RSS Feed

Tag Archives: The Walt Disney Company

December 2

December 2, 1988 – Disney Acquires KHJ Television Station

On December 2, 1988, The Walt Disney Company finished their acquisition of the Los Angeles-based television station KHJ. The station, originally owned by RKO, had been made available due to corporate issues; Disney had to purchase the license from Fidelity Television, while purchasing the intellectual property from RKO. Once Disney purchased the station, the call letters were changed to KCAL, and was eventually changed to K-CAL 9 in the mid-90s. The station ran Disney’s syndicated animated series, such as the lineup of the Disney Afternoon, as well as investing in other family-oriented series. Disney would eventually sell K-CAL 9 to CBS on February 14, 2002.

Advertisements

August 31

August 31, 2005 – The Walt Disney Company Pledges $2.5 Million for Hurricane Katrina Relief

“We hope that our donation will aid emergency management teams and organizations in their efforts to provide assistance to those impacted.” – Then-CEO of the Walt Disney Company Michael Eisner

On August 31, 2005, the Walt Disney Company sent out a press release announcing that it had pledged a $2.5 million contribution to the rebuilding efforts for victims of Hurricane Katrina. A million of the money pledged would go to the American Red Cross for immediate relief, another million would be sent to selected children’s charities, and $500,000 would go to volunteer centers that provided services to the communities most affected by the hurricane.

May 1

Posted on

May 1, 2007 – Susan E. Arnold Joins Disney Board of Directors

“Her distinguished ability and track-record in strategy development, innovation and brand building will be great assets to the Disney board.” – Disney Chairman John E. Pepper

On May 1, 2007, the Walt Disney Company announced that Susan E. Arnold had been elected to the company’s board of directors. In 2004, Arnold was the first woman to be named a vice chairman at Procter & Gamble, and went on to lead P&G Beauty and Health. She then held the office of President – Global Business Units of P&G, which she left in 2009. Arnold has also held the position of the director of the McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. since 2013, along with being an operating executive of The Carlyle Group.

April 25

April 25, 1988 – Michael Eisner and Mickey Mouse Appear on the Cover of Time Magazine

“Why is this mouse smiling?”

On April 25, 1988, the cover of Time magazine featured Mickey Mouse and then-CEO Michael Eisner, along with the cover story about how Eisner had taken the company and turned it into a $3 billion dollar empire.  Eisner, who had been CEO since 1984, grew Disney holdings significantly, including expansions of Walt Disney World and Disneyland.

April 2

April 2, 1940 – The First Sales of Disney Common Stock are Offered

On April 2, 1940, the first common stocks of Walt Disney Productions were offered to the public. The offerings were released with 6% cumulative convertible preferred shares; common stock offerings were about $5 a share (almost $89 when adjusted for inflation). The sales of stocks went on to raise $3.5 million for the company. On November 12, 1957, the company would be listed on the New York Stock Exchange.

March 24

March 24, 2014 – Disney Buys Maker Studios

“Mickey Mouse became a YouTube giant on Monday.”

On March 24, 2014, the Walt Disney Company announced that it had completed a deal to acquire the YouTube-based video supplier Maker Studios for $500 million. The acquisition deal also includes a stipulation that Disney would pay an additional $450 million if the aggressive growth targets are met. Disney’s acquisition was mainly about expanding its distribution and programming channels, as Maker manages over 50,000 YouTube channels, including Epic Rap Battles of History and PewDiePew. There were concerns over the acquisition, as analysts believe that Maker operates in the red due to its proceeds coming from ads across their channels. However, Disney will operate the studio under the financial area of the company until it is ready to serve the other business units.

March 18

March 18, 1968 – The Partners Federal Credit Union Starts in Disneyland

“Imagine what we can do together.”

On March 18, 1968, the Partners Federal Credit Union started in Disneyland. The Walt Disney Company has a long history with creating credit unions for its employees, with the first one, the Walt Disney Employees Federal Credit Union, opening in 1945. This Disneyland federal credit union has run under several different names, including Disneyland Recreation Club (DRC) Federal Credit Union, as well as Disneyland Employees Federal Credit Union. Partners was officially founded through a merger of Disney’s other credit union, the Vista Federal Credit Union.