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Walt launches his own business, Laugh-O-Gram Films.


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."


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.


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.


Walt completes the first series of six Alice Comedies, which combine animation and live action.


The Disney brothers tie the knot: Roy marries Edna Francis in April, and Walt marries former employee Lillian Bounds in July.