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Disney started as an animation company. At its healthiest, it's a diversified entertainment company. But by 1983 — 17 years after Walt's death — it was unmistakably just a parks company.
@APNavaratnam @djrosent @AcquiredFM Or even better... if you could have invested earlier in the 6% cumulative preferred stock in 1940 :) Great work as always and thanks for your help on this one!
How did Disney become the best business of all the classic Hollywood studios? Animation (which is uniquely well-suited to compounding), the flywheel, and... a lesson learned the hard way.
Our ink and paint lesson. The process is absolutely nuts. Every frame of Snow White, Dumbo, Bambi, etc. was hand-created. Sketched on paper, then traced with ink on transparent celluloid, then painted on the back of celluloid. Onto the next frame. 100,00 times per film.
Sharing some of the photos from our research trip to Disney to prep for this @AcquiredFM episode. Here's @djrosent in his most natural habitat, pouring over 70-year-old annual reports :) (Note the original Haunted Mansion figures in the background)
Tomorrow.
@jheitzeb Yes! Pretty sure it was a working film camera.
Toy Story was my favorite movie as a kid. Posters, action figures, the whole deal. My mom texted me this photo tonight. I forgot how much I had been dying to meet Woody and Buzz when our family went to Disney World in '95. All I cared about the whole trip. Tomorrow, my wife and I are taking our son (2.5) to see Toy Story 5. It'll be his first movie in theaters. It feels so surreal. Full circle. The kid loves Toy Story more than I ever did. It's all he ever wants to watch, and he cackles his way through the first four films. It's the best sound in the world to hear. Almost makes me cry thinking about that chuckle as I type this. Happy Father's Day everyone. Parenthood is hard, but it's also the best thing ever. To infinity and beyond.
Next week's episode... Disney :) Excerpt in the @WSJ now:
@paulg It's really good. This YouTube video is excellent too and was super helpful in our Acquired Rolex episode research. youtube.com/watch?v=9_QsCL…
@noahhermanyt Was thinking this the whole keynote.
@beh_zod @AcquiredFM @WorkOS @grinich @djrosent All credit to the WorkOS team. Was a total surprise when we showed up and they nailed it.
@grinich @stephengrinich So cool. Nice work.
It's crazy my brain has a subconscious place for "don't copy anything, you already have something important copied but not pasted yet."
Patrick OShaughnessy @patrick_oshag
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