Officially founded on February 4th, 1956 as a division of Walt Disney Productions. However, the Disney company issued a small number of releases before its official founding using the Disneyland brand. In the 1940s, the musical rights to Disney films were spread across many different companies. This led to poor profits from these ventures, with Disney typically getting 50% royalties and then having to distribute a majority of those payments as royalties to the artists. via Discogs →