<P> Originally, entry into the theme park and travel business was a side project of Walt Disney himself . As the Disneylandia project started to become a reality, Walt Disney Productions at Walt's request set up Disneyland, Inc . (DLI) in 1951 and agreed to a design deal in March 1953 with WED Enterprises (WED), Walt's personal corporation, which then included what would now be called Disney Imagineering . With the WED concept designs and prospectus for Disneylandia, Roy Disney in September 1953 met with TV networks in a deal for Disney - produced TV show and Disneyland investment . American Broadcasting - Paramount Theatres (AB - PT) agreed to the Disneyland, Inc. investment . Joining AB - PT as Disneyland investors were Walt Disney Productions (WDP), Western Publishing and Walt Disney . Walt Disney Productions had the option to repurchase the Walt Disney, WED and Western Publishing shares (31%) by May 1, 1959, for $562,500 . </P> <P> With a need for the Disneyland Hotel nearby and no funding available for Disney to build it, Walt Disney approached Jack Wrather to build the hotel who agreed . </P> <P> Disneyland, changed from Disneylandia, was announced in 000000001954 - 04 - 01 - 0000 April 1954 by Walt to be opened in 000000001955 - 07 - 01 - 0000 July 1955 . On 000000001955 - 07 - 17 - 0000 July 17, 1955, the Disneyland park with five themed "lands" containing eighteen attractions with double the expected guests . WED owned Santa Fe & Disneyland Railroad opened, too . </P> <P> On 000000001957 - 06 - 29 - 0000 June 29, 1957, Disney Production exercised its options to purchase all but AB - PT's common stock outstanding . This allowed WDP to consolidate DLI into its 1957 annual accounting statements adding four months worth of net profits, $511 K . In June 1960, Walt Disney Productions completed the purchase of AB - PT's share of the company for nearly $7.5 million and its TV contract, and the theme park became a fully owned subsidiary of Walt Disney Productions . The first Audio - Animatronic attraction, Walt Disney's Enchanted Tiki Room, opened at Disneyland in 1963 . </P>

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