WALT DISNEY COMPANY PROJECT
With a dream and an ambition, a young man, Walt Disney arrived in Santa Fe California with a cartoon character named Alice. Within months after the Alice cartoon became a hit, Walt and his brother created the Disney Brothers Cartoon Studio, which after a couple of years was renamed to Walt Disney Studio. In 1928, five years after his arrival to California, Walt was able to introduce a new cartoon character, Mickey Mouse. With this introduction, people were seeking amusement and to get their minds away from the gloom of depression. Since then, Walt's ideas and involvement in cartoons led to further success. And success did not stop there, it progressed to what we now known as one of the most creative empires with theme parks around the world and entertainment for many. Since opening its doors to Disneyland Resort and other Disney resorts around the world, Disney was able to grow and spread its imagination and then it was able to dominate the family entertainment market. With the organization's ability to create a brand name, slowly Disney began to diversify its markets and began to cover a wide variety of products and services ranging from DVDs to more theme parks and resorts to their own cruise ships. Walt Disney Company and its subsidiaries compromise an entertainment company that operates four different business segments. These business segments include Media Networks, Parks and Resorts, Studio Entertainment and Consumer products (Mergent). With its diverse segments, Disney Company "aims to combine imaginative material with masterful marketing, as it delivers popular culture worldwide. The core business strategy feeds a cycle of content creation that allows the company to leverage its franchises across multiple media and entertainment platforms" (Net Advantage / S&P).
Since opening its "First House of Mouse" (Marketing, P308) in Anaheim, California, the site of Disneyland in 1955, Wlat did not stop jst there. With more ideas and plans, Walt decided to expand is horizons and build a larger theme park in Orlando, Florida. With ability of having a large amout of land Walt built Magic Kingdom, Epcot, Disney MGM Studios, and Disney Animal Kingdom on the Orlando location between 1971 and 1998 (Marketing, 308).
With a desire for the patrons to stay longer and to spend more money at the theme parks, Walt proposed the building of hotels, shopping areas and restaurants on the premises of the themeparks. In California this was known as Downtown Disney (Marketing, P308).
Do to increasing number of turists from around the world to Disneyland and Disney World, especially by the Asian tourists, Walt's imagination and horizon has broadened and Walt decided to go into contract wth a Japanese company called Oriental land and opened the doors to to Tokyo Disneyland. This international idea then followed by the opening of Disneyland Paris and Tokyo DisneySea. And to make these parks a success, mny of the most popular rides of the California and Florida theme parks were replicated and installed at he above locations (Marketing, P309).
With the help of the internet, not only did Disney open up many stores around the country, but it also posted and interactive web-store, where a person can purchase anything from a towel to a theme park ticket to a vacation on one of their cruise ships. PRODUCTS
From the first cartoon character designed by Walt to theme parks, the product line has deviated tremendously and has diversified and expanded. Today there are about to hubdred Disney stores that are targeting the children between the ages of four and ten and display items for purchase such as clothes, toys, and videos. Disney also owns TV stations and radio enterprises. Among these are ABC network that has aired Who Wants to Be A Milionaire. Disney also owns sports franchises which includes the hockey team Mighty Ducks of Anaheim and a baseball team Anaheim Angels (Marketing, P310)....
Bibliography: (1) Etzel Michael J., Stanton William J., Walker Bruce J., "Walt Disney Co, Continuing to Expand into Tomorrowland", Marketing, McGraw-Hill/Irwin, New York 2004.
(2) Khermouch Gerry and Elgin Ben, "HP Wishes Upon A Star", Business Week, 13 Oct. 2003, Iss. 3853, P13.
(3) Mendenhall Michael, "Emotional Equity is Still Disney 's Key Asset", Advertising Age, 14 Feb. 2005, Vol. 76, Iss. 7, P24.
(4) "Walt Disney Company", March 2002, www.heatherw.com/mk/endorse/disneyco.htm .
(5)Wasserman Todd, "Disney 's Cinderella Belle of $150M Ball", Brandweek, 31 Jan. 2005, Vol. 46, Iss. 5, P4.
(6)Zoltak James, "Disneyland Resort Offers Two-For-One Promotion", Amusement Business, 23 Feb. 2004, Vol 116, Iss. 8, P7.
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