The Walt Disney Company
The Walt Disney Company, commonly referred to as simply Disney, is an American multinational mass media and entertainment conglomerate. It was founded on October 16, 1923, by brothers Walt Disney and Roy O. Disney as the Disney Brothers Studio in Burbank, California. The company has grown into one of the largest and most well-known entertainment companies in the world.
History
Walt Disney, a pioneering animator and entrepreneur, alongside his brother Roy, began the company by producing a series of animated short films. One of their earliest successes was the creation of Mickey Mouse, a character which became an iconic symbol of the company.
Throughout the years, Disney expanded its operations beyond animation. In 1937, the company revolutionized the film industry by releasing the first full-length animated feature, Snow White and the Seven Dwarfs.
Divisions and Subsidiaries
The Walt Disney Company operates through several primary divisions and subsidiaries:
Walt Disney Studios
The Walt Disney Studios is a major division focused on the production of films and television. It includes Walt Disney Pictures, known for its family-friendly movies, and Marvel Studios, which produces films for the Marvel Cinematic Universe.
Disney Entertainment
Disney Entertainment includes the company's various television channels and streaming services. Disney+ is a prominent streaming service offering a wide array of films, series, and documentaries from Disney's extensive library. The company also operates Disney Channel, ESPN, and ABC Television Network.
Disney Parks, Experiences and Products
This segment manages the company's theme parks, resorts, and cruise lines. The Disneyland Resort in California and Walt Disney World Resort in Florida are two of the most popular destinations for tourists worldwide. Disney Cruise Line offers cruise vacations with various themed experiences.
Disney Media Networks
This division manages the company's broadcasting assets, including ABC, a major American television network, and FX Networks. Disney also owns National Geographic Partners, which produces content focused on science, exploration, and history.
Global Influence and Criticism
The Walt Disney Company has a significant cultural impact globally, influencing media, entertainment, and tourism. However, it has also faced various criticisms regarding its business practices, including issues related to corporate governance, labor conditions, and media representation.
Disney continues to expand its influence through strategic acquisitions, such as the purchase of Pixar Animation Studios, Lucasfilm, and 21st Century Fox.