Hyperion Studios. The Walt Disney Company started in 1923 in LA. In 1925 The Disney brothers put a $400 deposit down on a formerly empty lot and Hyperion studios was born. A single story building was erected with additions built through the '20s and '30s. Shortly after moving in, Construction on the new Burbank studio began in 1938 and moving was completed in 1940. Although most of the former Hyperion studio buildings were demolished, a few were moved to Burbank. The lot now houses a market.