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?

General

 * 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, as well as Henson International Television (now known as HIT Entertainment in real life, being later absorbed into Mattel Creations) as the international distribution arm would be absorbed and folded into Buena Vista International Television, later known as Disney-ABC International Television.
 * 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 Guillermo del Toro's Pinocchio since Disney already made an animated film adaptation of Pinocchio.
 * Unstable Fables and The Star get retooled from a CGI-animated film trilogy and an Sony Pictures Animation film into two universally-acclaimed live-action television specials with puppetry featuring the Muppets.
 * 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.
 * The Beatrix Potter brand wouldn't be owned by Silvergate Media nor Sony Pictures, being instead owned by Disney, resulting in Walt Disney Animation Studios making a fully animated Peter Rabbit movie in 1990, even similar to The Many Adventures of Winnie the Pooh.
 * Also, this film would be universally-acclaimed from Disney fans, and would even stay true to the original Beatrix Potter story. They can give this film a BIT of humor, but they still want to make it more family friendly for not just Disney fans, but even Beatrix Potter fans, receiving a lot of love from those fans as well.
 * The Rescuers Down Under would first release on November 20th, 1987.
 * 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.
 * 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.
 * Due to Disney's ownership of Pixar, Jim Henson's six shows Brats of the Lost Nebula, Frances, Sid the Science Kid, Dinosaur Train, Splash and Bubbles and Word Party would be live-action made with puppetry instead of CGI.
 * Sid the Science Kid and Word Party would have several changes to make them better.
 * Henson's television films starting with Gulliver's Travels are produced by Walt Disney Television and ABC Studios for ABC instead of Hallmark, Universal Studios, Amazon and NBC.
 * The High Fructose Adventures of the Annoying Orange would never exist.

HIT's properties owned by Classic Media (now DreamWorks Classics)

 * Other programs for international distribution, including Postman Pat and Alvin and the Chipmunks, and later International acquisitions like Barney & Friends would instead be acquired by Entertainment Rights.
 * Beginning in 1991, Entertainment Rights would began to engage in co-producing shows which they would distribute internationally, with the first two as part of this new strategy being Where's Wally? and Captain Zed and the Zee Zone.
 * HOT Animation would be named Bob Motion owned by Entertainment Rights (now Classic Media and later DreamWorks Classics) since HIT Entertainment was owned by Disney since 1988.
 * As a result, three stop-motion series Bob the Builder, Rubbadubbers and the newer episodes of Pingu are produced by Bob Motion.
 * Brambly Hedge (episodes 5-8) would be animated by Cosgrove Hall Films instead of HOT Animation while the whole series would still be produced by Entertainment Rights.
 * Bob the Builder: Project Build It would be slightly different as the stories were less formulaic and repetitive.
 * The series wouldn't be cancelled as a lot was solved, meaning that Ready, Steady, Build! wouldn't happen.
 * Also, seasons 7-13 (2008-2011) were made along with the finale movie The Fate of Sunflower Valley released in 2012.
 * The whole US cast from the first nine seasons would've reprised their roles while the American voices of Gripper and Grabber were improved.
 * Roley Brings the House Down wouldn't exist, being replaced with a much better episode.
 * The 2015 Bob the Builder reboot wouldn't exist in order to avoid ruining childhoods.
 * Fireman Sam would end up after the fifth season, so it wouldn't suffer a load of bad episodes and go downhill. And speaking of Series 5:
 * It is instead produced by Entertainment Rights.
 * The designs of the original would be kept by getting redesigned slightly and giving the characters mouth movements, similar to Postman Pat series 3-5.
 * Cosgrove Hall would return to animate the show.
 * The license plates on the vehicles would be kept.
 * Trevor would still be an Auxiliary Fireman.
 * The original characters are kept in their proper personalities.
 * This season would have 32 stories instead of 26.
 * Angelina Ballerina was heavily altered as it stayed faithful to the original books and its source material, being instead produced by Classic Media. The Next Steps wouldn't exist.
 * Lyrick Studios and Gullane Entertainment would instead be acquired and folded into Classic Media.
 * In September 2000, Warner Bros. gradually sold the post-September 1974 Rankin/Bass library to Classic Media, reuniting with the pre-September 1974 one.
 * The live-action A Year Without a Santa Claus remake and ThunderCats Roar! wouldn't exist while A Miser Brothers' Christmas would be produced by Classic Media instead of Warner Premiere.
 * Rankin/Bass would have zero involvement in The King & I.
 * The 2011 ThunderCats series would be produced by Classic Media instead of Warner Bros. Animation, continuing and concluding in 2015.
 * Classic Media (now known as DreamWorks Classics) would keep the rights to Gumby, acquiring Premavision in March 2010 instead of Fox Entertainment in February 2022.
 * They would also acquire Jay Ward Productions (while Tiffany Ward is still the president, leading the closure of Bullwinkle Studios) and the Screen Gems Cartoons library on December 14th, 2010.
 * Thomas & Friends: Big World, Big Adventures! and All Engines Go! wouldn't exist, meaning that the original Thomas series would still continue and wouldn't switch from models to CGI, and series 8 onwards would be different as they stay true to the source material and don't lack the charm of the first seven seasons. Example: Several characters weren't flanderized while many side characters from previous seasons weren't be ignored, and the same crew from the classic series were still there (i.e. Britt Allcroft, David Mitton, Mike O'Donnell and Junior Campbell).
 * The Wiggles television series would be under the Classic Media banner and end up after the fourth series The Wiggles Show! in order to avoid ruining childhoods, especially how we miss the older members of the Wiggles.

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)
 * /The Sign of the Seahorse/ (1997)
 * 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 Muppets of the Jungle/ (2003, direct-to-video)
 * /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, in co-production with Spyglass Entertainment)
 * /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)