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Walt launches his own business, Laugh-O-Gram Films.
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Walt Disney creates The Alice Comedies and introduces his first two animated characters, Julius the Cat and Peg Leg Pete. Julius was retired in 1927, while Pete became Disney's longest-lived character, last appearing in the 1995 short "Runaway Brain."
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Laugh-O-Grams fails. Walt goes door to door photographing babies to raise train fare to Los Angeles. With $40 to his name, he buys a first-class ticket and arrives in L.A. with a single suitcase and the clothes on his back.
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After briefly trying to succeed in live action films, Disney returns to animation and forms Walt Disney Productions with his older brother, Roy Oliver Disney. He opens a studio on Kingswell Street in the Los Feliz neighborhood of Los Angeles.
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Walt completes the first series of six Alice Comedies, which combine animation and live action.
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The Disney brothers tie the knot: Roy marries Edna Francis in April, and Walt marries former employee Lillian Bounds in July.
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