After the success of "Snow White", Disney went on to produce "Pinocchio", which was released in 1940. However, costing twice as much to make as "Snow White", "Pinocchio" was not a financial success, since World War II (which began in Europe in 1939) had cut off 40% of Disney's foreign release market . Although it was a moderate success in the United States, the domestic gross alone was not enough to make back its production budget. However, the film did receive very positive reviews and has made millions from subsequent re-releases.