Before he created the Magic Kingdom and built one of the largest movie production companies in the world, Walt Disney owned and operated an animation company called Laugh-O-Gram Studios. Based in Kansas City, the company created animated fairy tales that were shown in local theaters. The Laugh-O-Grams became popular, leading Disney to seek a financial backer to support the endeavor. But as luck would have it, the backing firm went broke and Laugh-O-Grams went bankrupt. While he tried to save his venture by living in his office and eating beans from a can, he eventually closed the studio. Looking for a turn in fortune, Disney scrapped together enough money for a bus ticket and went to Hollywood, where he was able to make a very successful fresh start.
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