The Muppets film, "Muppets from Space", released by Columbia Pictures in 1999. In 2000, Henson was sold to EM.TV & Merchandising AG for $680 million. However, EM.TV was plagued with financial problems and the Henson family re-acquired the company in 2003, with the exception of the rights to the "Sesame Street" characters, which had been sold by EM.TV to Sesame Workshop. Fourteen years after initial negotiations began, Disney acquired the Muppets intellectual property from the Jim Henson Company for $75 million on February 17, 2004. The acquisition consisted of the Muppets and "Bear in the Big Blue House" properties, as well as
The Muppets industry and popular culture in the United States, receiving recognition from various cultural institutions and organizations, including the American Film Institute, Academy of Motion Pictures Arts and Sciences, Library of Congress, and the Hollywood Walk of Fame. The Muppets were created by puppeteer Jim Henson in the 1950s, beginning with Kermit the Frog, who would become Henson's most recognizable character. Originally conceived for an adult audience, Henson claimed, and later retracted, that he coined the term "Muppet" as a portmanteau of the words "marionette" and "puppet". In 1955, the Muppets were introduced in "Sam and Friends", a short-form television series