create a multibillion-dollar licensing business for
Disney Consumer Products. Source: ZUMA Press/Newscom
DCP has a long history, which can be traced back to
1929 when Walt Disney licensed the image of Mickey Mouse for use on a childrens writing tablet. Disney started licensing its characters for toys made by Mattel in the 1950s. Disney Consumer Products (DCP) ranked as the number-one global licensor in 2010, reporting $28.6 billion in retail sales of licensed merchandise worldwide. DCPs Toy Story franchise, driven by box office success and merchandise demand for Toy Story 3, was the most dominant property of the year at retail, generating $2.4 billion in retail sales. The timeless Mickey Mouse and Winnie the Pooh franchises combine to make up roughly a third of the divisions total revenue. Much newer franchisesDisney Princesses and Disney Fairies launched in 2000 and 2002 respectively already combine to make almost a quarter of DCPs total revenue. Artists in Disney Licensings Creative Resources department work closely with manufacturers on all aspects of product marketing, including design, prototyping, manufacturing, packaging, and advertising. Disneys acquisition of Marvel Entertainment in August 2009 for $4 billion, a wholly owned subsidiary, opened a new world of comic book characters and popular film adaptations such as Thor and Captain America in 2011 and The Avengers and The Amazing Spider-Man in 2012. Marvel produced worldwide retail sales of licensed merchandise for 2010 of $5.6 billion.