<P> Disneyland, changed from Disneylandia, was announced in April 1954 by Walt to be opened in July 1955 . On 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 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> <P> Beginning in 1958 with the contracting of Economics Research Associates (ERA) to find a location for another Disney resort, Disney Productions moved beyond a single park . ERA recommended Florida; another study in 1961 named Ocala or Orlando in Florida as possible locations . In November 1963, Walt Disney made a trip to Florida for final site selection . In 1962, Disney Productions purchased Celebrity Sports Center (opened on September 17, 1960, in Denver, Colorado) from its owners, including Walt Disney, Art Linkletter, and John Payne, to use as a staff training center for its second resort . In 1963, Roy made plans to buy from 5,000 to 10,000 acres (2,000 to 4,000 ha), which was carried out in 1964, amassing 27,443 acres (11,106 ha) by October 1965 . Plans for the Florida project that would eventually become Walt Disney World were announced to the public in November 1965 . Legislation forming the Reedy Creek Improvement District was signed into law by Florida Governor Claude R. Kirk, Jr. on May 12, 1967, allowing Disney to build the infrastructure for the second park . Ground breaking followed for the future Reedy Creek park on May 30 . In Roy O. Disney's last act as CEO in 1968, he officially named the second park Walt Disney World . </P> <P> Disneyland International was incorporated on November 20, 1961 . The next year, The Oriental Land Company contacted Disney about building a theme park . </P>

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