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
The Walt Disney Company The Walt Disney Company announced its intention to merge with 21st Century Fox in a deal worth $52.4 billion in stock. The merger includes many of Fox's entertainment assets—including filmed entertainment, cable entertainment, and direct broadcast satellite divisions in the UK, Europe, and Asia—but excludes divisions such as the Fox Broadcasting Company, Fox Television Stations, the Fox News Channel, the Fox Business Network, Fox Sports 1 and 2, and the Big Ten Network, all of which will be spun off into an independent company before the merger is complete. Beginning in March 2018, a strategic reorganization of the company saw