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Tag Archives: The Walt Disney Company

January 18

February 18, 2011 – Disney Acquires Togetherville Social Network

On February 18, 2011, Disney completed their acquisition of the social network Togetherville. The network, aimed at kids aged 13 and younger, was created by Mandeep Dhillon and Rajveer Tut, and released in a public beta version on May 19, 2010. The intent of the site was to provide children the experience of Facebook, but within the confines of an age-appropriate environment that allows parents to moderate their children’s connections. With this acquisition, Dhillon became the Vice President of TogetherVille, as well as Vice President of Strategy at Disney Interactive. The Togetherville network was discontinued in March, 2012.

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February 9

February 9. 2009 – Disney Announces Distribution Deal with DreamWorks

“Disney is the birthplace of animation and has always been as close to the worldwide audience as any company ever has.” – Director Steven Spielberg

On February 9, 2009, Disney announced that they would enter in a long-term distribution deal with DreamWorks studio. The original deal DreamWorks was with Universal, but the plan fell through when DreamWorks had asked for cash to finance their movies under their contract with Reliance BIG Entertainment. Under the Disney deal, Disney agreed to market at least six of the films created under DreamWorks’ agreement with Reliance, a Bollywood producer.  The deal did not include the DreamWorks Animation company. The first film released under this deal was the film I Am Number Four, which was released under the Touchstone Banner on February 18, 2011.

January 21

January 21, 2004 – Disney Sells Celebration Town Center to Lexin Capital

“Celebration, Florida – The Community Disney Built.”

On January 21, 2004, The Walt Disney Company sold the downtown area of the city of Celebration to Lexin Capital for an undisclosed sum, though it was estimated that the cost was at least $42 million. The self-contained city was built in Walt Disney World’s property, and first opened on June 18, 1996, when the first residents moved in. It was Disney’s first experiment with urban planning, and the sale gave Lexin Capital 18 acres, featuring retail stores, restaurants, commercial office space, private apartments, and 6.8 acres that hadn’t been developed at the time of sale.

December 21

December 21, 2012 – The Walt Disney Company Completes Acquisition of Lucasfilm

“We’re thrilled to welcome Lucasfilm to the Disney family.” – President and CEO Bob Iger

On December 21, 2012, the Walt Disney Company announced that they had completed the acquisition deal of Lucasfilm. In the terms of this agreement, Disney now owns certain Lucasfilm assets, including the Star Wars franchise, Lucasfilm Ltd. LLC, LucasArts, Industrial Light & Magic, and Skywalker Sound. This whole merger had a value of over $4 billion.

November 17

November 17, 1999 – Disney Stockholders Approve Whole Acquisition of Infoseek

On November 17, 1999, Disney stockholders approved the plans for The Walt Disney Company to acquire the remaining stock of Infoseek, making it a wholly-owned subsidiary. 43% of the outstanding common stock of the company had been purchased a year prior; this, combined with Disney’s acquisition of Starwave Corp., helped create the portal service GO Network, which featured search engines, email, and news. With Disney completely owning Infoseek, the company merged with Buena Vista Internet Group, and stocks for the GO.com portal began trading on the New York Stock Exchange the next day. The portal was eventually closed on March 1, 2001.

October 24

October 24, 2001 – Disney Acquires Fox Family Worldwide

“These assets are a perfect fit for our company. We paid approximately for a rare asset.” – Disney CEO Michael Eisner

On October 24, 2001, Disney completed the acquisition of Fox Family Worldwide, which they bought for $5.3 billion from News Corp. and Haim Saban. The announcement of the planned acquisition was presented by media outlets on July 23, 2001. The acquisition included several channels, such as Fox Family Channel and Fox Kids (rebranded as ABC Family and Jetix, respectfully). Upon the announcement of the acquisition, Disney began to shift content from ABC and other Disney broadcast channels to ABC Family, giving the channel enough programming to start off well.

October 20

October 20, 1993 – Ten New Inductees are Honored as Disney Legends

“The stuff Legends are made of…”

On October 20, 1993, ten new inductees were added as Disney Legends in a special ceremony held at the Walt Disney Studios. The ten inductees included Card Walker; former President of the Walt Disney Company; Donn Tatum, senior executive; Clarence Nash, original voice actor of Donald Duck; Jimmy MacDonald, sound effects wizard and second voice actor for Mickey Mouse; Pinto Colvig, original voice actor for Goofy; actor Buddy Ebsen, who was best known for his role as George Russel in the Davy Crockett series; Irving Ludwig, film distributor who helped form the Buena Vista Distribution Company; matte artist Peter Ellenshaw; Harper Goff, Imagineer and artist; and Blaine Gibson, Imagineer and sculptor, best known for the Partners statue in the Disney Parks. The ceremony was presided over by Michael Eisner and Roy E. Disney, and of those honored, Tatum, Nash, MacDonald, Colvig, and Goff were honored posthumously.