What if Comcast acquired The Walt Disney Company back in 2004?

As of 2019, The Walt Disney Company is one of the few major media companies to be independently owned rather than owned by a larger company (e.g: Viacom and CBS Corporation by National Amusements, NBCUniversal by Comcast, WarnerMedia by AT&T and Columbia Pictures by Sony).

However, on February 11th, 2004, when the company was passing through some difficulties, Comcast Corporation made a hostile bid of $54.1 billion to acquire the company, just to be rejected by Disney's board of directors and eventually dropped out.

But what if Comcast was successful in that bid? Here's what might have happened.

List of changes

 * The deal was officially completed on May 14th, 2005.
 * The company would be rebranded as Walt Disney Entertainment.
 * The pre-2005 Disney library would now be owned by Comcast.
 * Disney's film and television units would include a Comcast byline on its logos.
 * E!, Style, G4, OLN, Golf Channel and Comcast SportsNet would be integrated into Disney-ABC Television Group.
 * As a result, OLN wouldn't rebrand as Versus, rebranding instead as ESPNX, with NBCSN being launched as a rebrand of Universal Sports instead.
 * Later on, Golf Channel would rebrand as ESPN Golf and Comcast SportsNet as ESPNR.
 * Walt Disney Pictures would still use its full name for post-2011 releases rather than simplify to just Disney.
 * The Touchstone Pictures label would be more active, being often used by mature films that doesn't fit the Walt Disney Pictures label.
 * Comcast wouldn't acquire NBCUniversal in 2011, remaining majority-owned by GE.
 * While The Muppets and Pixar Animation Studios would still be acquired by Disney, Marvel Entertainment would be acquired instead by Sony Pictures and Lucasfilm by 21st Century Fox.
 * As a result, the Marvel Cinematic Universe would be distributed by Columbia Pictures, while its animated shows would air instead on Cartoon Network (despite its parent company WarnerMedia owning rival DC Comics).
 * However, Agents of S.H.I.E.L.D. would still air on ABC, being produced by Sony Pictures Television rather than ABC Studios.
 * Big Hero 6 would have been made by Sony Pictures Animation.
 * As for Lucasfilm, the new Star Wars trilogy would still be distributed by 20th Century Fox, while Star Wars Rebels would air on Cartoon Network like The Clone Wars.
 * Disney wouldn't have acquired 21st Century Fox's filmed entertainment and cable television assets, remaining under Rupert Murdoch's hands.
 * Disney wouldn't do live-action remakes, mainly focusing on original ideas.
 * The only exception would be a PG-13 The Black Cauldron remake.
 * The studio would keep doing traditionally-animated films alongside CGI films.
 * Tangled, Frozen and Moana would be traditionally-animated instead of CGI.
 * Disney+ would still exist, although with less content than in real-life due to Marvel and Lucasfilm being acquired by other companies and 21st Century Fox remaining owned by the Murdoch family.

Films
Notes:
 * = Pixar film
 * = Disney+ exclusive

Animated

 * Chicken Little (2005)
 * The Wild (2006)
 * Cars* (2006)
 * Meet the Robinsons (2007)
 * Ratatouille* (2007)
 * WALL-E* (2008)
 * Bolt (2008)
 * Up* (2009)
 * A Christmas Carol (2009)
 * The Princess and the Frog (2009)
 * Toy Story 3* (2010)
 * Tangled (2010)
 * Mars Needs Moms (2011)
 * Cars 2* (2011)
 * Winnie the Pooh (2011)
 * Brave* (2012)
 * Frankenweenie (2012)
 * Wreck-It Ralph (2012)
 * Monsters University* (2013)
 * Planes (2013)
 * Frozen (2013)
 * Planes Fire & Rescue (2014)
 * /The Marvelous Mickey Mouse/ (2014)
 * Inside Out* (2015)
 * The Good Dinosaur* (2015)
 * /The Pied Piper/ (2015)
 * Zootopia (2016)
 * /Fantasia Remix/ (2016)
 * Finding Dory* (2016)
 * Moana (2016)
 * Cars 3* (2017)
 * Coco* (2017)
 * /Riding Hood/ (2017)
 * Incredibles 2* (2018)
 * Howl of the Moon (2018)
 * Ralph Breaks the Internet (2018)
 * Toy Story 4* (2019)
 * /Gigantic/ (2019)
 * /The Golden Goose/ (2019)
 * Frozen II (2019)
 * Onward* (2020)
 * A Face Paint Story: The Lost World (2020)

Live-action

 * Herbie: Fully Loaded (2005, first film under Comcast's ownership)
 * Sky High (2005)
 * The Greatest Game Ever Played (2005)
 * The Chronicles of Narnia: The Lion, the Witch and the Wardrobe (2005)
 * Glory Road (2006)
 * Eight Below (2006)
 * The Shaggy Dog (2006)
 * Pirates of the Caribbean: Dead Man's Chest (2006, first film to use the current logo)
 * Invincible (2006)
 * The Santa Clause 3: The Escape Clause (2006)
 * Bridge to Terabithia (2007, select countries only)
 * Pirates of the Caribbean: At World's End (2007)
 * Underdog (2007)
 * The Game Plan (2007)
 * Enchanted (2007)
 * National Treasure: Book of Secrets (2007)
 * College Road Trip (2008)
 * The Chronicles of Narnia: Prince Caspian (2008)
 * Beverly Hills Chihuahua (2008)
 * High School Musical 3: Senior Year (2008)
 * Bedtime Stories (2008)
 * Race to Witch Mountain (2009)
 * Hannah Montana: The Movie (2009)
 * G-Force (2009)
 * Old Dogs (2009)
 * Prince of Persia: Sands of Time (2010)
 * The Sorcerer's Apprentice (2010)
 * Secretariat (2010)
 * Tron: Legacy (2010)
 * Prom (2011)
 * Pirates of the Caribbean: On Stranger Tides (2011)
 * The Muppets (2011)
 * John Carter (2012)
 * The Odd Life of Timothy Green (2012)
 * Oz the Great and Powerful (2013)
 * The Lone Ranger (2013)
 * Saving Mr. Banks (2013)
 * Muppets Most Wanted (2014)
 * /Sky High: Next Class/ (2014)
 * Million Dollar Arm (2014)
 * Alexander and the Terrible, Horrible, No Good, Very Bad Day (2014)
 * Into the Woods (2014)
 * McFarland, USA (2015)
 * Tomorrowland (2015)
 * The Finest Hours (2016)
 * The BFG (2016, select countries only)
 * Pete's Dragon (2016)
 * Queen of Katwe (2016)
 * /National Treasure: The Dead Tombs/ (2016)
 * Pirates of the Caribbean: Dead Men Tell No Tales (2017)
 * A Wrinkle in Time (2018)
 * Christopher Robin (2018)
 * The Nutcracker and the Four Realms (2018)
 * Mary Poppins Returns (2018)
 * /Race to Space Mountain/ (2019)
 * /The Black Cauldron/ (2019)

Animated

 * The Proud Family (2001-2005)
 * Kim Possible (2002-2007)
 * Lilo & Stitch: The Series (2003-2006)
 * Brandy and Mr. Whiskers (2004-2006)
 * American Dragon: Jake Long (2005-2007)

Video games

 * Disney Infinity (2013)
 * Disney Infinity (2013)

Other media

 * [musical based on film]

Trivia

 * Despite these changes, Comcast would still be a major player in the media industry, since it would still own a major film studio (Walt Disney Pictures) and a major broadcast network (ABC), as well as several major cable channels (ESPN, Disney Channel, Disney XD, Disney Junior, Freeform and 50% of A&E, Lifetime and History) and several theme parks (Disney Parks).
 * Despite not acquiring either Marvel, Lucasfilm or 20th Century Fox, the list of world's largest media companies would be like this:
 * Walt Disney Entertainment (Comcast)
 * Main assets: The Walt Disney Studios, ABC, ESPN (80%), A+E Networks (50%), Disney Channels Worldwide, Freeform, E! and Walt Disney Parks and Resorts
 * 21st Century Fox (Murdoch family)
 * Main assets: 20th Century Fox, Fox Broadcasting Company, Fox News Channel, Fox Sports, FX Networks, National Geographic Partners (73%), Lucasfilm, Sky plc, Star Asia and Endemol Shine Group (50%)
 * Sony Entertainment (Sony)
 * Main assets: Sony Pictures Entertainment, Marvel Entertainment, Sony Music Entertainment and Sony Interactive Entertainment
 * WarnerMedia (AT&T)
 * Main assets: Warner Bros. Entertainment, The CW (50%), Turner Broadcasting System, HBO and Otter Media
 * NBCUniversal (General Electric)
 * Main assets: NBC, Telemundo, Universal Studios, DreamWorks Animation, USA Network, Bravo, Syfy, Oxygen and Universal Parks & Resorts
 * Viacom (National Amusements)
 * Main assets: CBS, The CW (50%), Paramount Pictures, Viacom Media Networks, Showtime Networks, CNET and Simon & Schuster