Walt Disney Pictures

Walt Disney Pictures (branded as simply Disney for short since 2011) is an American film studio and a subsidiary of Walt Disney Studios, which is ultimately owned by Disney, Inc. The subsidiary is the main producer of live-action feature films within the Walt Disney Studios unit, and is based at the Walt Disney Studios in Burbank, California. It took on its current name in 1983. Today, in conjunction with the other units of Walt Disney Studios, Walt Disney Pictures is regarded as one of Hollywood's "Big Five" film studios. Films produced by Disney Animation Studios are also released under this brand. Films from Pixar Animation Studios were released under the banner as well until it was merged with sister studio Blue Sky Studios to form Blue Pixar in 2020.

The Lion King (2019) is the studio's highest grossing film worldwide with $1.5 billion, and 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. 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.

Walt Disney Pictures
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.

Filmography
The studio's first live-action film was Treasure Island (1950). Animated films produced by Walt Disney Animation Studios and Pixar are also released by Walt Disney Pictures. The studio has released four films that have received an Academy Award for Best Picture nomination: Mary Poppins (1964), Beauty and the Beast (1991), Up (2009), and Toy Story 3 (2010).

Highest-grossing films
Walt Disney Pictures has produced five live action films that have grossed over $1 billion at the worldwide box office: Pirates of the Caribbean: Dead Man's Chest (2006), Alice in Wonderland (2010), Pirates of the Caribbean: On Stranger Tides (2011), Beauty and the Beast (2017) and Aladdin (2019); and has released seven animated films that have reached that milestone: Toy Story 3 (2010), Frozen (2013), Zootopia, Finding Dory (both 2016), Incredibles 2 (2018), The Lion King and Toy Story 4 (both 2019).

‡—Includes theatrical reissue(s).