Walter Elias Disney died of circulatory collapse caused by lung cancer in Burbank, California. This marked the end of an era for the animation and entertainment industry.
Walt Disney received zoning permission to build a theme park in Burbank, near the Disney studios. This event marked an early step in the creation of Disneyland.
The success of the "Laugh-O-Grams" led to the establishment of Laugh-O-Gram Studio, for which Walt Disney hired more animators, including Fred Harman's brother Hugh, Rudolf Ising and Ub Iwerks.
Walt Disney and Ub Iwerks were laid off from Pesmen-Rubin Commercial Art Studio due to declining revenue after Christmas. This event led to the creation of their own short-lived business, Iwerks-Disney Commercial Artists.
Walter Elias Disney was born in Chicago, Illinois. This is the day that marked the beginning of the life of one of the most influential figures in animation and entertainment history.