In 1921, Walt Disney was contracted by Milton Feld to animate twelve cartoons, which he called Newman's Laugh-O-grams. On May 23, 1922, when Disney was 20 years old, Laugh-O-gram Films (LOGF) was incorporated by him using the remaining assets of the defunct Iwerks-Disney Commercial Artists from local investors. LOGF produced nine of the requested 12 films with little income. But encouraged by his shorts' popularity at the theatre, and inspired by "Aesop's Fables" by Terrytoons, Disney decided he wanted to make his own animated versions of fairy tales too, and invested six months on his first attempt at "Little Red Riding Hood".