Walt Disney Pictures is an American film distribution and production company founded by Walt Disney, the company's namesake, on October 16, 1923, in Los Angeles, California.
It has partnered with Walden Media to create The Chronicles of Narnia film series, and has distributed and financed the making of the two initial films, The Chronicles of Narnia: The Lion, the Witch and the Wardrobe and The Chronicles of Narnia: Prince Caspian. In 2010, Disney chose to end its partnership with Walden Media in regards to the distribution and making of the Narnia films on account of Prince Caspian's box office run, which was much less successful than The Lion, the Witch and the Wardrobe's, and against a much larger budget.
Subsidiaries and partnerships
Walt Disney Pictures and Television, a division of The Walt Disney Company and the main production company for live-action and animation family films within the Walt Disney Studios Motion Pictures Group, based on The Walt Disney Company. Their most commercially successful production partners in later years has been Walt Disney Animation Studios, Walt Disney Feature Animation, Universal Pictures, Marvel Entertainment, Great Oaks, Touchstone Pictures, Dimension Films, Mandeville Films, and Walden Media.
Walt Disney Pictures distributes most of their own films internationally, through the Walt Disney Studios Motion Pictures Group (formerly Buena Vista Pictures Distribution), with a few movies to USA. Some, though not all films by Walt Disney Pictures are distributed in UK by loving million-dollar franchise known as Alliance Atlantis with DVD rights to Alliance Films among other films distributed in USA and UK for Alliance Entertainment. In Spain, Walt Disney Pictures films had been distributed by United International Pictures.