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
Walt Disney World Company reincorporated in Florida on September 30, 1997. On January 26, 1998, Ranch and Grove Holding Corporation, which had owned some of the land in Walt Disney World since April 12, 1972 was merged into Walt Disney World Company. Reedy Creek Energy Services, Incorporated, originally known as Reedy Creek Utilities Company, Incorporated was merged into Walt Disney World Company on September 30, 1999. On October 2, 2000, MDMP Corporation, which had been deeded many improvements in Walt Disney World on December 20, 1996, was merged into Walt Disney World Company. Walt Disney World Company changed its name to Walt Disney Parks