As profits for the company started to slow down, On October 1, 1982, Epcot, then known as

EPCOT Center, opened as the second theme park in Walt Disney World, with around 10,000
people.[180][181] Costing the company over $900 million to construct, The park consisted of
the Future World pavilion and the World Showcase which represented nine countries
including Mexico, China, Germany, Italy, America, Japan, France, United Kingdom, and
Canada (Morocco and Norway would be added later in 1984 and 1988, respectively).[180]
[182] The animation industry continued to decline and 69% of the company's profits were
from its theme parks, with attendance of 12 million visitors to Walt Disney World which
would decline by 5% next June.[180] On July 9, Disney released one of the first films to
majorly use computer-generated imagery (CGI) Tron, which would a big influence on other
CGI movies, although it only received mixed reviews.[183] In total in 1982, the company lost
$27 million.[184] On April 15, 1983, Disney's first ever foreign park Tokyo Disneyland, similar
to Disneyland and the Magic Kingdom, opened in Urayasu, Japan.[185] Costing around $1.4
billion, construction on the park started in 1979 when Disney and The Oriental Land
Company agreed to build a park together. Within its first ten year, the park had been a hit
with over 140 million visitors.[186] After an investment of $100 million, on April 18, Disney
started a pay to watch cable television series called Disney Channel, a sixteen hour-long
series showing things such as Disney films, twelve different programs, and two magazines
shows for adults. Although it was expected to do well, the company lost $48.3 million after
its first year, with 916,000 subscribers.[187][188]

In 1983, Walt's son-in-law Ron W. Miller, who had been president of the company since
1978, became CEO of Disney and Raymond Watson became chairman.[151][189] Ron would
push for more more mature films from the studio,[190] and as a result, Disney founded the
film distribution label Touchstone Pictures to produce movies geared toward adults and
teenagers in 1984.[184] Splash (1984), was the first film released under the label and would
become a much needed success for the studio, grossing over $6.1 million in its first week of
screening.[191] Later, Disney's first R-rated film Down and Out in Beverly Hills (1986) was
released and was another hit for the company, grossing $62 million.[192] The following year,
Disney's first PG-13 rated film Adventures in Babysitting was released.