Walt Disney Studios is an American film studio, one of four major businesses of The Walt Disney Company and a major component of its Studio Entertainment segment. The studio, renowned for its multi-faceted movie division, is one of Hollywood's major movie studios, based at Walt Disney Studios in Repute Burbank, California.
Studios generated revenues of approximately $ 2,355 billion during fiscal year 2017. The studio's own entertainment business (live action and animated movies, live content to video, music recordings and live stage drama) generated $ 8.379 billion by 2017.
The Walt Disney Studios is a member of the Motion Picture Association of America (MPAA).
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Walt Disney Productions began production of their first long animated film in 1934. Taking three years to complete, the Snow White and the Seven Dwarfs, aired in December 1937 and became the best-selling film of the time in 1939. In the 1940s, Disney began experimenting with live-action movies, introducing hybrid action-animated movies such as The Reluctant Dragon (1941) and Song of the South (1946). In the same decade, the studio began producing natural documentaries with Seal Island releases (1948), the first of the True-Life Adventures series and the next Academy Award winner for Short Live Broadcast Movies Best.
Walt Disney Productions had its first live-action film in 1950 with the release of Treasure Island , which Disney regarded as an official conception of what would eventually evolve into a modern-day picture of Walt Disney. In 1953, the company terminated their agreement with third party distributors such as RKO Radio Pictures and United Artists and formed their own distribution company, Buena Vista Distribution.
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History
1980s
In the 1980s, the collection of Walt Disney Company's film units emerged as one of Hollywood's major movie studios, largely due to newly designed efforts in branding strategies, the rise of Walt Disney Pictures animated releases and unprecedented box office success happened before, especially from Touchstone Picture. The film division of Walt Disney Productions was founded on 1 April 1983 as Walt Disney Pictures. In April 1983, Richard Berger was hired by Disney CEO Ron W. Miller as film president. Touchstone Films was started by Miller in February 1984 as a label for their PG-rated movie with half expected from Disney movies 6 to 8 films to be released under the label. Berger was pushed out as new CEO was appointed to Walt Disney Productions later in 1984, as Michael Eisner brought his own film, Jeffrey Katzenberg and president of the film studio, Richard H. Frank. Touchstone and Hollywood Pictures were formed in the unit on February 15, 1984 and February 1, 1989.
Held in 1985, Silver Screen Partners II, L.P. financed the Disney movie for $ 193 million. In January 1987, Silver Screen III began financing the movie for Disney with an increased $ 300 million, the largest number raised for a limited financing partnership film by E.F. Hutton.
In April 1988, Touchstone became a Walt Disney Pictures unit with the newly appointed Ricardo Mestres head. With several production companies out of film production or closing stores in December 1988, Walt Disney Studios announced the creation of Hollywood Pictures division, which will only share marketing and distribution with Touchstone, to fill the void. Walt Disney Television and Touchstone Television were grouped together under Garth Ancier as president of the television network for The Walt Disney Studios on April 18, 1989.
In the late 1980s, Disney purchased a controlling stake in one of the Pacific Theater networks that led to Disney's Buena Vista Theaters and Pacific to renovate the El Capitan Theater and the Crest in 1989. The Crest finished first while El Capitan opened with its premiere > The Rocketeer movie on June 19, 1991.
1990s
In September 1990, The Walt Disney Company arranged to finance up to $ 200 million by the Nomura Securities film unit for Interscope made for Disney. On October 23, 1990, Disney formed Touchwood Pacific Partners I to replace the Silver Screen Partnership series as a major funding source for their movie studios. In 1992, Walt Disney Studios agreed to fund a production company, Caravan Pictures, to quit the chairman of 20th Century Fox Joe Roth. In 1993, Miramax Film was bought for $ 60 million by Disney.
On March 30, 1992, Disney Studios agreed to sell KCAL-TV to Pineland, Inc. for ownership of 45% stake in Pineland, so having an interest in TV stations in big markets, Los Angeles and New York City, allows for the enhancement of native programming. Instead, Pineland approved an unsolicited offer in May from Chris-Craft Industries ending a planned business incorporation with Disney's KCAL.
David Hoberman was promoted by Katzenberg to the film president at Walt Disney Studios in April 1994 from the presidents of Walt Disney Pictures and Touchstone Pictures. While Ricardo Mestres was forced out as president of Hollywood Pictures to be exchanged for a production deal.
On August 24, 1994 with Katzenberg's resignation, Walt Disney Studios was reorganized by turning a new TV group. Richard Frank became head of the newly formed Walt Disney Television and Telecommunications (WDTT). Roth moved from Caravan Pictures to lead the remaining Walt Disney Studios as chairman. Hoberman resigned as president in January 1995 to take five years, a multi-film deal for his production company, Mandeville Films.
Roth was appointed chairman of Walt Disney Studios in 1996. In April 1996 due to an ongoing post reunited Disney-CC/ABC mergers and his president's retirement, the WDTT group division was transferred to another group with most being transferred to The Walt Disney Studios or CC/ABC. The units that returned to the studio were television production companies, Walt Disney Television, Disney Television Animation, Touchstone Television and Buena Vista Home Entertainment.
Buena Vista International - Latin America and two other companies became owners of the Patagonic Film Group, an Argentine-based production company, in 1997. In late 1997, Disney bid in the Epic CDR film library but lost to PolyGram Filmed Entertainment.
Disney's Buena Vista Distribution and Cinergi Pictures have a 25-picture distribution deal with Disney taking a 5% share of Cinergi. After nine films were delivered under the agreement, Cinergi sold Disney on November 22, 1997 to the 12 movie libraries except for Die Hard With a Vengeance plus $ 20 million in exchange for Cinergy Disney shareholdings, $ 35.4 million in progress and other loans.
In 1998, Buena Vista Motion Pictures Group was formed by Roth to unite Disney, Touchstone and Hollywood film production units with leadership under David Vogel. This is to focus the various production units and to make live-action film production at Disney more cost-efficient. Roth also determined that the slate production of the studio year should be cut. So in August 1998, Roger Birnbaum, a co-founder of the Caravan, went together to discover Spyglass Entertainment at Roth's insistence that Disney gave the cornerstone of development, a five-year distribution agreement and an advance. Caravan after the remaining three movies will be released when inactive. In May 2000, Disney had taken equity stake in Spyglass.
Peter Schneider was promoted to Studio president in January 1999, while Thomas Schumacher was promoted to the presidency of Walt Disney Feature Animation and Walt Disney Theatrical Productions while both were co-presidents of Disney Theatrical Group. As president of the first Studio, Schneider has oversight control over all of Walt Disney's label-releasing movies. In July, Walt Disney Television, including Buena Vista Television Productions, was moved from The Walt Disney Studios to ABC Television Network to join ABC's main division to form the ABC Entertainment Television Group.
2000s
Roth went on to form his own production company in January 2000, with Schneider moving to studio chairman. Schneider left Walt Disney Studios in June 2001 to form his own theatrical production company partly funded by Disney. The studio leadership was not filled when leaving the main studio unit, Walt Disney Motion Pictures Group chair Dick Cook, Buena Vista Motion Pictures Group chair Nina Jacobson and the responsible Walt Disney Feature Animation Schumacher president. In 2002, Cook was named chair of the Studio to replace Peter Schneider. In January 2002, Buena Vista International - Latin America established a joint venture production company, Miravista, with Admira, TelefÃÆ'³nica's content production and distribution division, for film production primarily Brazil and Mexico.
In January 2003, Disney began the reorganization of its theatrical and animation units to increase resource use and continue to focus on new characters and franchise development. Walt Disney Feature Animation - sans Walt Disney Television Animation - and Buena Vista Theatrical Worldwide organized under The Walt Disney Studios. In 2003, the studio set a worldwide box office record of $ 3 billion gross.
In July 2006, Disney announced a change in strategy to release more Disney-branded films (ie Walt Disney Pictures) and fewer Touchstone titles. This move is expected to reduce the Group's work force by about 650 positions worldwide. This is a cost-cutting step with its annual slate will consist of 12 to 15 films.
After being transferred to various other division groups since they were acquired in 2004, The Muppets Studio was incorporated into the Walt Disney Studios Special Event Group in 2006. In April 2007, Disney pulled the Buena Vista brand, renamed Buena Vista Motion Pictures Group and Distribution Buena Vista Pictures as Walt Disney Motion Pictures Group and Walt Disney Studios Motion Pictures, respectively. Hollywood Pictures has also retired. In July 2007, Disney CEO Bob Iger banned the portrayal of tobacco and tobacco products from Walt Disney Pictures, and limited such portrayals in Touchstone and Miramax films.
In April 2009, Studio announced the establishment of Disneynature, a natural film production label. The Studio launched the Comic Kingdom division in May, led by writer-actor Ahmet Zappa, television executive Harris Katleman and writer-editor Christian Beranek. The kingdom is designed to create new properties for possible movie development and re-imagine and redevelop the existing Disney library movies, with Disney Publishing Worldwide getting the first look for publishing.
On February 9, 2009, DreamWorks Studios signed a 7-year, 30-picture distribution deal with Touchstone Pictures studio banners beginning in 2011. The agreement also includes Disney's shared funding for DreamWorks for production. At the end of 2009, Miramax Films, a previously independent Disney movie unit, was transferred to The Walt Disney Studios, until its 2010 sale to Filmyard Holdings. Creative/executive units of the Comics Kingdom move their agreement to independent Monsterfoot Productions.
On September 18, 2009, Cook was forced out as chairman was allegedly asked to do so by Bob Iger, CEO of Walt Disney Company, for rejecting the perceived changes Iger needed and the bad results of the previous year. He was then replaced by the president of Disney Channels Worldwide, Rich Ross on October 5, 2009.
2010s
After Walt Disney Company's $ 4.2 billion acquisition of Walt Disney Company in December 2009, Disney began distributing Marvel Studios movies in 2012, acquiring distribution rights for The Avengers and Iron Man 3 from Paramount Pictures in October 2010. Marvel Studios, however, remained a division of Marvel Entertainment during that time, working with Walt Disney Studios for distribution and marketing.
In May 2011, Disney India and UTV Motion Pictures agreed to jointly produce Disney family films by handling creative functions and producing, marketing, and distributing movies. In 2011, Disney fired the marketing department of Marvel Studios who took over the marketing of their movie starting from the 2012 movie The Avengers.
On April 20, 2012, Ross was fired as studio chairman. On October 30, 2012, Lucasfilm agreed to be purchased by The Walt Disney Company and the new Star Wars trilogy was announced and completed on December 4th. Later that year on December 4, Disney agreed to own Netflix. as the exclusive US subscription television service for the first time runs Walt Disney Pictures, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios and Disneynature feature films beginning in 2016 to replace its agreement ending in 2015 with Starz.
In April 2013, Walt Disney Studios laid off 150 workers including staff from its marketing and home entertainment units. In December of the same year, Disney purchased distribution and marketing rights for Indiana Jones' future films from Paramount Pictures, while Paramount will continue to distribute the first four films and receive "financial participation" from additional films. Studio and Shanghai Media Group Pictures signed a multi-year film development agreement, prior to the March 6, 2014 announcement, in which Chinese themes will be incorporated into Disney-branded films. In March 2015, Iger expanded the smoking and tobacco ban in the studio to include all the films released by the studio - including films rated PG-13 and below - unless such descriptions are historically relevant.
In August 2015, Marvel Studios was transferred to Walt Disney Studios, with president Kevin Feige now reporting directly to Walt Disney Studios chairman Alan Horn instead of Marvel Entertainment CEO Isaac Perlmutter, who continues to watch Marvel Television and Marvel Animation previously part of Marvel Studios. Disney received ownership rights over the thirteen DreamWorks movies it distributed, in compensation for outstanding loans because DreamWorks was restructured into Amblin Partners.
On December 19, 2016, Walt Disney Studios became the first major studio to reach $ 7 billion at the global box office. It surpassed Universal's record of 2015 of $ 6.89 billion. Disney did it with five of the top 10 movies of the year with a record of four of them, The Jungle Book, Finding Dory Captain America: Civil War and Rogue One , with weekend opening requiring more than $ 100 million. Four movies in 2016 generate gross revenues of more than $ 1 billion and $ 966 million globally. The two studio units' (Pixar and Marvel Studios) combined lifetime library grosses over $ 10 billion.
In November 2017, the studio briefly forbade journalists from the Los Angeles Times attend a pre-release screening for its film, after publishing a report on Disney's political influence in the Anaheim area that the company considers to be. "Biased and inaccurate". After a boycott attempt emerged among some of the leading critics and publications (including Alyssa Rosenberg blogger Alyssa Rosenberg, The New York Times and Tyler's
In December 2017, Disney announced plans to buy 21st Century Fox for $ 52.4 billion. In preparation for integration of 21st Century Fox assets in March 2018, the Disney Company reorganized creating a new segment (Disney Jump to Consumer and International), combining two segments and transferring various units to new segments including Janice Marinelli leading Walt Disney Studios Home Entertainment from the studio.
Studio Structure
- Former units included
- Buena Vista Motion Pictures Group (1998-c.2001) umbrella unit for production company
- The Caravan Image (1992-1999) is off
- Disney Circle 7 Animation
- Distribution and marketing of Walt Disney Motion Pictures Group (c.2001) (inactive)
- Walt Disney Television - two in charge of studio units; (until 1994) transfer to Walt Disney Television and Telecommunications; (April 1996 - 2003) transfers to Disney Channels Worldwide
- Hollywood Images (dead)
- ImageMovers Digital
- Royal Comics
- Miramax Films (for sale)
- Dimension Films
- The Muppets Studio (2006-2014; transferred from Disney Consumer Products to the Special Events Group then returns to Disney Consumer Products and Interactive Media Lab)
- Touchstone Television - two in charge of studio units; (until 1994) transfer to Walt Disney Television and Telecommunications; (April 1996 -)
- Walt Disney Studios Home Entertainment; (April 1978 - 2018) transfer to Disney Direct-to-Consumer and International
Production
Walt Disney Pictures is a movie banner that includes the launch of its own live action productions, in addition to films produced by the company's animated studios, especially Walt Disney Animation Studios and Pixar Animation Studios. Marvel Studios - acquired through Disney's purchase of Marvel Entertainment in 2009 - produces superhero movies based on Marvel Comics characters, including the Marvel Cinematic Universe franchise. Lucasfilm - acquired by Disney in 2012 - develops and produces films including movies in the Star Wars and Indiana Jones franchises. Disneynature is an independent film genre label devoted to the production of natural documentaries.
In 1993, Disney acquired Miramax Films and the genre label Dimension Films, with its previous division operating as an autonomous unit until 2009, and the Dimension label became absorbed by The Weinstein Company in 2005. In 2009, Miramax folded into Walt Disney Studios. , and continues to function as a distribution label until sold by Disney to Filmyard Holdings in 2010. From 2007 to 2010, Disney and ImageMovers run a joint motion animation facility; ImageMovers Digital.
Distribution
All the above mentioned film production is distributed theatrically by Walt Disney Studios Motion Pictures and on home media platform by Walt Disney Studios Home Entertainment. Another film banner, Touchstone Pictures, released a film devoted to more mature adult audiences and was previously an active production unit.
Disney Music Group
The Disney Music Group is a music production group headed by Ken Bunt, which consists of two record labels - Walt Disney Records and Hollywood Records - and several publishing entities that handle Disney music.
Disney Theatrical Group
Disney Theatrical Group is a division that produces live theater and stage performances. Currently under the leadership of Thomas Schumacher. Disney's Theatrical Productions Division has been responsible for the production of various musical, tour events, ice shows, and other theatrical events. Their performances include: Beauty and Animals , Lion King , Aida , Tarzan , Mary Poppins , Newsies and many Disney on Ice incarnations.
See also
- ESPN Films
- UTV Motion Pictures
References
External links
- Official website
- Disney Studio Service
- Disney Digital Studio Service
- History of Walt Disney Studios
Source of the article : Wikipedia
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