Later, Disney bought children’s cable network Fox Family Worldwide for $3 billion and the assumption of $2.3 billion in debt. The deal also included 76% stake in Fox Kids Europe, Latin American channel Fox Kids, more than 6,500 episodes from Saban Entertainment’s programming library, and Fox Family Channel. In 2001, Disney’s operations had with a net loss of $158 million after a decline in viewership of the ABC television network, as well as decreased tourism due to the September 11 attacks. Disney earnings in fiscal 2001 were $120 million compared with the previous year’s $920 million.
That year, Disney became the first studio to release two $1-billion-dollar-earning films in one calendar year. In 2010, the company announced ImageMovers Digital, which it started in partnership with ImageMovers in 2007, would be closing by 2011. In 1988, Disney’s 27th animated film Oliver & Company was released the same day as that of former Disney animator Don Bluth’s The Land Before Time. Oliver & Company out-competed The Land Before Time, becoming the first animated film to gross over $100 million in its initial release, and the highest-grossing animated film in its initial run. At the time, Disney became the box-office-leading Hollywood studio for the first time, with films such as Who Framed Roger Rabbit , Three Men and a Baby , and Good Morning, Vietnam .
After unsuccessful negotiations with cruise lines Carnival and Royal Caribbean International, in 1994, Disney announced it would start its own cruise-line operation in 1998. The first two ships of the Disney Cruise Line would be named Disney Magic and Disney Wonder, and would be built by Fincantieri in Italy. To accompany the cruises, Disney bought Gorda Cay as the line’s private island, and spent $25 million remodeling it and renaming it Castaway Cay. After becoming a major success by the early 1940s, the company diversified into live-action films, television, and theme parks in the 1950s. Following Walt Disney’s death in 1966, the company’s profits, especially in the animation division, began to decline.
The film was the first full-color cartoon and later that year, it won the Academy Award for the Best Cartoon. In 1933, The Three Little Pigs, another popular Silly Symphonies short, was released and also won the Academy Award for Best Cartoon. The song from the film “Who’s Afraid of the Big Bad Wolf?”, which was composed by Frank Churchill—who wrote other Silly Symphonies songs—became popular and remained so throughout the 1930s, and became one of the best-known Disney songs. Other Silly Symphonies films won the Best Cartoon award from 1931 to 1939, except for 1938, when another Disney film Ferdinand the Bull won it. Disney was founded on October 16, 1923, by brothers Walt and Roy O. Disney as Disney Brothers Studio; it also operated under the names Walt Disney Studio and Walt Disney Productions before changing its name to The Walt Disney Company in 1986.
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. อนิเมะซับไทย 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.
To help reduce costs, Disney announced it would be lay off 4,000 employees and close 300 to 400 Disney Store outlets. After winning the World Series in 2002, Disney sold Anaheim Angels to businessman Arturo Moreno for $180 million in 2003. The same year, Roy Disney announced his retirement because of the way the company was being run, calling on Eisner to retire; the same week, board member Stanley Gold retired for the same reasons. Dow Jones & Company, wanting to replace three companies in its industrial average, chose Disney in May 1991, statement Disney “reflects the importance of entertainment and leisure activities in the economy”. Disney’s next animated film Beauty and the Beast was released on November 13, 1991, and grossed nearly $430 million.