Walt Disney Productions

“Revenue doubled from 54 to 55, and it would just keep on climbing for decades from this point forward.”

“So the legend that's out there that everybody believes is that this was a napkin sketch that Walt himself drew. No, it was actually created Buy a Disney Studio artist as an illustration for this Wall Street Journal piece.”

“We've got this, like, joint venture called Disneyland Inc. It's got 500,000 dollars from Walt Disney Productions. It's got 500,000 dollars from ABC. It's got 200,000 dollars from Western Publishing, who distributed their books. And then Walt himself put in 250…”

“That would actually last all the way until 1982, nearly three decades after the opening, where the company says, enough is enough, goes to Walt's family, because this was after he passed away, and they bought out the name rights, the monorail, and the railroad…”

“47% of the voting power of the company is held by the Disney Voting Trust.”

“This whole thing ultimately becomes so contentious that three board directors actually resign from the public company.”

“Insanely, Wed Enterprises, which would later be Rett Law, got a total of seventy-five million dollars in checks from Walt Disney Productions for the Disneyland Railroad and for the monorail, between 1953 and 1981, and another forty six million for name royalti…”

“In 1953 in April, Walt Disney Productions board of directors, this is a public company, agreed to a personal services contract with Walt and contracts with WED to design and build the Disneyland park attractions. This is done as a cost plus contract.”

“Since labor costs made up 85 to 90% of Disney's total costs, implementing such severe economies would mean laying off more than half the staff.”

“In addition to this 500,000 and the 4.5 million, ABC is also going to pay five million dollars per year to Walt Disney Productions to make the show that they're going to put on the air. And it was ABC's to air for seven years, which made it the largest TV prog…”

“ABC ends up investing 500,000 dollars in equity in Disneyland Inc., same terms and amount as Disney Productions. In addition, though, they also guarantee four and a half million dollars in bank loans.”

“Disney ends up recognizing the Screen Cartoonist Guild Union. They raise salaries for the remaining employees, and they agree to a negotiated layoff of over 500 employees. So taking total headcount before the strike, down from 1200 to under 700.”

“The other thing this article reveals is that Disney was intentionally making its TV shows in color even when TVs were still black and white because they thought it was likely TVs would go color soon and they knew that the IP they were making would stay valuabl…”

“In 1960, when the company actually had enough cash to do it, that's when Roy negotiated, hey, we'll pay you seven and a half million dollars to buy out your stake. So by 1960, the publicly traded company, Walt Disney Productions, did own all of Disneyland, Inc…”