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Disney never sold its back catalog
Disney made the decision to hold on to everything it has made so that it could compound longer than everyone else. A lot of other studios sold their back catalogs, and some of those are now worthless, since they were live-action and black-and-white films that no one is going to watch. Disney also owns all the rights to everything Buzz Lightyear, Aladdin, and Mickey Mouse now that it owns Pixar. Universal, by contrast, does not own everything Harry Potter. That ties back to Walt's Oswald experience, when Universal owned the character he created.
Other studios change ownership every decade, which does not suit a game that can take three decades to kick in. Disney's discipline in metering out its animation and Pixar releases keeps them from diluting the original.
Why do old black-and-white films lose value?
Television and home video favored color. Ted Turner bought the MGM film library in 1986 and colorized many black-and-white titles for his cable channels. Colorization drew heavy criticism from filmmakers and critics. Libraries of dated live-action titles gradually earned less than newer films.
How did Disney get Pixar's rights?
Disney acquired Pixar in 2006 in a stock deal valued at about $7.4 billion. The purchase brought characters like Woody and Buzz Lightyear fully under Disney. Pixar's founders joined Disney's leadership. Ed Catmull and John Lasseter took charge of animation.
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