Oswald the Lucky Rabbit time, Felix the Cat and Krazy Kat. Universal was given the right to name the rabbit and it selected a name out of a hat. The first Oswald cartoon, "Poor Papa", was rejected by the Universal studio heads for its poor production quality and the sloppiness and age of Oswald. Disney, together with Iwerks, decided to create a second cartoon titled "Trolley Troubles" featuring a much younger, neater Oswald. The short, released on September 5, 1927, officially launched the series and proved to be Disney's greatest success to date. The storyline for Poor Papa was reused in a Mickey Mouse
Oswald the Lucky Rabbit short six years later, in "Mickey's Nightmare", 1932. Oswald the Lucky Rabbit became Disney's first major hit in 1927, rivaling other popular cartoon characters, such as Felix the Cat and Koko the Clown. The success of the Oswald series allowed the Walt Disney Studio to grow to a staff of nearly twenty. Walt's weekly salary from the series was $100 while Roy Disney's was $65. The Disney brothers earned $500 per Oswald short and split the year-end profits, with Walt receiving 60% ($5,361), and Roy receiving 40% ($3,574). With income gained from the Oswald series, Walt and Roy purchased ten