Felix Salten in chief of the "B.Z. am Mittag" and the "Berliner Morgenpost", but relocated to Vienna some months later. He wrote also film scripts and librettos for operettas. In 1927 he became president of the Austrian P.E.N. club as successor of Arthur Schnitzler. His most famous work is "Bambi" (1923). It was translated into English in 1928 and became a Book-of-the-Month Club success. In 1933, he sold the film rights to the American director Sidney Franklin for only $1,000, and Franklin later transferred the rights to the Walt Disney studios, which formed the basis of the 1942 animated classic, "Bambi". Salten
Walt Disney Studios (division) Worldwide were organized under The Walt Disney Studios. In 2003, the studio set a worldwide box office record of $3 billion gross. In July 2006, Disney announced a shift in its strategy of releasing more Disney-branded (i.e. Walt Disney Pictures) films and fewer Touchstone titles. The move was expected to reduce the Group's work force by approximately 650 positions worldwide. This was a cost cutting move with its yearly slate would consist of 12 to 15 films. After being transferred to various other division groups since they were acquired in 2004, The Muppets Studio was incorporated into the Walt Disney