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 was to be a real planned city that would have also been used as a test bed for new innovations for city living. After extensive lobbying, the Government of Florida passed legislation establishing this special government district. The District essentially gives the Disney Company the standard powers and autonomy of an incorporated city. After Walt Disney died in 1966 before his vision was realized, the Disney Company board decided that it did not want to be in the business of running a city. Most of Walt's ideas for his planned city were eventually abandoned, and thus the residential areas were