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Brothers Walt and Roy Disney come to Hollywood from Kansas City, Missouri, in 1923 to start fresh. Their previous company, Laugh-O-Gram Films, went bankrupt after financing fell through for a series of cartoons based on Alice in Wonderland. Luckily, the slump of 1923 is mild, and the Roaring '20s quickly resume. Industrywide, box-office ticket sales grow rapidly. In 1928, Disney releases Steamboat Willie, starring Mickey Mouse. The first cartoon to feature sound, it is a smash hit.