The document summarizes the history and marketing strategy of The Walt Disney Company. It discusses that Disney was started in 1923 by Walt and Roy Disney and produced short films. Over 14 years, Mickey Mouse and other iconic characters were created. The document then outlines Disney's evolution from 1928 to present and discusses how it has targeted families, children and teens through segmentation. It also notes Disney's recent acquisitions and positioning as a brand providing entertainment through its various business divisions.