Although it is currently one of the biggest corporations on earth, the Walt Disney Company began as a small animation studio in the garage of Walt and Roy Disneys grandfather. This tiny venture was founded on October 16, 1923 and also in 2006, Walt Disneys company had grown to earnings of.3 billion.
The first project the Disney brothers worked was a series entitled Alices Wonderland, and in 1925, Walt Disney persuaded his brother to rename the studio into Walt Disney Studios. After several smaller failures and successes, the first Mickey Mouse cartoons Plane Crazy and Steamboat Willie were introduced to audiences in 1928. Since it was the first cartoon with sound to attain celebrity, Walt Disney managed to enlarge his ventures a year later into three other companies: Walt Disney Enterprises, Disney Film Recording Company, and Liled Realty and Investment Company.
During the next several years, what could develop into several of Disneys most beloved personalities were introduced: Pluto in 1930, Goofy in 1932, and Donald Duck in 1934. This was in 1937 that the studios feature-length animation film premiered, Snow White and the Seven Dwarfs, and it made history books by being the first animated feature film ever created. The following year,” Walt Disney merged all his companies under one title, Walt Disney Productions, and in 1940 the production house introduced both Pinocchio and Fantasia.
Since the studio started to rise, the United States foray into World War II led to a slump in film production as Disney was rather contracted to make morale-boosting government propaganda. The following 10 years were relatively slow to Disney, and movies created were only low budget or required years to make Bambi was in production for decades before its theatrical release. In 1950, the business was restored with the release of Cinderella, and 1952 saw Walt Disney begin to plan on the Walt Disney Productions theme park.
It wasn’t until 1967 that function actually started on the theme park, though it’d certainly helped that the company went public ten years prior. The Walt Disney World Resort opened in Orlando, Florida in 1971, and Disney started to create its foray into live-action movies. Although there were many ups and downs on the years after Walts passing, the business continued to make a name for itself and forge forward of new grounds. While there have been lots of roadblocks in the new millennium like the controversy over CEO Michael Eisners coverages and many aggressive bid takeover attempts the business has managed to push through to continue holding its position as one of the largest and most influential businesses on Earth.