Chapter 936 - 319, 300 thousand for hundreds of billions_3
Later, Walter Disney tried his hand at entrepreneurship once again, establishing Laugh-O-Gram Studio and successfully producing animated shorts distributed by film distributor Frank Newman.
On May 23, 1922, Walter secured Ub Iwerks’ approval to merge the remaining assets of Iwerks-Disney Commercial Artists into Laugh-O-Gram Studio.
At Laugh-O-Gram Studio, Walter Disney created the animated short "Little Joy," which was sold to a distributor in Kansas City.
In July of the same year, Walter Disney headed to Los Angeles, preparing to expand into Hollywood.
After arriving in Los Angeles, Walter Disney and his brother Roy Disney founded Disney Brothers Studio and began production on the "Alice Comedies" animated series.
But producing animations required financial support, so Walter Disney approached Venus Bank, which had recently been established in Los Angeles!
After hearing Walter Disney’s pitch, Donnie nodded and said, "Three hundred thousand US dollars is no problem. However, I hold great confidence in your abilities, Walter, so I propose we let Venus Bank use this three hundred thousand dollars to buy into Disney Brothers Studio. Of course, you’ll still remain the company’s president!"
Disney’s growth and eventual glory were inseparable from the hard work of Walter Disney and his team.
Donnie was also more than willing to play the role of a behind-the-scenes boss for these companies. As long as they were obedient, everything would be negotiable. If not, he would find an excuse to clean house instead.
As for whether Disney would achieve any success in the future under such circumstances, that was not part of Donnie’s concern.