Walter Elias "Walt" Disney (//; December 5, 1901 – December 15, 1966) was an American business magnate, animator, cartoonist, producer, director, screenwriter, entrepreneur, and voice actor. A major figure within the American animation industry and throughout the world, he is regarded as an international icon, and philanthropist, well known for his influence and contributions to the field of entertainment during the 20th century. As a Hollywood business mogul, he, along with his brother Roy O. Disney, co-founded the Walt Disney Productions, which later became one of the best-known motion picture producers in the world. The corporation is now known as The Walt Disney Company and had an annual revenue of approximately US$36 billion in the 2010 financial year.
As an animator and entrepreneur, Disney was particularly noted as a film producer and a popular showman, as well as an innovator in animation and theme park design. He and his staff created some of the world's most well-known fictional characters including Mickey Mouse, for whom Disney himself provided the original voice. During his lifetime he received four honorary Academy Awards and won 22 Academy Awards from a total of 59 nominations, including a record four in one year, giving him more awards and nominations than any other individual in history. Disney also won seven Emmy Awards and gave his name to the Disneyland and Walt Disney World Resort theme parks in the U.S., as well as the international resorts like Tokyo Disney Resort, Disneyland Paris, and Hong Kong Disneyland.
The Walt Disney World Resort, informally known as Walt Disney World or simply Disney World, is an entertainment complex that opened October 1, 1971, in Lake Buena Vista, Florida, and is the most visited attraction in the world, with attendance of 52.5 million annually. It is owned by The Walt Disney Company through its division Walt Disney Parks and Resorts. The property covers 30,080 acres (12,173 ha; 47 sq mi), in which it houses 24 themed resorts, four theme parks, two water parks, and several additional recreational and entertainment venues. Magic Kingdom is the original theme park on the complex, and Epcot, Disney's Hollywood Studios, and Disney's Animal Kingdom opened throughout the 1980s and 1990s.
The United States of America (USA), commonly referred to as the United States (US), America, or simply the States, is a federal republic consisting of 50 states, 16 territories, and a federal district. The 48 contiguous states and the federal district of Washington, D.C., are in central North America between Canada and Mexico. The state of Alaska is the northwestern part of North America and the state of Hawaii is an archipelago in the mid-Pacific. The country also has five populated and nine unpopulated territories in the Pacific and the Caribbean. The largest of these territories are Puerto Rico and the American Virgin Islands which are an official part of the United States. At 3.79 million square miles (9.83 million km2) in total and with around 316 million people, the United States is the fourth-largest country by total area and third largest by population. It is one of the world's most ethnically diverse and multicultural nations, the product of large-scale immigration from many countries. The geography and climate of the United States is also extremely diverse, and it is home to a wide variety of wildlife.
Paleo-indians migrated from Asia to what is now the U.S. mainland around 15,000 years ago, with European colonization beginning in the 16th century. The United States emerged from 13 British colonies located along the Atlantic seaboard. Disputes between Great Britain and these colonies led to the American Revolution. On July 4, 1776, delegates from the 13 colonies unanimously issued the Declaration of Independence. The ensuing war ended in 1783 with the recognition of independence of the United States from the Kingdom of Great Britain, and was the first successful war of independence against a European colonial empire. The current Constitution was adopted on September 17, 1787. The first 10 amendments, collectively named the Bill of Rights, were ratified in 1791 and guarantee many fundamental civil rights and freedoms.
Burbank is a city in Los Angeles County in Southern California, United States, 12 miles (19 km) northwest of downtown Los Angeles. The population at the 2010 census was 103,340.
Billed as the "Media Capital of the World" and located only a few miles northeast of Hollywood, many media and entertainment companies are headquartered or have significant production facilities in Burbank, including The Walt Disney Company, Warner Bros. Entertainment, Warner Music Group, Nickelodeon and Insomniac Games. The city is also home to the Bob Hope Airport.
The Dow Jones Industrial Average / /, also called the Industrial Average, the Dow Jones, the Dow Jones Industrial, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. The industrial average was first calculated on May 26, 1896. Currently owned by S&P Dow Jones Indices, which is majority owned by McGraw-Hill Financial, it is the most notable of the Dow Averages, of which the first (non-industrial) was first published on February 16, 1885. The averages are named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market. It is the second oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index. Since the divisor is currently less than one, the value of the index is larger than the sum of the component prices.
The Walt Disney Company, commonly known as Disney, is an American diversified multinational mass media corporation headquartered in Walt Disney Studios, Burbank, California. It is the largest media conglomerate in the world in terms of revenue. Disney was founded on October 16, 1923, by Walt and Roy Disney as the Disney Brothers Cartoon Studio, and established itself as a leader in the American animation industry before diversifying into live-action film production, television, and travel. Taking on its current name in 1986, it expanded its existing operations and also started divisions focused upon theater, radio, music, publishing, and online media. In addition, Disney has created new divisions of the company in order to market more mature content than it typically associates with its flagship family-oriented brands.
The company is best known for the products of its film studio, the Walt Disney Studios, and today one of the largest and best-known studios in Hollywood. Disney also owns and operates the ABC broadcast television network; cable television networks such as Disney Channel, ESPN, A+E Networks, and ABC Family; publishing, merchandising, and theatre divisions; and owns and licenses 14 theme parks around the world. It also has a successful music division. The company has been a component of the Dow Jones Industrial Average since May 6, 1991. An early and well-known cartoon creation of the company, Mickey Mouse, is a primary symbol of The Walt Disney Company.
Walt Disney Parks and Resorts, also known as Disney Parks, originally Walt Disney Attractions, is one of The Walt Disney Company's five major business segments. It is responsible for the conception, building, and managing of the company's theme parks and vacation resorts, as well as a variety of additional family-oriented leisure enterprises. It was founded in 1971 after the opening of Magic Kingdom at Walt Disney World in Florida, joining the original Disneyland in California. In 2009, the company's theme parks hosted approximately 119.1 million guests, making Disney Parks the world's most visited theme park company, ahead of the second-most visited, British rival Merlin Entertainments.
Greater Orlando, commonly referred to as the Orlando metropolitan area, Metro Orlando, and for U.S. Census purposes as the Orlando–Kissimmee–Sanford, Florida Metropolitan Statistical Area, is a metropolitan area in the central region of the U.S. state of Florida. Its principal cities are Orlando, Kissimmee and Sanford. The U.S. Office of Management and Budget defines it as consisting of the counties of Lake, Orange (including Orlando), Osceola, and Seminole.
According to the 2010 U.S. Census, the population of Greater Orlando is 2,134,411, an increase of 51,990 new residents between 2009 and 2010. By population, it is the third-largest metropolitan area in Florida, the fifth-largest in the southeastern United States, and the 26th largest in the United States. The MSA encompasses 4,012 square miles (10,400 km2) square miles of total area (both land and water areas).
The Walt Disney Travel Company, Incorporated, along with the Walt Disney World Company, the Walt Disney World Hospitality and Recreation Corporation and the Reedy Creek Improvement District, owns the land in the Walt Disney World Resort. These are all wholly owned subsidiaries of The Walt Disney Company.
Santa Rosa Land Company, Incorporated, incorporated in or before 1968 to own some of the Walt Disney World Resort, changed its name to Walt Disney Travel Company, Incorporated on August 16, 1973. All of the land it owns is backstage areas (i.e., areas not normally open to the public).
Entertainment is a form of activity that holds the attention and interest of an audience, or gives pleasure and delight. It can be an idea or a task, but is more likely to be one of the activities or events that have developed over thousands of years specifically for the purpose of keeping an audience's attention. Although people's attention is held by different things, because individuals have different preferences in entertainment, most forms are recognisable and familiar. Storytelling, music, drama, dance, and different kinds of performance exist in all cultures, were supported in royal courts, developed into sophisticated forms and over time became available to all citizens. The process has been accelerated in modern times by an entertainment industry which records and sells entertainment products. Entertainment evolves and can be adapted to suit any scale, ranging from an individual who chooses a private entertainment from a now enormous array of pre-recorded products; to a banquet adapted for two; to any size or type of party, with appropriate music and dance; to performances intended for thousands; and even for a global audience.
The experience of being entertained has come to be strongly associated with amusement, so that one common understanding of the idea is fun and laughter, although many entertainments have a serious purpose. This may be the case in the various forms of ceremony, celebration, religious festival, or satire for example. Hence, there is the possibility that what appears as entertainment may also be a means of achieving insight or intellectual growth.
Finance is the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.