Before its release, Todd left the Cinerama Company to develop a widescreen process which would eliminate some of Cinerama's flaws. The result was the Todd-AO process, designed by the American Optical Company. The process was first used commercially for the successful 1955 movie adaptation of "Oklahoma!" (starring Gordon MacRae and Shirley Jones). Todd later produced the movie for which he is best remembered, "Michael Todd's Around the World in 80 Days", which debuted in cinemas on October 17, 1956. Costing $6 million to produce, the movie earned $16 million at the box office. In 1957, "Around the World in 80 Days" won the Best Picture Academy Award.