Walt Disney Pictures

Walt Disney Pictures, Inc. is an American film production company and a subsidiary of Walt Disney Studios, owned by The Walt Disney Company. The division is based at the Walt Disney Studios in Burbank, California, and is the main producer of live-action feature films within the Walt Disney Studios unit. It took on its current name in 1983. Today, in conjunction with the other units of Walt Disney Studios, Walt Disney Pictures is classified as one of Hollywood's "Big Five" film studios. Films produced by Walt Disney Animation Studios and Pixar Animation Studios are also released under this brand.

Pirates of the Caribbean is the studio's most successful franchise, with two of its sequels, released in 2006 and 2011, earning over $1 billion in worldwide box office gross.

Background
The studio's predecessor (and the modern-day The Walt Disney Company's as a whole) was founded as the Disney Brothers Cartoon Studio, by filmmaker Walt Disney and his business partner and brother, Roy, in 1923.

The creation of Mickey Mouse and subsequent short films and merchandise generated revenue for the studio which was renamed as The Walt Disney Studio at the Hyperion Studio in 1926. In 1929, it was renamed again to Walt Disney Productions. The studio's streak of success continued in the 1930s, culminating with the 1937 release of the first feature-length animated film, Snow White and the Seven Dwarfs, which becomes a huge financial success. With the profits from Snow White, Walt relocated to a third studio in Burbank, California.

In the 1940s, Disney began experimenting with full-length live-action films, with the introduction of hybrid live action-animated films such as The Reluctant Dragon (1941) and Song of the South (1946). That same decade, the studio began producing nature documentaries with the release of Seal Island (1948), the first of the True-Life Adventures series and a subsequent Academy Award winner for Best Live-Action Short Film.

History
Walt Disney Productions had its first fully live-action film in 1950 with the release of Treasure Island, considered by Disney to be the official conception for what would eventually evolve into the modern-day Walt Disney Pictures and Walt Disney Studios Motion Pictures. By 1953, the company ended their agreements with such third-party distributors as RKO Radio Pictures and United Artists and formed their own distribution company, Buena Vista Distribution.

The division was incorporated as Walt Disney Pictures on April 1, 1983 to diversify film subjects and expand audiences for their film releases. In April 1983, Richard Berger was hired by Disney CEO Ron W. Miller as film president. Touchstone Films was started by Miller in February 1984 as a label for their PG-rated films with an expected half of Disney's yearly 6-to-8-movie slate, which would be released under the label. Berger was pushed out as a new CEO was appointed for Walt Disney Productions later in 1984, as Michael Eisner brought his own film chief, Jeffrey Katzenberg. Touchstone and Hollywood Pictures were formed within that unit on February 15, 1984 and February 1, 1989 respectively.

The Touchstone Films banner was used by then new Disney CEO Michael Eisner in the 1984–85 television season with the short lived western, Wildside. In the next season, Touchstone produced a hit in The Golden Girls.

David Hoberman was promoted to president of production at Walt Disney Pictures in April 1988. In April 1994, Hoberman was promoted to president of motion pictures at Walt Disney Studios and was replaced as Disney president by David Vogel. Vogel added the position of Hollywood Pictures in 1997, then was promoted in 1998 to head up all live action motion picture units as president of Buena Vista Motion Pictures Group.

After two movies-based-on-ride by other Disney units, Walt Disney Pictures selected it as a source of a line of films[25] starting with The Country Bears in 2002 and two in 2003, Pirates of the Caribbean: The Curse of the Black Pearl and The Haunted Mansion. Pirates of the Caribbean launched a film series and made the ride into a franchise. After four Pirates sequels, the franchise took in more than $5.4 billion worldwide. So, the corporation was looking for addition of the ride adaptations.

Walt Disney Pictures has pioneered the live-action remakes of animated films created by Walt Disney Animation Studios, with a live-action adaptation of One Hundred and One Dalmatians released in 1996. In 2010, Disney released Alice in Wonderland, an adaptation of Alice's Adventures in Wonderland and Through the Looking-Glass that became the second billion-dollar-grossing film in the studio's history. The film began a trend of live-action fantasy genre films being green-lit. Concurrently, Disney was not having stable commercial success with PG-13 tentpole films outside of the Pirates of the Caribbean series, with films such as John Carter (2012) and The Lone Ranger (2013) becoming major box office bombs. With sister units Marvel Studios and Lucasfilm successfully targeting the male market, the studio saw this as its niche. With the success of Maleficent (2014) and Cinderella (2015), the studio announced a whole series of live-action adaptations of animated films as being in early stages.[28] The Jungle Book (2016) cemented this trend with a global near billion-dollar box office.[2] Some adaptations are sequels to existing adaptations, origin stories and prequels. Disney had announced development of 18 of these films by July 2016. Disney identified this line as "Disney Fairy Tale" in its enlarged slate announcement on October 8, 2015 with four scheduled without titles attached.

Walt Disney Pictures took another push at additional adaptations in the 2010s, with film projects based on or inspired by Disney's theme park attractions. Another Haunted Mansion film was in the works with Guillermo del Toro as of August 2012. Mr. Toad's Wild Ride ride film in the works by January 2013. Tomorrowland, first to be loosely based on a theme park area, was announced in January 2013 for a December 2014 release. It's A Small World was added to the list of known projects in April 2014. Tower of Terror was being given a theatrical treatment by John August under producer Jim Whitaker in October 2015, while the long under development Jungle Cruise gained an actor.

On December 14, 2017, The Walt Disney Company has announced that its intention to acquire a large majority of 21st Century Fox, including 20th Century Fox, in a deal worth more than $52 billion in stock. The merger largely includes Fox's entertainment assets, including filmed entertainment, cable entertainment, and direct broadcast satellite divisions in the UK, Europe and Asia, but excludes divisions such as the Fox Broadcasting Company, Fox Television Stations, the Fox News Channel, the Fox Business Network, and Fox Sports 1 and 2, Big Ten Network, all of which will be spun off into an independent company.