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The case describes the evolution and growth of a highly successful and diversified entertainment group - the Walt Disney Group of Companies. The Walt Disney Group, which now has interests in diverse fields such as media networks, studio entertainment, consumer products and resorts, initially started as a small studio which made short animated films. The studio was not very successful and often ended up having debts. Disney's fortunes changed after the creation of a very popular cartoon character called Mickey Mouse. Disney is credited with making the first animated film synchronised to sound. Disney went on to make a number of successful animated films. Prominent among them were Snow White (which was the first feature length animated film), Cinderella and Bambi. The company also made successful live-action films like Treasure Island and Mary Poppins. Gradually the Disney company diversified into other areas like resorts and parks and television shows. After Walt Disney's death in 1966, the company faced a downturn due to a lack of effective leadership. But things improved after Michael Eisner took over as chairman in 1984. At the beginning of the 21st century, the Disney company was the second largest media group in the world, behind only AOL Time Warner. The case discusses the evolution of a highly successful brand and how it has been able to sustain itself successfully even after its founder's death.