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On January 7, 2008, Disney-MGM Studios became Disneyâs Hollywood Studios. Despite the âMGMâ in the parkâs name, Metro-Goldwyn-Mayer had no part in designing, owning, or operating Disney-MGM Studios. Metro-Goldwyn-Mayer simply collected a licensing fee from The Walt Disney Company.
Walt (bottom row, right) and his staff at the Hyperion studio. The Walt Disney Company started in 1923 in the rear of a small office occupied by Holly-Vermont Realty in Los Angeles. It was there that Walt Disney, and his brother Roy, produced a series of short live-action/animated films collectively called the ALICE COMEDIES. The rent was a mere $10 a month. Within four months, the ever-growing staff moved next door to larger facilities, where the sign on the window read Disney Bros. Studio.