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Disney objected to the overvalued purchase price of the naming right and voted against the purchase as a Disney board director. One of his first acts was to rename Disney World as "Walt Disney World" in honor of his brother and his vision. After a shaky start, Disneyland continued to grow and attract visitors from across the country and around the world. With these difficulties and with some board directors dissatisfied, Eisner ceded the board chairmanship. While the production of shorts slowed significantly during the s and s, the studio released a number of popular animated features, like Lady and the Tramp , Sleeping Beauty and One Hundred and One Dalmatians , which introduced a new xerography process to transfer the drawings to animation cels. Averaging five or six releases per year during this period. A couple of high budget films flopped at the box office. That same year, Disney began a move into the internet field with the purchase of Starwave and 43 percent of Infoseek.
At the time of his death, he owned roughly 1 percent of all of Disney which amounted to 16 million shares. Despite the success of the Disney Channel and its new theme park creations, Walt Disney Productions was financially vulnerable. Disneyland Walt Disney at the grand opening of Disneyland , July For the New York World's Fair , Disney prepared four separate attractions for various sponsors, each of which would find its way to Disneyland in one form or another. More animated films followed after Alice. Eight of the films in the series won Academy Awards. In October , the ABC network launched Disney's first regular television series, Disneyland , which would go on to become one of the longest-running primetime series in history. A major expansion in included the addition of America's first monorail system. Eisner's controlling style inhibited efficiency and progress according to some critics, while other industry experts indicated that "age compression" theory led to a decline in the company's target market due to youth copying teenage behavior earlier. At the same time, the studio began producing live-action films and documentaries. Disney's board then gave the chairmanship position to Mitchell. Walt Disney World received much of the company's attention through the s and into the s. Disney , as a board director citing his age of 72 as a required retirement age. The company announced plans to eventually use its infrastructure for an ESPN over-the-top service. Disney next moved into publishing with Hyperion Books and adult music with Hollywood Records while Walt Disney Imagineering was laying off employees. According to various news outlets, Lasseter had a history of alleged sexual misconduct towards employees. Sherman for " Chim Chim Cher-ee ". Stanley Gold responded by resigning from the board and requesting the other board members oust Eisner. Later in January , Disney decided to shut down Miramax after downsizing Touchstone, but one month later, they instead began selling the Miramax brand and its title film library to Filmyard Holdings. That same year, Disney began a move into the internet field with the purchase of Starwave and 43 percent of Infoseek. In November , "Disney World" was announced, with plans for theme parks, hotels, and even a model city on thousands of acres of land purchased outside of Orlando , Florida. Disney , returned to the company as a consultant and as non-voting director emeritus. Plus, Eisner had the company make an expensive purchase of Fox Family Worldwide. Disneyland allowed Disney a platform to introduce new projects and broadcast older ones, and ABC became Disney's partner in the financing and development of Disney's next venture, located in the middle of an orange grove near Anaheim , California. In November, test comics strips were sent to King Features , who requested additional samples to show to the publisher, William Randolph Hearst. Epcot opened in October
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