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
Criticism of The Walt Disney Company opens, during spring break and again in the summer." The actual attendance was not close to the size that Disney expected for the park back in 2001. The reasons for this has been speculated as: Disney's chief executive officer, Robert Iger went on record during the company's annual stockholder meeting on March 10, 2006, when someone asked about a potential third park being built in Anaheim. "We're still working to assure the second gate is successful", Iger said, referring to California Adventure. "In the spirit of candor, we have been challenged." On October 17, 2007, The Walt Disney Company announced