Before its release, Todd left the Cinerama Company to develop a widescreen process which would eliminate some of Cinerama's flaws. The result was the Todd-AO process, designed by the American Optical Company. The process was first used commercially for the successful film adaptation of "Oklahoma!" (1955). (Ironically, the producer had famously dismissed the stage musical during tryouts a decade earlier, quipping “No jokes, no legs, no chance.”) Todd soon produced the film for which he is best remembered, "Michael Todd's Around the World in 80 Days", which debuted in cinemas on October 17, 1956. Costing $6 million to produce (equivalent to approximately $), the movie earned $16 million at the box office. In 1957, "Around the World in 80 Days" won the Best Picture Academy Award.