The Walt Disney Company Features, who requested additional samples to show to the publisher, William Randolph Hearst. On December 16, the Walt Disney Studios partnership was reorganized as a corporation with the name of Walt Disney Productions, Limited with a merchandising division, Walt Disney Enterprises, and two subsidiaries, Disney Film Recording Company, Limited and Liled Realty and Investment Company for real estate holdings. Walt and his wife held 60% (6,000 shares) and Roy owned 40% of WD Productions. On December 30, King Features signed its first newspaper, New York Mirror, to publish the Mickey Mouse comic strip with Walt's permission. In 1932, Disney signed
Walt Disney Pictures first of the "True-Life Adventures" series and a subsequent Academy Award winner for Best Live-Action Short Film. Walt Disney Productions had its first fully live-action film in 1950 with the release of "Treasure Island""," considered by Disney to be the official conception for what would eventually evolve into the modern-day Walt Disney Pictures. By 1953, the company ended their agreements with such third-party distributors as RKO Radio Pictures and United Artists and formed their own distribution company, Buena Vista Distribution. The division was incorporated as Walt Disney Pictures on April 1, 1983 to diversify film subjects and expand audiences for