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The Disney family promised $450,000 in matching funds for the rights to other Disney memorabilia and to tell the history of Walt Disney's life in Kansas City, a movie house to exhibit original and restored Laugh-O-Grams, and an education center for animation workshops.
Disney made six more Laugh-O-grams in Kansas City, which all survive, thanks to the remarkable detective work of animation collectors and historians working in collaboration with the Walt Disney Archives, the Museum of Modern Art, and the Library of Congress.
Using an amazing gift for salesmanship, Walt raised some $15,000 from investors, quit his job, and incorporated his tiny company, called Laugh-O-gram Films. He made a deal to sell a series of fairy-tale cartoons for $11,100, accepting a down payment of $100.
Walt had Laugh-O-Gram Films issue 300 shares of stock at $50 each, resulting in a $15,000 initial capitalization. In inflation adjusted dollars, that is $203,000 today. Disney contributed equipment, cash, and intellectual assets to keep 70 of these shares for himself, with the other 230 shares going to friends, employees, and outside investors ...
On May 23, 1922, Walt Disney with Ub Iwerks took the remaining assets of the defunct Iwerks-Disney Commercial Artists and along with $15,000 raised from local investors merged them with Laugh-O-Grams. With the help of Frank Newman, Disney signed a deal with Milton Feld to produce a 1-minute reel per week featuring local news and public-service ...
Dec 20, 2023 · Walt Disney’s journey in animation began in 1920 while he was working as a commercial artist in Kansas City. After hours, he and a few friends created their first animations, Laugh-O-grams. Disney convinced Frank Newman, a leading movie theater owner in Kansas City, to show these short animations.
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Feb 2, 2023 · The Laugh-O-grams venture showed promise — enough for Walt Disney to sink his savings into his new studio, alongside several investors.