On this day in 1923, the Disney Brothers Studio was founded by Walt and his older brother Roy in Hollywood, California. The reason ... the Disney brothers on this day signed a contract with a cartoon distributor for their Alice Comedies.
Within 3 years the company changed its name to the Walt Disney Studio. But on December 16, 1929 the original partnership formed in 1923 was replaced by Walt Disney Productions, Ltd. (plus three other companies - Walt Disney Enterprises, Disney Film Recording Company, and Liled Reality and Investment Company - were also formed).
These 3 companies were all merged into Walt Disney Productions in 1938 and in 1940 the studio moved to its present location in Burbank, California.
It wasn't until 1952 that WED Enterprises (later named Walt Disney Imagineering) was formed to design Disneyland.
The following year Retlaw Enterprises was formed to control the rights to "Disney," and Walt Disney Studios Motion pictures to distribute feature films.
In 1957 Walt Disney Productions went public.
But in 1968 Walt Disney Productions was changed to Walt Disney Enterprises. It would stay that way until 1986 when the company's name was changed to The Walt Disney Company.
Today one of the largest media and entertainment corporations in the world ... it all started as an equal partnership between 2 brothers 85 years ago.
Click HERE for more October 16 Disney history.