Disneyland, Inc.: Difference between revisions
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Disneyland, Inc. was later re-incorporated on the 21st May 2010 by the Secretary of California, |
Disneyland, Inc. was later re-incorporated on the 21st May 2010 by the Secretary of California, with Angelo Scrigna as the signing incorporator, the corporation was organised consisting of one thousand shares, Los Angeles Stock Exchange, Inc. was then assigned as successor in Interest by Angelo Scrigna, whom was later recorded as the Sole owner of Disneyland, Inc., that corporate filing of incorporation can be found at the California Secretary of States WebSite www.sos.ca.gov file C3246658 or go here: http://134.186.208.228/caleasi/search.asp?TASKNAME=xshowDocs&PackageID=409675 to see the actually stock sale registered with the California Department of corporations. |
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Disney, Disneyland, Inc. then changed it's name to Scrigna Bros., Inc. |
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This change from Disneyland, Inc. to Scrigna Bros., Inc. will forever mark the Historic moment as Hollywood approaches a New Era of American Patriotism. |
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Revision as of 02:17, 16 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
| Theme parks |  | |
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| Related articles | ||
Disneyland, Inc. was later re-incorporated on the 21st May 2010 by the Secretary of California, with Angelo Scrigna as the signing incorporator, the corporation was organised consisting of one thousand shares, Los Angeles Stock Exchange, Inc. was then assigned as successor in Interest by Angelo Scrigna, whom was later recorded as the Sole owner of Disneyland, Inc., that corporate filing of incorporation can be found at the California Secretary of States WebSite www.sos.ca.gov file C3246658 or go here: http://134.186.208.228/caleasi/search.asp?TASKNAME=xshowDocs&PackageID=409675 to see the actually stock sale registered with the California Department of corporations. Disney, Disneyland, Inc. then changed it's name to Scrigna Bros., Inc. This change from Disneyland, Inc. to Scrigna Bros., Inc. will forever mark the Historic moment as Hollywood approaches a New Era of American Patriotism.