Disney Company Announces Plans to Acquire Capital Cities/ABC
At a glance:
- Series: Great Events: 1900-2001
- Categories: Economics
- Subcategories: Entertainment, Entertainers, Business, Television, Radio, Broadcasting
- Curriculum: American History 1951-present
- Geographical Location: California
- Date: July 31, 1995
Article abstract: In a surprise announcement, Disney declared that it would spend $19 billion to purchase Capital Cities/ABC to gain television access for Disney products.
The Mouse that Roared
The company that Walter E. Disney started in 1923 grew to be one of the entertainment industry’s giants. The debut of Mickey Mouse, Disney’s animated character, in 1928 had a dramatic effect on the growth of the fledgling movie studio. The Walt Disney Company, headquartered in Burbank, California, is known worldwide for producing family entertainment in a...
[The entire page is 1030 words long]
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