Walt Disney World Company Walt Disney World Company Walt Disney World Company was created in 1967 as the company that owned and operated Walt Disney World near Orlando, Florida. The resort opened in 1971 and the land was owned by Walt Disney World Company, Walt Disney Travel Company, and Walt Disney World Hospitality and Recreation Corporation. In 2009 the name was changed to Walt Disney Parks and Resorts U.S., Inc., a subsidiary of Walt Disney Parks, Experiences and Consumer Products a subsidiary of The Walt Disney Company, and is based in Lake Buena Vista, Florida. Reedy Creek Improvement District is the immediate governing jurisdiction
Universal Orlando in the world, currently with an annual attendance of 21 million in 2017. Universal Orlando is the flagship resort of Universal Parks & Resorts, especially due to the competitive nature between the resort and Walt Disney World. Universal Orlando opened on June 7, 1990 as the theme park Universal Studios Florida. It was opened as a joint venture between Universal Entertainment and The Blackstone Group. The park was in direct competition with Disney MGM Studios (now called Disney's Hollywood Studios). In 1994, executives started planning the expansion of the resort into a multi-day vacation destination. In late 1995, construction began