What if Disney acquired The Jim Henson Company back in 1988?

In 1989, the company entered merger negotiations with The Walt Disney Company, which were canceled following Jim Henson's death in 1990. So, what if Disney acquired the Jim Henson company in its entirety back in 1988?

Changes

 * Jim Henson would have accepted Michael Eisner owning Sesame Street as Children's Television Workshop would allow Disney to own their assets by forming CTW Partners, giving Disney a majority of the rights.
 * After CTW was rebranded to Sesame Workshop in 2000, the brand is now known as Sesame Workshop Partners.
 * The pre-1988 Jim Henson library would now be owned by Disney.
 * The Muppets Take Manhattan, The Dark Crystal, Follow That Bird and Labyrinth will be sold from Sony Pictures, Universal Studios and Warner Bros. to Disney.
 * Kermit the Frog would still be the mascot.
 * The Sesame Street home media starting with Sesame Songs Home Video: Monster Hits! are now distributed by Buena Vista Home Video/Buena Vista Home Entertainment/Walt Disney Studios Home Entertainment.
 * The company wouldn't be involved in The Star, The High Fructose Adventures of the Annoying Orange (both due to not everyone liking them) and Guillermo del Toro's Pinocchio (since Disney already made an animated film adaptation of Pinocchio).
 * Jim Henson Pictures would remain open.
 * Buddy, Muppets from Space and The Adventures of Elmo in Grouchland would instead be distributed by Walt Disney Pictures instead and The Witches by Hollywood Pictures.
 * Kermit's Swamp Years is instead distributed by Walt Disney Home Entertainment.
 * 2007's Underdog wouldn't exist, being replaced with an original film by Walt Disney Pictures, Spyglass Entertainment and Jim Henson Pictures.
 * There would be more Muppet movies.
 * Even after the financial failure of The Adventures of Elmo in Grouchland, Disney would make more Sesame Street films.
 * The 2020 Witches remake film wouldn't exist.
 * Disney would give Jim Henson's library a lot of promotion at the Disney Parks.
 * The Muppets, the Fraggles and the Sesame Street gang would appear as meet and greet characters in the Disney parks.
 * The Happytime Murders would be changed into a family-oriented television series on Disney Channel titled: The Happytime Gang.
 * Muppet Babies (2018) would feature additional Muppets that weren't featured in the original series.
 * After the series ended, Disney opted to add Summer as a new member of The Muppets.
 * In 1997, Jim Henson Productions was rebranded to Jim Henson Enterprises.
 * The Muppets Studio wouldn't exist, with its projects being fully owned and produced by Jim Henson Enterprises.
 * Jim Henson Home Entertainment would still exist, although now as a sub-label of Walt Disney Studios Home Entertainment.
 * Sony Pictures Television and Adelaide Productions would have no involvement in Dragon Tales, being instead produced by Disney Television Animation for Playhouse Disney and PBS.
 * Sesame Workshop would have changes:
 * They wouldn't try too hard to stay hip and relevant.
 * They wouldn't work with Autism Speaks.
 * Sesame Street wouldn't be that overfocused as it is nowadays in order to give other IPs more recognition.
 * Kevin Clash wouldn't resign from Sesame Street due to his false sexual allegations later being cleared out.
 * They wouldn't fire the actors who played Gordon, Bob, Susan, Maria, Luis, and Gina from Sesame Street.
 * Shows that were neglected by Sesame Workshop such as Dragon Tales, Sagwa the Chinese Siamese Cat, The Electric Company, etc. would still be ongoing.
 * They would have gone against corporate sponsors to raise funds for Sesame Street and other projects on PBS airings.
 * They wouldn't attract younger audiences.
 * Elmo wouldn't be as overused as he is nowadays in order to give other characters more attention.
 * Mecha Builders would feature additional Sesame Street Muppets as members of the Mecha Builders.
 * While still airing on PBS, Sesame Street will air on ABC since 1996, Playhouse Disney from 1997 until 2011 and Disney Junior since 2011.
 * Henson International Television was spun-off independently in 1987, being rebranded to HIT Communications PLC.
 * The 2015 Muppets series would have lasted for two additional seasons.
 * Walter would have a larger role in the series.
 * The second season of The Wubbulous World of Dr. Seuss gets tweaked to tell new plots.
 * Sid the Science Kid and Word Party would be made with puppets in live-action instead of CGI, and they would have several changes to make them better.

Films

 * The Witches (1990, released by Hollywood Pictures)
 * The Muppet Christmas Carol (1992)
 * Muppet Classic Theater (1994, direct-to-video)
 * Muppet Treasure Island (1996)
 * Buddy (1997, first film from Jim Henson Pictures)
 * Muppets from Space (1999)
 * The Adventures of Elmo in Grouchland: A Sesame Street Movie (1999)
 * Rat (2000)
 * /Legend of the Cookie Treasure: A Sesame Street Movie/ (2001)
 * /Muppet Wild West/ (2002)
 * Kermit's Swamp Years (2002, direct-to-video)
 * Good Boy! (2003)
 * /The Quest to the Alphabetical Forest: A Sesame Street Movie/ (2004)
 * Five Children and It (2004)
 * MirrorMask (2005)
 * /The Muppet Detective/ (2006)
 * /Aggressive Fauna/ (2007)
 * /Super Grover: A Sesame Street Movie/ (2009)
 * /Frog and Toad/ (2009)
 * The Muppets (2011)
 * Fraggle Rock (2012)
 * Sesame Street (2013)
 * Muppets Most Wanted (2014)
 * Alexander and the Terrible, Horrible, No Good, Very Bad Day (2014)
 * /Fraggle Rock 2/ (2015)
 * /Sesame Street: The Number Two/ (2016)
 * /Muppet Survival Island/ (2017)
 * /The Power of the Dark Crystal/ (2018)
 * /Abby's Magical Adventure: A Sesame Street Movie/ (2019)
 * /The Muppets on the Road/ (2020)
 * /Sesame Street: The Number Three/ (2021)
 * /Fraggle Rock 3/ (2021)
 * /The Dark Crystal: The Third Wish/ (2022)

Television
Notes:
 * = Henson Alternate
 * = co-produced with Disney Television Animation

Series

 * Sesame Street (PBS/ABC/Disney Junior, 1969-present)
 * Square One Television (PBS, 1987-1991)
 * Encyclopedia (HBO, 1988-1989)
 * Muppet Babies (CBS, 1984-1991)
 * The Jim Henson Hour (NBC, 1989-1993)
 * The Ghost of Faffner Hall (ITV, 1989)
 * Jim Henson's Mother Goose Stories (ITV/The Disney Channel, 1990)
 * Dinosaurs (ABC, 1991-1994)
 * Dog City** (CBS/YTV, 1992-1995)
 * Ghostwriter (PBS/BBC Two, 1992-1995)
 * CityKids** (ABC, 1993-1994)
 * Cro** (ABC, 1993-1994)
 * Secret Life of Toys (The Disney Channel/BBC, 1993)
 * Jim Henson's Animal Show (Disney Channel, 1994-1998)
 * Muppets Tonight (ABC/Disney Channel, 1996-1998)
 * Aliens in the Family (ABC, 1996)
 * Big Bag (Disney Channel/Playhouse Disney, 1996-1998)
 * /The Wubbulous World of Dr. Seuss/ (Disney Channel, 1996–1998)
 * The New Ghostwriter Mysteries (ABC, 1997)
 * Bear in the Big Blue House (Playhouse Disney, 1997–2006)
 * Mathmatazz (direct-to-video, 1998)
 * Brats of the Lost Nebula (ABC/YTV, 1998–99)
 * /Dragon Tales/** (PBS/Playhouse Disney, 1999-2011)
 * Mopatop's Shop (ITV/Playhouse Disney, 1999–2005)
 * Sesame English (syndication, 1999–2002)
 * Construction Site (ITV/Playhouse Disney, 1999–2003)
 * Farscape (Nine Network/ABC, 1999–2003)
 * The Fearing Mind (ABC, 2000–01)
 * Sooty (ITV, 2001–2004)
 * The Hoobs (Channel 4/TVOKids/Playhouse Disney, 2001–2003)
 * /Sagwa, the Chinese Siamese Cat/** (PBS/Playhouse Disney, 2001-2010)
 * Telling Stories with Tomie dePaola (Playhouse Disney, 2001)
 * Sponk! (Noggin, 2001-2002)
 * Tiny Planets (CITV, 2002-2006)
 * Bambaloo (Seven Network/ABC TV, 2002-2003)
 * Play with Me Sesame (PBS/Playhouse Disney, 2002-2007)
 * Animal Jam (Playhouse Disney, 2003)
 * Out There (The N, 2003-2004)
 * Farscape: The Peacekeeper Wars (Sci-Fi Channel, 2004)
 * /Pinky Dinky Doo/** (Noggin/Disney Junior, 2005-2014)
 * Frances** (Playhouse Disney, 2006 (prod. year); 2008)
 * The Upside Down Show (Noggin, 2006)
 * Late Night Buffet with Augie and Del* (ABC, 2006)
 * Tinseltown* (ABC, 2007)
 * /Sid the Science Kid/ (PBS/Disney Junior, 2008–2013)
 * Jim Henson's Pajanimals (PBS/Disney Junior, 2008–2013)
 * Alt/Reality* (YouTube, 2008)
 * Panwapa (PBS Kids Sprout, 2008-2009)
 * /The Electric Company/ (PBS/Disney Junior, 2009-2019)
 * Dinosaur Train** (PBS/Disney Junior, 2009–2020)
 * Jim Henson's The Possibility Shop (Disney Junior, 2009–2011)
 * Hot Dog TV (ABC, 2010)
 * Me and My Monsters (Network Ten/CBBC, 2010)
 * Wilson & Ditch: Dinning America (PBS, 2010)
 * Late Night Liars* (ABC, 2010)
 * Simian Undercover Detective Squad* (ABC, 2012)
 * /Sam and Friends: Crazier Than Ever!/ (ABC, 2012–2014)
 * Neil's Puppet Dreams* (The Nerdist Channel/ABC, 2012–13)
 * No, You Shut Up!* (Fusion/ABC, 2013–2016)
 * Good Morning Today* (Fusion/ABC, 2013–14)
 * That Puppet Game Show (ABC/BBC One, 2013–2014)
 * Jim Henson's Creature Shop Challenge (ABC, 2014)
 * The Doozers** (Disney Junior/Kids' CBC, 2014–2018)
 * Hi Opie! (TVO Kids, 2014–2016)
 * The Furchester Hotel (CBeebies/Disney Junior, 2014-2017)
 * The Muppets (ABC, 2015-2018)
 * Dot.** (Disney Junior/CBC Kids, 2016–2018)
 * Splash and Bubbles** (Disney Junior, 2016–2018)
 * /Word Party/ (Disney Junior, 2016–2021)
 * Julie's Greenroom (Disney Junior, 2017)
 * The Curious Creations of Christine McConnell* (ABC, 2018)
 * Muppet Babies** (Disney Junior, 2018-2022)
 * /The Happytime Gang/ (Disney Channel, 2018-2022)
 * Esme & Roy** (Disney Junior, 2018-present)
 * Helpsters (Disney Junior, 2019-present)
 * Ghostwriter (Disney Junior, 2019-present)
 * /Tales of a Sixth Grade Muppet/** (Disney Channel, 2019-present)
 * The Dark Crystal: Age of Resistance (Disney+, 2019)
 * Fraggle Rock: Rock On! (Disney+, 2020)
 * Helpsters: Help You (Disney Junior, 2020-present)
 * /The Not-Too-Late Show with Elmo/ (ABC, 2020-present)
 * Muppets Now (Disney+, 2020)
 * Earth to Ned (Disney+, 2020–2021)
 * Duff's Happy Fun Bake Time (Disney+, 2021)
 * /Muppets Live!/ (ABC, 2021-present)
 * Harriett the Spy** (Disney Channel, 2021-present)
 * Fraggle Rock: Back to the Rock (Disney+, 2022-present)
 * /Mecha Builders/** (Disney Junior, 2022-present)

Specials

 * Sesame Street… 20 Years & Still Counting (1989)
 * The Jim Henson Hour (1989-1992):
 * Miss Piggy's Hollywood (1989)
 * Secrets of the Muppets (1992)
 * The Muppets at Walt Disney World (1990)
 * The Muppets Celebrate Jim Henson (1990)
 * Mr. Willowby's Christmas Tree (1995)
 * Elmopalooza (1999)
 * Studio DC: Almost Live (2008)
 * A Muppets Christmas: Letters to Santa (2008)
 * Lady Gaga and the Muppets Holiday Spectacular (2013)
 * Sesame Street's 50th Anniversary Celebration (2019)
 * Muppets Haunted Mansion (2021)