Walt Disney Pictures released under this brand. "Pirates of the Caribbean" is the studio's most successful franchise, with two of its sequels, released in and , earning over $1 billion in worldwide box office gross. The studio's predecessor (and the modern-day The Walt Disney Company's as a whole) was founded as the Disney Brothers Cartoon Studio, by filmmaker Walt Disney and his business partner and brother, Roy, in 1923. The creation of Mickey Mouse and subsequent short films and merchandise generated revenue for the studio which was renamed as The Walt Disney Studio at the Hyperion Studio in 1926. In 1929, it was
Criticism of The Walt Disney Company meeting, the banks capitulated to Disney's demands. The creditor banks bought US$500 million worth of "Euro Disney" shares, forgave 18 months of interest and deferred interest payments for three years. The Walt Disney Company invested US$750 million into "Euro Disney" and granted a five-year suspension of royalty payments. In June that same year, Saudi Arabian Prince Al-Waleed Bin Talal Bin Abdulaziz Al Saud cut a deal whereby The Walt Disney Company bought 51% of a new US$1.1 billion share issue, the rest being offered to existing shareholders at below-market rates, with the Prince buying any that were not taken up