Disneyland, Inc.: Difference between revisions
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Disneyland, Inc. was later re-incorporated by Angelo Scrigna, on 21st May 2010. |
Disneyland, Inc. was later re-incorporated by Angelo Scrigna, on 21st May 2010 by the Secretary of California with Angelo Scrigna as the Incorproator. |
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Los Angeles Stock Exchange, Inc. was then assigned successor in Interest, that filing can be found at the California Sceratary of staes WebSite www.sos.ca.gov or go here: http://134.186.208.228/caleasi/search.asp?TASKNAME=xshowDocs&PackageID=409675 to see the actually stock sale. |
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Disneyland, Inc. then changed it's name to Scrigna Bros., Inc. |
Disneyland, Inc. then changed it's name to Scrigna Bros., Inc. |
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Revision as of 23:52, 3 June 2011
Disneyland, Inc. was incorporated in the State of California on December 16, 1952. The company was initially a jointly owned venture by Walt Disney Productions, Western Publishing, Walt Disney and the American Broadcasting Company to manage and built the Disneyland theme park in Anaheim, California. The investment pool consisted of 34.485% by ABC (US$500,000 investment), 34.48% by Walt Disney Productions (US$500,000 investment), 13.8% by Western Printing and Lithography Co (US$200,000 investment), 16.55% by Walt Disney (US$250,000 investment). [1]
As a provision for the joint ownership, Walt Disney Productions had the option to repurchase the ABC share within 7 years.
By 1958, Walt Disney Productions reported a profit of $2.9 million, primarily attributable to its by then 65% interest in Disneyland, Inc. Additionally, Walt Disney Productions stock (which moved the year prior to the New York Stock Exchange) had grown to around $60 per share thanks to the growing realization by the financial markets of the profitability of the park. [2]
In 1960, Walt Disney Productions completed the repurchase of ABC's share of the company for nearly $7.5 million dollars (earlier it had bought out Western Publishing and Walt Disney), and the theme park became a fully owned part of Walt Disney Productions. April 25, 1961 Walt Disney Productions reached a milestone as thanks to the windfall cashflow the park produced the company for the first time in its existence was able to pay off all existing loans. [3]
While upon acquisition the company was no longer needed and absorbed by WED Enterprises, the corporation still remains a legal corporation. [4]
References
- ^ Chronology of Disneyland Theme Park
- ^ Walt Disney: The SIMPP Years
- ^ Chronology of the Walt Disney Company: 1961 retrieved on June 23, 2009
- ^ Secretary of State, California Corporation Status for Disney Incorporate retrieved on August 1, 2007
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| Related articles | ||
Disneyland, Inc. was later re-incorporated by Angelo Scrigna, on 21st May 2010 by the Secretary of California with Angelo Scrigna as the Incorproator. Los Angeles Stock Exchange, Inc. was then assigned successor in Interest, that filing can be found at the California Sceratary of staes WebSite www.sos.ca.gov or go here: http://134.186.208.228/caleasi/search.asp?TASKNAME=xshowDocs&PackageID=409675 to see the actually stock sale. Disneyland, Inc. then changed it's name to Scrigna Bros., Inc.