The Walt Disney Company releases the cartoon Three Little Pigs, with its hit song "Who's Afraid of the Big Bad Wolf?"
"Who's Afraid of the Big Bad Wolf?" is a popular song written by Frank Churchill with additional lyrics by Ann Ronell, which originally featured in the 1933 Disney cartoon Three Little Pigs, where it was sung by Fiddler Pig and Fifer Pig (voiced by Mary Moder and Dorothy Compton, respectively) as they arrogantly believe the Big Bad Wolf (voiced by Billy Bletcher) is not a serious threat. The song's theme made it a huge hit during the 1930s and it remains one of the most well-known Disney songs, being covered by numerous artists and musical groups. Additionally, it was the inspiration for the title of Edward Albee's 1963 play Who's Afraid of Virginia Woolf?
The Walt Disney Company, commonly known as Disney (), is an American multinational entertainment and media conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.
Disney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986. The company established itself as a leader in the American animation industry before diversifying into live-action film production, television, and theme parks.
Since the 1980s, Disney has created and acquired corporate divisions in order to market more mature content than is typically associated with its flagship family-oriented brands. The company is known for its film studio division, Walt Disney Studios, which includes Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Studios, 20th Century Animation, and Searchlight Pictures. Disney's other main business units include divisions in television, broadcasting, streaming media, theme park resorts, consumer products, publishing, and international operations. Through these various segments, Disney owns and operates the ABC broadcast network; cable television networks such as Disney Channel, ESPN, Freeform, FX, and National Geographic; publishing, merchandising, music, and theater divisions; direct-to-consumer streaming services such as Disney+, Star+, ESPN+, Hulu, and Hotstar; and Disney Parks, Experiences and Products, a group of 14 theme parks, resort hotels, and cruise lines around the world. The cartoon character Mickey Mouse, created in 1928 by Walt Disney and Ub Iwerks, serves as the company's mascot.The company, which trades on the New York Stock Exchange (NYSE) with ticker symbol DIS, has been a component of the Dow Jones Industrial Average since 1991. In August 2020, just under two-thirds of the stock was owned by large financial institutions.