W A L T D I S N E Y S T U D I O S
"Where dreams come true."
In 1901 Chicago, Walter Elias Disney was born, who was later going on to start the infamous 'Walt Disney Company' in 1923. His initial cartoon was 'Oswald the Lucky Rabbit' in 1927, however, in 1928 Mickey Mouse was created. The studio's first full length animation in 1937 (Snow White and the Seven Dwarfs) enabled Walt to start up a larger studio in Burbank with the profits to meet the demands from his audience.
As of currently, the headquarters are still located in Burbank, California, and the company has been running for 97 years. There is no individual owner as the company is publicly traded; the largest known shareholder is Vanguard Group Inc. with 7.5% of shares - the investment management company also own Time Warner, News Corp and and Comcast, controlling over than 90% of American media. With this in mind, this enables Disney to have wider audiences, greater distribution of their products, cheaper costs and a faster and quicker service, particularly with the role of new media technology. Disney also own Pixar (Emeryville), Marvel Studios (Burbank), Lucasfilm (San Francisco), 20th Century Studios (Los Angeles) and Searchlight Pictures (Los Angeles) - the conglomerate is estimated to own up to 40% of American film and television companies, with 13 films in pre-production, 8 films in production, and 6 in post production.
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The company's top 5 box office successes are as follows (in order):
$2,797,501,328
Budget: $356 mil
Director(s): Anthony Russo, Joe Russo
Cast: Scarlett Johansson, Chris Hemsworth, Chris Evans, Robert Downey Jr., Jeremy Renner, Paul Rudd, Mark Ruffalo, Brie Larson, Karen Gillan, Josh Brolin, Bradley Cooper, Danai Gurira, Don Cheadle
$2,070,828,263
Budget: $306 mil
Director(s): J.J. Abrams
Cast: Adam Driver, Daisy Ridley, Harrison Ford, Mark Hamill, Carrie Fisher, John Boyega, Oscar Isaac
$2,048,359,754
Budget: $316 mil
Director(s): Anthony Russo, Joe Russo
Cast: Scarlett Johansson, Chris Hemsworth, Chris Evans, Robert Downy Jr., Mark Ruffalo, Danai Gurira, Elizabeth Olson, Chris Pratt, Josh Brolin, Benedict Cumberbatch
$1,670,719,887
Budget: $260 mil
Director(s): Jon Favreau
Cast: Donald Glover, Seth Rogen, Chiwetel Ejiofor, Alfre Woodard, Billy Eichner, John Kani, John Oliver, Beyoncé, James Earl Jones
$1,518,815,515
Budget: $220 mil
Director(s): Joss Whedon
Cast: Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Jeremy Runner, Tom Hiddleston, Samuel L. Jackson
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As it can be seen in the films above, Disney tend to work with the same actors and directors if they are already part of an existing franchise, such as the Avengers, or Star Wars - this is to create another factor of appeal for the audience within a film with a well known and established A-list cast, as well as ensuring to maintain the same 'style' for a film so viewers are aware of what they want to watch in terms of technical elements.
As a big institution, Disney are therefore able to:
-> Have wider audiences (globally)
-> Have greater distribution
-> Create more services and products
-> Have faster and quicker services provided to them
-> Cheaper costs as they own everything from 'End to end'
-> Make more profits
-> Have a consolidation of power