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
The Muppets Studio under Senior Vice President and General Manager R. Russell Hampton, Jr. ABC, in October 2005, commissioned "America's Next Muppet", a script and five script outlines, but ABC was reluctant to green light "America's Next Muppet", and it never got out of the planning stage. Muppet Holding's new general manager instead licensed the Muppets out to TF1, a French television network, to produce "Muppet TV" in September 2006. In 2006, the Muppets Holding Company was transferred from the Disney Consumer Products unit to The Walt Disney Studios; with studio executives passing on oversight, the unit was placed in the special events