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 India films with both handling creative function and UTV producing, marketing and distributing the films. Walt Disney Company (South East Asia) Pvt Ltd. in July 2011 offered to purchase the public shareholders' stakes with approval given by the Cabinet Committee on Economic Affairs for them to increase their ownership. In February 2012, Disney announced the completion of the acquisition of UTV with UTV Chief Executive Officer Ronnie Screwvala becoming Managing Director of TWDC India replacing Mahesh Samat, who joined the company in 2007 from Johnson & Johnson. In October 2012, Disney launched Disney Junior India, an ad-free channel for preschool kids.