Walt Disney Parks and Resorts U.S.: Difference between revisions

Walt Disney Parks and Resorts U.S., Inc.
Formerly	Compass East Corporation (1964-1967); Walt Disney World Company (1967-2009);
Company type	Subsidiary
Industry	Theme parks
Founded	December 7, 1964; 59 years ago
Headquarters	Lake Buena Vista, Florida, United States
Brands	Disneyland; Walt Disney World;
Services	Theme parks
Parent	Disney Parks, Experiences and Products; (The Walt Disney Company)

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Revision as of 19:05, 4 July 2020

Walt Disney Parks and Resorts U.S., Inc. is the legal entity that owns and operates Walt Disney World in Florida, as well as Disneyland in Anaheim, California.

The company is a subsidiary of Walt Disney Parks, Experiences and Consumer Products which is a subsidiary of The Walt Disney Company, and is based in Lake Buena Vista, Florida.^[1]

Reedy Creek Improvement District is the immediate governing jurisdiction for the land of Walt Disney World Resort including the cities of Bay Lake and Lake Buena Vista. Walt Disney World Resort is the Orlando area's largest employer, with approximately 70,000 employees, known as "Cast Members".^[2]

History

Compass East Corporation was incorporated in Delaware on December 7, 1964. On September 30, 1966, Latin-American Development and Management Corporation, Ayefour Corporation (a pun on Interstate 4, or I-4, which was being built at the time), Tomahawk Properties, Incorporated, Reedy Creek Ranch, Incorporated, and Bay Lake Properties, Incorporated, all Florida corporations, were merged into Compass East Corporation. These companies were responsible for buying up the land that would become Walt Disney World; many companies were used in order to obscure their singular purpose.

Reedy Creek Drainage District, later renamed Reedy Creek Improvement District, was incorporated on May 13, 1966 to manage the land owned by the Compass East Corporation. On September 26, 1967, Compass East Corporation was renamed Walt Disney World Company. By this time, most of the land had been bought and the plan for Walt Disney World was public. Walt Disney World Company then acquired Disneyland, Inc., a company who own and operate Disneyland in early 1990s.

Walt Disney World Company was reincorporated in Florida on September 30, 1997. On January 26, 1998, Ranch and Grove Holding Corporation, which had owned some of the land in Walt Disney World since April 12, 1972 was merged into Walt Disney World Company. Reedy Creek Energy Services, originally known as Reedy Creek Utilities Company became a subsidiary of Walt Disney World Company on September 30, 1999.^[3] On October 2, 2000, MDMP Corporation, which had been deeded many improvements in Walt Disney World on December 20, 1996, was merged into Walt Disney World Company.

Walt Disney World Company changed its name to Walt Disney Parks and Resorts U.S., Inc. in March 2009 to reflect its ownership of Disneyland.

References

^ "Company Overview of Walt Disney Parks and Resorts U.S., Inc". Bloomberg. Retrieved 4 February 2018.
^ "New overtime rule could have big impact in Orlando tourism, service industry". Retrieved June 30, 2016.
^ "Today in Disney History: September 30, 1999". Disney Dorks. September 30, 2014. Retrieved July 4, 2020.

External links

Orange County Property Appraiser Search for "Walt Disney Parks and Resorts U S Inc" in Orange County, Florida

[1] "Company Overview of Walt Disney Parks and Resorts U.S., Inc". Bloomberg. Retrieved 4 February 2018.

[2] "New overtime rule could have big impact in Orlando tourism, service industry". Retrieved June 30, 2016.

[3] "Today in Disney History: September 30, 1999". Disney Dorks. September 30, 2014. Retrieved July 4, 2020.

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+{{Infobox company
-#REDIRECT [[Walt Disney World]]
+| name = Walt Disney Parks and Resorts U.S., Inc.
+| logo = Walt Disney World Company logo.svg
+| logo_size =
+| logo_alt =
+| logo_caption =
+| logo_padding =
+| image =
+| image_size =
+| image_alt =
+| image_caption =
+| native_name =
+| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{lang|[code]|[name]}}. -->
+| former_name = {{ubl|Compass East Corporation (1964-1967)|Walt Disney World Company (1967-2009)}}
+| type = Subsidiary
+| industry = Theme parks
+| founded = {{Start date and age|1964|12|07}}
+| founder = <!-- or: | founders = -->
+| hq_location =
+| hq_location_city = [[Lake Buena Vista]], [[Florida]]
+| hq_location_country = [[United States]]
+| area_served = <!-- or: | areas_served = -->
+| key_people =
+| products =
+| brands = {{Plainlist|
+*[[Disneyland Resort|Disneyland]]
+*[[Walt Disney World]]
+}}
+| services = Theme parks
+| parent = [[Disney Parks, Experiences and Products]]<br />([[The Walt Disney Company]])               <!-- or: | owners = -->
+| ratio = <!-- for BANKS ONLY -->
+| rating = <!-- for BANKS ONLY -->
+| website = <!-- or: | homepage = --><!-- {{URL|example.com}} -->
+}}
+'''Walt Disney Parks and Resorts U.S., Inc.''' is the legal entity that owns and operates [[Walt Disney World]] in [[Florida]], as well as [[Disneyland Resort|Disneyland]] in [[Anaheim]], [[California]].
+The company is a subsidiary of [[Walt Disney Parks, Experiences and Consumer Products]] which is a subsidiary of [[The Walt Disney Company]], and is based in Lake Buena Vista, Florida.<ref>{{cite web|title=Company Overview of Walt Disney Parks and Resorts U.S., Inc.|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4159864|publisher=Bloomberg|accessdate=4 February 2018}}</ref>
+[[Reedy Creek Improvement District]] is the immediate governing jurisdiction for the land of Walt Disney World Resort including the cities of [[Bay Lake, Florida|Bay Lake]] and [[Lake Buena Vista, Florida|Lake Buena Vista]]. Walt Disney World Resort is the Orlando area's largest employer, with approximately 70,000 employees, known as "Cast Members".<ref>{{cite news|title=New overtime rule could have big impact in Orlando tourism, service industry|url=http://www.orlandosentinel.com/business/os-overtime-threshold-20150703-story.html|accessdate=June 30, 2016}}</ref>
+==History==
+'''Compass East Corporation''' was incorporated in [[Delaware]] on December 7, 1964. On September 30, 1966, '''Latin-American Development and Management Corporation''', '''Ayefour Corporation''' (a pun on [[Interstate 4]], or I-4, which was being built at the time), '''Tomahawk Properties, Incorporated''', '''Reedy Creek Ranch, Incorporated''', and '''Bay Lake Properties, Incorporated''', all [[Florida]] corporations, were merged into Compass East Corporation. These companies were responsible for buying up the land that would become [[Walt Disney World]]; many companies were used in order to obscure their singular purpose.
+Reedy Creek Drainage District, later renamed [[Reedy Creek Improvement District]], was incorporated on May 13, 1966 to manage the land owned by the Compass East Corporation. On September 26, 1967, Compass East Corporation was renamed '''Walt Disney World Company'''. By this time, most of the land had been bought and the plan for [[Walt Disney World]] was public. Walt Disney World Company then acquired [[Disneyland, Inc.]], a company who own and operate [[Disneyland]] in early 1990s.
+Walt Disney World Company was reincorporated in Florida on September 30, 1997. On January 26, 1998, '''Ranch and Grove Holding Corporation''', which had owned some of the land in [[Walt Disney World]] since April 12, 1972 was merged into Walt Disney World Company. [[Reedy Creek Energy Services]], originally known as '''Reedy Creek Utilities Company''' became a subsidiary of Walt Disney World Company on September 30, 1999.<ref>{{cite web |url=http://disneydorks.weebly.com/disney-history/tue-sep-30-2014|website=Disney Dorks|title=Today in Disney History: September 30, 1999|date=September 30, 2014|access-date=July 4, 2020}}</ref> On October 2, 2000, '''MDMP Corporation''', which had been deeded many improvements in [[Walt Disney World]] on December 20, 1996, was merged into Walt Disney World Company.
+Walt Disney World Company changed its name to Walt Disney Parks and Resorts U.S., Inc. in March 2009 to reflect its ownership of Disneyland.
+==See also==
+* [[Walt Disney World]]
+* [[Walt Disney Parks and Resorts]]
+* [[Walt Disney Travel Company]]
+* [[Walt Disney World Hospitality and Recreation Corporation]]
+* [[Reedy Creek Improvement District]]
+==References==
+{{reflist|2}}
+==External links==
+* [https://www.ocpafl.org/searches/parcelsearch.aspx Orange County Property Appraiser Search for "Walt Disney Parks and Resorts U S Inc"] in [[Orange County, Florida]]
 {{Walt Disney World}}