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 ending Disney's last obstacle to buying it itself. on July 27, 2018 shareholders voted in favor of the merger, approving the company buyout, pending International regulatory approval. The new company formed by the merger will assume The Walt Disney Company name. The deal is expected to close in the first half of 2019. In August 2017, Disney announced that they would be starting its own streaming service, known as Disney+, to compete with the longtime industry monopoly Netflix. Disney+ is currently scheduled to begin service in late 2019, with many series announced that will be using its many successful franchises.