According to US copyright law, the rights for a character expire 95 years after the publication of the original work. Disney will lose the Mickey Mouse copyright for Steamboat Willie in 2024, since the short animated film was produced and distributed in 1928.
In 1928, copyrights lasted for 28 years, with the option for renewal of another 28 years. As of 2023, Mickey Mouse was published almost 95 years ago. The copyright of the original Mickey Mouse character – as it appeared in “Steamboat Willie” – expires on January 1, 2024.
When Walt Disney failed to sell Mickey Mouse the first time around, he had to evaluate the features of the product to determine what would satisfy his customers' needs and wants. Disney created a voice and a personality for the mouse character that ended up making the Mickey Mouse's character a huge success.
As per the US copyright law, the rights to characters expire 95 years after publication (for works published or registered before 1978). Thus, Disney, which is also called the House of Mouse due to the character, may lose the rights to the character.
EPS from continuing operations for the nine months ended July 1, 2023 decreased to $1.14 from $1.66 in the prior-year period. Excluding certain items(1), diluted EPS for the nine months ended July 1, 2023 decreased to $2.94 from $3.22 in the prior-year period.
What will happen when Mickey Mouse becomes public domain?
U.S. copyright laws grant the creator of content ownership for 95 years, which means famous works eventually enter the public domain. Legally, that means anyone could now copy and reproduce the 1928 version of Mickey Mouse without permission.
The beloved mouse that is nearly a century old will soon enter public domain — the original Mickey Mouse's copyright expires in 2024. This anthropomorphic mouse is recognizable even by the silhouette of his ears and, in some ways, has been the face of The Walt Disney Co. since his 1928 creation.
The reason is that copyrights have limited lifespans under federal law and copyrights for works created by corporations (like Disney) are only protected for 95 years from the date of first publication. This is why the Mickey Mouse copyright is coming to an end.
To utilise Disney characters without violating their rights, you must obtain permission from The Walt Disney Company or its subsidiaries. Its characters are protected by copyright and trademark laws, and unauthorised use can lead to legal consequences.
In fact, Disney has underperformed the market over any time frame over the last 10 years, and it's no secret why. The company has struggled with the transition from linear TV to streaming, which was hastened by the pandemic.
Disney long term debt for the quarter ending June 30, 2023 was $44.544B, a 3.21% decline year-over-year. Disney long term debt for 2022 was $45.299B, a 6.68% decline from 2021. Disney long term debt for 2021 was $48.54B, a 8.27% decline from 2020.
As the company shifted to streaming, it seemed set up to lap Netflix and eat the box office at the same time. But today, Disney's stock is at a nine-year low. Operating margins are down 75 percent. Disney+ lost $4 billion last year.
Despite the copyright law and Steamboat Willie's copyright expiration, Disney's approval is still required for others to use Mickey Mouse material, even the one that will eventually become public domain, in anything outside of fair use, thanks to the mouse's trademark protection.
Walt Disney Co. has controlled the rights to Winnie-the-Pooh since 1961 and kept depictions of Milne's talking animals true to the spirit of the family-friendly material. The copyright expired in January 2022. Since then, Winnie-the-Pooh and his friends have been available to the public for other purposes.
In 2023, The Walt Disney Company kicks off “100 Years of Wonder,” sometimes also called “Disney100.” The year-long event honors the centennial anniversary of the date brothers Walt and Roy Disney founded the company in 1923. Disneyland Resort in California serves as headquarters for the party.
The survey found that 80% of those who borrowed money to fly to a Disney park say they will pay off their debt in six months or less. The families that went into debt said they did not anticipate the exorbitant cost of admission as well as food and beverage.
The slump comes after Disney posted its worst stock return in 48 years in 2022, shedding 44% as investors largely grew fed up with mounting streaming losses as the economic outlook took a turn for the worse.
If you or your company wants to use Disney characters on a long-term basis, Disney might require a licensing agreement, which involves the payment for the rights to use the characters. Disney can also decline to give permission for the use of its characters.
Unless you're in possession of a license(more on this later) from the licensing department of Disney, you're not allowed to sell any of their products.
