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Disney Name University Background Brief history of organization The Walt Disney Company is a renowned name in the entertainment industry. On October 16, 1923, Walt signed a contract with M.J. Winkler to create and produce a series of Alice Comedies and both Walt Disney and Roy Disney, known as Disney Brothers began their work on the project.
191). At that time, the film industry, movies did not have sound; Mickey Mouse was supposed to make his first appearance in silent film called “Plane Crazy” (Richardson, 2004, p.19). Since then, the Company has a diversified international investment in a range of industries; it has five business segments i.e. parks and resorts, media networks, consumer products, studio entertainment and interactive media (Company Overview, n.d.). In the year of 1955, Walt Disney opened Disneyland. Subsequently, it converted into The Walt Disney Parks and Resorts (WDP&R) as one of the leading facilitators of leisure experiences and family travel. Currently, there are five vacation destinations with 11 theme parks having 43 resorts in North America, Asia and Europe and sixth destination is under construction in mainland China’s Shanghai province. WDP&R also provide the Disney Cruise Line along with its four ships i.e. Disney Wonder, Disney Magic, Disney Fantasy and Disney Dream; Disney Vacation Club along with 11 properties and more than 5, 00,000 participants as members are the main services offered by the company. Mainly, it is the contribution of the Walt Disney Studios that has provided the strong foundations to the Walt Disney Company. ...
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