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Companies Started During Recession
Disney
Disney was founded in 1923, during the recession of 1923-24 by Walt Disney and Roy Disney. The Walt Disney Company was started off in a garage as the Disney Brothers Cartoon Studio, and rolled out short films like ‘Alice’s Wonderland’, and ‘Oswald the Lucky Rabbit.’ Disney created the Mickey Mouse in 1928, after it lost the contract of Oswald and simultaneously started the ‘Silly Symphonies’, and the popularity gained by these fuelled Disney to plan its full-length animation, ‘Snow White and the Seven Dwarfs’, which went on to become the highest-grossing film of that time. In 1954, Walt Disney conceived the idea to open Disneyland, using the Disneyland series, which became a place for parents and children to have fun at the same time. With revenue of $10.43 billion, The Walt Disney Company is the largest media conglomerate in the world, in terms of revenue.
