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In 1987, the company signed an agreement with the Government of France to build a resort named Euro Disneyland in Paris; it would consist of two theme parks named Disneyland Park and Walt Disney Studios Park, a golf course, and six hotels. As profits for the company started to decline, on October 1, 1982, Epcot, then known as EPCOT Center, opened as the second theme park in Walt Disney World, with around 10,000 people in attendance during the opening. The animation industry continued to decline and 69% of the company’s profits were from its theme parks; in 1982, there were 12 million visitors to Walt Disney World, a figure that declined by 5% the following June. On July 9, 1982, Disney released Tron, one of the first films to extensively use computer-generated imagery . At Disney World, the company opened Disney’s Animal Kingdom, the largest theme park in the world covering 580 acres on Earth Day, April 22, 1998. Receiving positive reviews, Disney’s next animated films Mulan and Disney-Pixar film A Bug’s Life were released on June 5 and November 20, 1998, respectively.
At the time of Walt’s death, Roy was ready to retire but wanted to keep Walt’s legacy alive; he became the first CEO and chairman of the company. In May 1967, Roy had legislation passed by Florida’s legislatures to grant Disney World its own quasi-government agency in an area called Reedy Creek Improvement District. Roy also changed Disney World’s name to Walt Disney World to remind people it was Walt’s dream. Over time, EPCOT became less of the City of Tomorrow and developed more into another amusement park.
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. อนิเมะจีน 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.
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.
Roy Disney tried to persuade the company’s main distributors to invest in the studio and to secure more production funds for the studio, which could no longer afford to offset production costs with employee layoffs, but was unsuccessful. During the premiere of The Reluctant Dragon , Disney’s fourth film, Robert Benchley toured the company’s studio; protesters from the strike arrived and the film was $100,000 short of its production cost. It became the highest-grossing film of all time up to that point, grossing $8 million equivalent to $150,796,296 in 2021; after several re-releases, the film grossed a total of $998,440,000 in the U.S. adjusted for inflation. After the profits of Snow White and the Seven Dwarfs, Disney financed the construction of a new studio complex of 51 acres (20.6 ha) in Burbank, California, which the company fully moved into in 1940.
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.
It won five Academy Awards, including Best Actress for Julie Andrews as Poppins and Best Song for the Sherman Brothers’, who also won Best Score for the film’s “Chim Chim Cher-ee”. Disney has been criticized for both putting LGBT+ elements into its films and for having insufficient LGBT+ representation in its media. In the live-action film Beauty and the Beast, director Bill Condon announced LeFou would be depicted as a gay character, prompting Kuwait, Malaysia, and a theater in Alabama to ban the film, and Russia to give it a stricter rating. In Russia and several Middle Eastern countries, the Pixar movie Onward was banned for having Disney’s first openly lesbian character Officer Specter, while others said Disney needed more representation of LGBT+ persons in its media.
In 1943, following the trip to South America, the studio made Saludos Amigos and The Three Caballeros; the two films are package films, several short cartoons grouped together to make a feature film. Disney made more package films, including Make Mine Music , Fun and Fancy Free , Melody Time , and The Adventures of Ichabod and Mr. Toad , to try to recover from its financial losses. The studio started production on less-expensive live-action films with a mixture of animation, starting with Song of the South which became Disney’s most controversial film. Because the company was short of money, in 1944, it planned to re-release its feature films to create much-needed revenue. In 1948, Walt Disney Studio began the nature documentary series,True-Life Adventures, which ran until 1960 and won eight Academy Awards.

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