Touchstone Pictures, with Disney getting 10% of the gross. The 2009 film Up garnered Disney $735 million at the box office, and the film won Best Animated Feature at the Academy Awards. Later that year, Disney launched a television channel named Disney XD, which was aimed at older children. The company bought Marvel Entertainment and its assets $4 billion in August, adding Marvel's comic-book characters to its merchandising line-up.
The company, which has been public since 1940, trades on the New York Stock Exchange with ticker symbol DIS and has been a component of the Dow Jones Industrial Average since 1991. In August 2020, just under two-thirds of the stock was owned by large financial institutions. Filled with handy features, our mobile app lets you view and update your plans, make dining reservations, search maps of all 4 theme parks, get real-time attraction wait times and more. It also gives you access to a Disney MagicMobile pass—a convenient and another contactless way to use MagicBand features, like theme park entry, through the power of eligible iPhones, Apple Watch or Google Pay enabled Android phones.
On June 15 the same year, The Lion King was released and was a massive success, becoming the second-highest-grossing film of all time behind Jurassic Park and the highest-grossing animated film of all time, with a gross total of $968.5 million. It was critically praised and garnered two Academy Awards—Best Score and Best Song for "Can You Feel the Love Tonight". Soon after its release, Katzenberg left the company after Eisner refused to promote him to president. After leaving, he co-founded film studio DreamWorks SKG. Wells was later replaced with one of Eisner's friends Michael Ovitz on August 13, 1995. In 1994, Disney wanted to buy one of the major U.S. television networks ABC, NBC, or CBS, which would give the company guaranteed distribution for its programming.
In 1986, the company changed its name from Walt Disney Productions to The Walt Disney Company, stating the old name only referred to the film industry. With Disney's animation industry declining, the animation department needed its next movie The Great Mouse Detective to be a success. It grossed $25 million at the box office, becoming a much-needed financial success for the company. To generate more revenue from merchandising, the company opened its first retail store Disney Store in Glendale in 1987. Because of its success, the company opened two more stores in California, and by 1990, it had 215 stores throughout the U.S.
Marvel film The Avengers became the third-highest-grossing film of all time with an initial-release gross of $1.3 billion. Making over $1.2 billion at the box office, the Marvel film Iron Man 3 was released in 2013. The same year, Disney's animated film Frozen was released and became the highest-grossing animated film of all time at $1.2 billion. Merchandising for the film became so popular it made the company $1 billion within a year, and a global shortage of merchandise for the film occurred. In March 2013, Iger announced Disney had no 2D animation films in development, and a month, later the hand-drawn animnation division was closed, and several veteran animators were laid off. On March 24, 2014, Disney acquired Maker Studios, an active multi-channel network on YouTube, for $950 million.
Though he did not become popular as quickly as Mickey Mouse had, Donald Duck had a featured role in Donald and Pluto , and eventually was given his own series. Walt Disney and his friend animator Ub Iwerks had founded a film studio named Laugh-O-Gram Studio in Kansas City. คลิปหลุดไทย Iwerks and Disney made a short film entitled Alice's Wonderland, which depicted child actor Virginia Davis interacting with animated characters. In 1923, soon after the short was made, Laugh-O-Gram Studio went bankrupt but the film later became a hit after New York film distributor Margaret J. Winkler purchased it.
The same year, in a joint venture with The Nature Conservancy, Disney purchased 8,500 acres of Everglades headwaters in Florida to protect native animals and plant species, establishing the Disney Wilderness Preserve. After the release of Steamboat Willie at the Colony Theater in New York, Mickey Mouse became an immensely popular character. In August 1929, the company began making the Silly Symphony cartoon series with Columbia Pictures as the series' distributor because the Disney brothers felt they were not receiving their share of profits from Powers. Carl W. Stalling played an important role in starting the series, and composed the music for early films but left the company after Iwerks' departure. In September, theater manager Harry Woodin requested permission to start a Mickey Mouse Club at his theater the Fox Dome to boost attendance. Walt agreed but David E. Dow started the first-such club at Elsinore Theatre before Woodin could start his.
The Walt Disney Company is one of the world's largest entertainment companies and is considered to be a pioneer in the animation industry, having produced 790 features, 122 of which are animated films. Many of their films are considered to be the greatest of all time, including Pinocchio, Toy Story, Bambi, Ratatouille, Snow White and the Seven Dwarfs, and Mary Poppins. Disney has also created some of the most influential and memorable fictional characters of all time, such as Mickey Mouse, Woody, Captain America , Jack Sparrow, Iron Man , and Elsa. In 1977, Disney released the successful animated film The Rescuers, which grossed $48 million at the box office.
In September, Disney partnered with News Corporation and NBCUniversal in a deal in which all parties would obtain 27% equity in streaming service Hulu, and Disney added ABC Family and Disney Channel to the streaming service. On December 16, Roy E. Disney died of stomach cancer; he was the last member of the Disney family to work for Disney. In March 2010, Haim Saban reacquired from Disney the Power Rangers franchise, including its 700-episode library, for around $100 million. Shortly after, Disney sold Miramax Films to an investment group headed by Ronald Tutor for $660 million.
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