The Walt Disney World Resort, also called Walt Disney World or Disney World, or simply abbreviated WDW, is an entertainment resort complex in Bay Lake and Lake Buena Vista, Florida, United States, near the cities of Orlando and Kissimmee.
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Opened on October 1, 1971, the resort is operated by Disney Parks, Experiences and Products, a division of The Walt Disney Company. The property covers nearly 25,000 acres (39 sq mi; 101 km2), of which half has been used.
For Disney, it would mean losing a significant source of revenue, as the company's Florida operations include four theme parks, two water parks, several hotels, and numerous other attractions that draw millions of visitors each year.
The property appraiser's office assessed the 2020 value of the Magic Kingdom at $507 million, Epcot at $553 million, Hollywood Studios at $540 million, and Animal Kingdom at $437 million, according to the newest round of lawsuits.
It is owned by The Oriental Land Company, which licenses intellectual property from The Walt Disney Company. Tokyo Disneyland and its companion park, Tokyo DisneySea, are the only Disney parks in the world not owned or operated by The Walt Disney Company in any capacity.