Walt Disney started out as The Disney Brothers Cartoon Studio on October 16 1923. It was founded by Walt Disney and older brother Roy O Disney as equal partners. However, they were cheated by the distributor to the rights of their cartoons. In December 1929 Walt Disney Productions, Walt Disney Enterprises, Liled Realty and Investment Company and Disney Film Recording Company took over the Disney brothers’ partnership. In December 26, 1939 the company moved from Burbank California to Hyperion Studio, LA. Walt Disney Music Company was formed on October 1 1949. On July 17 1955, the first Disney Park known as Disneyland opened for audience in Anaheim California. Walt Disney World Resort and two hotels are opened near Orlando Florida on 1 October 1971. Walt Disney World Village later renamed Disney Village Market place opens on March 22 1975. The first international Disney theme park, Tokyo Disneyland opens on April 15 1983 in Japan. The few days later on April 18 1983 Disney Channel began broadcasting. In February of 1986, Walt Disney Productions was renamed The Walt Disney Company. The company expanded its business into Disney Interactive and opened Disney online in September 1995. In February 1996 Disney.com is launched on the World Wide Web and the Disney Institute is opened at Walt Disney World. On March 16 2002, Walt Disney Studios is opened in Paris. In September of 2005 Hong Kong Disneyland is opened. Marvel entertainments join the Disney family on December 31 2009. The company completes its Lucasfilm Ltd and with it the legendary Star Wars franchise.
There are 5 major business segments in the Walt Disney Company. The media networks is made up of a variety of different channels such as ESPN, Abc Family, Disney Channel Worldwide, and many more. They also have Parks and Resorts which started with the opening of Disneyland in 1955. Walt Disney resorts have now grown into the leading provider for family travel and leisure. The Walt Disney