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
The Art of Walt Disney after when Walt decided to leave the Kansas City Film Ad Company to start another one of his own, called Laugh-O-Gram Films, where he created his first popular cartoon called Alice’s Wonderland, which turned into a series called Alice Comedies. Unfortunately for Walt, not enough money was coming in, which lead to many of his employees quitting his company, and forcing him to declare bankruptcy. In 1927, Walt created a new character called "Oswald the Lucky Rabbit", which also became popular. However, the distributor he was working with at the time, Charles Mintz, hired all of Walt’s animation employees and