Walt Disney Studios (Burbank) of the era, examples of which can still be seen at the Warner Bros., Paramount and Sony Pictures Studios (formerly MGM) lots. Roy Disney, however, insisted that the Disney Studio's water tower be built with six legs instead of the usual four, claiming it was more aesthetically pleasing. The tower is no longer used for water storage and stands as an identifying symbol of Disney's Burbank studio. In 1984 the top portion of the holding tank was painted white and, for the first time, emblazoned with the image of Mickey Mouse, the official mascot of the Walt Disney Company. It
The Walt Disney Company studios, particularly the works of Don Bluth, who defected from Disney in 1979. By the early 1980s, the parks were generating 70% of Disney's income. In 1984, financier Saul Steinberg's Reliance Group Holdings launched a hostile takeover bid for Walt Disney Productions, with the intent of selling off some of its operations. Disney bought out Reliance's 11.1% stake in the company. However, another shareholder filed suit claiming the deal devaluated Disney's stock and for Disney management to retain their positions. The shareholder lawsuit was settled in 1989 for a total of $45 million from Disney and Reliance. With the Sid