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Disney Theme Park
Disney Parks, Experiences and Products, Inc., formerly Walt Disney Parks and Resorts Worldwide, Inc. and informally known as Disney Parks, is one of The Walt Disney Company's five major business segments and a subsidiary. It was founded on April 1, 1971, exactly six months before the opening of Magic Kingdom at Walt Disney World Resort in Bay Lake, Florida, just outside of Orlando. Originally, the company was known as Walt Disney Outdoor Recreation Division and later as Walt Disney Attractions. The most recent chairman of Walt Disney Parks and Resorts was Bob Chapek, formerly president of Disney Consumer Products. Chapek was promoted to CEO of The Walt Disney Company on February 25, 2020. On May 18, 2020, Josh D'Amaro was appointed as chairman of the division, succeeding Chapek. In 2018, the company's theme parks hosted over 157.3 million guests, making Disney Parks the world's most visited theme park company worldwide, with United Kingdom-based Merlin Entertainments coming in ...
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Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct legal entities for the purposes of tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...ation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally ...
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Walt Disney World
The Walt Disney World Resort, also called Walt Disney World or Disney World, is an entertainment resort complex in Bay Lake and Lake Buena Vista, Florida, United States, near the cities of Orlando and Kissimmee. Opened on October 1, 1971, the resort is operated by Disney Parks, Experiences and Products, a division of The Walt Disney Company. The property covers nearly , of which half has been used. The resort comprises four theme parks (Magic Kingdom, Epcot, Disney's Hollywood Studios, and Disney's Animal Kingdom), two water parks (Disney's Blizzard Beach and Disney's Typhoon Lagoon), 31 themed resort hotels, nine non-Disney hotels, several golf courses, a camping resort, and other entertainment venues, including the outdoor shopping center Disney Springs. On October 1, 2021, Walt Disney World started their celebration of its 50-year anniversary which will last for 18 consecutive months ending on March 31, 2023. Designed to supplement Disneyland in Anaheim, California, which ...
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Magic Kingdom
Magic Kingdom Park, previously known as Walt Disney World Magic Kingdom (1971–1994) and The Magic Kingdom (1994–2017), is a theme park at the Walt Disney World Resort in Bay Lake, Florida, near Orlando, Florida. Owned and operated by The Walt Disney Company through its Parks, Experiences and Products division, the park opened on October 1, 1971, as "Walt Disney World Magic Kingdom", the first of four theme parks at the resort. The park was initialized by Walt Disney and designed by WED Enterprises. Its layout and attractions are based on Disneyland Park in Anaheim, California, and are dedicated to fairy tales and Disney characters. The park is represented by Cinderella Castle, inspired by the fairy tale castle featured in the 1950 film. In 2019, the park hosted 20.9 million visitors, making it the most visited theme park in the world for the thirteenth consecutive year and the most visited theme park in North America for at least the past nineteen years. History Planni ...
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Disney Interactive
Disney Interactive is an American video game and internet company that oversaw various websites and interactive media owned by The Walt Disney Company. History 1995–1996: Formation and beginnings In December 1994, Disney announced that it was establishing a new division dedicated to publishing computer and video game console software, called Disney Interactive. The initial staff consisted of 200 newly hired employees. The company was formally established in mid-1995. On August 23, 1995, Disney Interactive formed Disney Online. 1997–2007: Buena Vista Internet Group Disney purchased a one-third share of Starwave on April 3, 1997, for $100 million. In January 1998, Disney registered go.com. Exercising its options, Disney purchased the outstanding shares of Starwave from Paul Allen in April 1998. In June 1998, Disney purchased 43% ownership of Infoseek in exchange for Starwave and $70 million. Infoseek and Disney Online joint ventured in developing the Go Network, an interne ...
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The Muppets Studio
The Muppets Studio, LLC, formerly The Muppets Holding Company, LLC, is a wholly owned entertainment subsidiary of Disney Parks, Experiences and Products, formed in 2004 through The Walt Disney Company's acquisition of ''The Muppets'' and ''Bear in the Big Blue House'' intellectual properties from The Jim Henson Company. Background In the late-1980s, Jim Henson had been in talks with Disney CEO Michael Eisner to sell Jim Henson Productions to the Walt Disney Company. In August 1989, the two officially announced a deal for Disney to purchase Jim Henson Productions for $150 million. The deal fell through several months after Jim Henson's death in 1990. Despite the collapse of the merger deal, by 1992, Disney and Jim Henson Productions had already struck a number of deals: *Exclusive domestic rights to Henson theme park attractions in the western U.S. until May 1994 plus 2 year non-exclusively, including the design of two Muppet attractions at Walt Disney World *Buena Vista Home Vide ...
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Disney Publishing Worldwide
Disney Publishing Worldwide (DPW), formerly known as The Disney Publishing Group and Buena Vista Publishing Group, is the publishing subsidiary of Disney Parks, Experiences and Products, a subsidiary of The Walt Disney Company. Its imprints include Disney Editions, Disney Press, Kingswell, Freeform, and Hyperion Books for Children. It has creative centers in Glendale, California, and in Milan, Italy. History In 1990, Disney Consumer Products discontinued its license for ''Topolino'', an Italian Mickey Mouse magazine. This led Michael Lynton, the Disney Consumer Products business development director, to start up its own Magazine Group with the similarly outlaid ''Disney Adventures''. Through Walt Disney Publications, Inc., Disney Publishing launched Disney Comics in the United States. That same year, Disney began publishing ''Disney Adventures''. In 1991, Disney Publishing purchased ''Discover'' magazine from Family Media, placing it within its Magazine Group and purchased the ' ...
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Walt Disney Creative Entertainment
Disney Live Entertainment is the theatrical live entertainment production division of Walt Disney Imagineering, the design and development arm of Disney Parks, Experiences and Products, a segment and direct subsidiary of The Walt Disney Company. History Disney Entertainment Formerly founded as Walt Disney Entertainment as a wing of the Walt Disney Company, it produced all shows and parades for Disney worldwide, including everything from the Disney-created Super Bowl Half-time shows to theme parks. The division was altered on January 31, 2001, at the retirement of Executive Vice President, Ron Logan, who was the head of the division. Disney Creative Entertainment Disney Creative Entertainment was founded in 2000 with the arrival of Executive Vice President Anne Hamburger. Works Some of the company's most notable works since being officially formed in 2000 include: Disneyland Resort * Disneyland **''Fantasmic!'' **''The Lion King Parade'' **''Light Magic'' **'' Believe... There's ...
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Disney Cruise Line
Disney Cruise Line is a cruise line operation that is a subsidiary of The Walt Disney Company. The company was incorporated in 1996 as Magical Cruise Company Limited, through the first vessel, ''Disney Magic'' and is domiciled in London, England, with their operational headquarters located in Celebration, Florida. Disney Cruise Line currently operates five ships: ''Disney Magic'', ''Disney Wonder'', ''Disney Dream'', ''Disney Fantasy'', and '' Disney Wish''. Three ships will join the fleet in 2024 and 2025. The next one was announced to be named ''Disney Treasure''. Disney Cruise Line also owns Castaway Cay, a private island in the Bahamas designed as an exclusive port of call for Disney's ships. A second private destination, Lighthouse Point, a 700-acre property on the southern end of Eleuthera, Bahamas is in the works to open in early 2024. Disney Cruise Line operates the Disney Cruise Line Terminal (Terminal 8) in Port Canaveral, Florida. The cruise line has experienced so ...
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Disney Vacation Club
The Disney Vacation Club (DVC) is a vacation timeshare program owned and operated by Disney Vacation Development, Inc., a subsidiary of Disney Signature Experiences, a division of Disney Parks, Experiences and Products, a segment of The Walt Disney Company. It allows buying a real estate interest in a DVC resort via a flexible points-based membership system. There are an estimated 220,000 club members. History The first Disney Vacation Club property, known as the Disney Vacation Club Resort (later renamed Disney's Old Key West Resort in January 1996), opened on December 20, 1991 at Walt Disney World. *The Disney Magazine, Spring 1996, Volume 31, Number 2. Page 18. *''Disney A to Z – The Updated Official Encyclopedia'', by Dave Smith, 1998. Page 584. In 1991, Disney had registered its time share plan with the state of Hawaii but did not establish an escrow agreement with Hawaii at the time of its creation. This allowed Disney to advertise its time share company in the state but ...
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Disney Consumer Products
Disney Consumer Products, Inc. is the retailing and licensing subsidiary of the Disney Parks, Experiences and Products segment of The Walt Disney Company. Previously, Consumer Products was a segment of Disney until 2016, then a unit of Disney Consumer Products and Interactive Media (2016–2018). Since the 2000s, Disney Consumer Products has consistently been the most profitable merchandise licensor in the world, generating billions more in retail sales than its main competitors ( Warner Bros. Consumer Products, Universal Brand Development, and Paramount Consumer Products). Background DCPI's origins trace back to 1925, when Walt Disney licensed the image of fredrich vine for use on a children's books. sources:*The Disney Touch, by Ron Grover, 1991.*The Musical World of Walt Disney, by David Tietyen, 1990. Page 19.Walt Disney - An American Original, by Bob Thomas, 1994. Page 106.*Disney Discourse - Producing the Magic Kingdom, by Eric Smoodin, 1994. Page 205.*Walt Disney's Mickey ...
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Walt Disney Imagineering
Walt Disney Imagineering Research & Development, Inc., commonly referred to as Imagineering, is the research and development arm of The Walt Disney Company, responsible for the creation, design, and construction of Disney theme parks and attractions worldwide. The company also manages The Walt Disney Company's properties, from Walt Disney Studios in Burbank to New Amsterdam Theatre and Times Square Studios Ltd. in New York City. Founded by Walt Disney to oversee the production of Disneyland, it was originally known as Walt Disney, Inc. then WED Enterprises, from the initials meaning "Walter Elias Disney", the company co-founder's full name. Headquartered in Glendale, California, Imagineering is composed of "Imagineers", who are illustrators, architects, engineers, lighting designers, show writers and graphic designers. The term Imagineering, a portmanteau, was introduced in the 1940s by Alcoa to describe its blending of imagination and engineering, and used by Union Carbide i ...
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Shanghai Disney Resort
Shanghai Disney Resort () is a themed resort in Pudong, Shanghai, China. The resort opened to the public on June 16, 2016. It is the first Disneyland in mainland China. It is also the sixth Disney resort worldwide, after Disneyland Resort, Walt Disney World Resort, Tokyo Disney Resort, Disneyland Paris Resort and Hong Kong Disneyland Resort. The resort features Shanghai Disneyland, an entertainment district, two themed hotels, recreational facilities, a lake and associated parking and transportation hubs. Additional phases will see the development of two additional theme parks at the resort. The site will cover in Pudong, or approximately three times the size of Hong Kong Disneyland, at a cost of () for the new theme park and an additional () to build other aspects of the resort, totaling (). The Walt Disney Company owns 43 percent of the resort; the majority 57 percent is held by Shanghai Shendi Group, a joint venture of three companies owned by the Shanghai government. H ...
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