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 Animation Studios and the "Donald Duck" cartoons eclipsed the "Mickey Mouse" series in popularity. The "Silly Symphonies", which garnered seven , ended in 1939. The success of "Snow White" allowed Disney to build a new, larger studio on Buena Vista Street in Burbank, where The Walt Disney Company remains headquartered to this day. Walt Disney Productions had its initial public offering on April 2, 1940, with Walt Disney as president and chairman and Roy Disney as CEO. The studio launched into the production of new animated features, the first of which was "Pinocchio", released in February 1940. "Pinocchio" was not initially a