Disney and his brother Roy formed the Disney Brothers Studio—which later became The Walt Disney Company—to produce the films; they persuaded Davis and her family to relocate to Hollywood to continue production, with Davis on contract at $100 a month.In July 1924, Disney also hired Iwerks, persuading him to relocate to Hollywood from Kansas City.
In October 1923, the Stresemann government used Article 48 to replace the legally elected SPD-Communist coalition government of Saxony on 29 October, and that of Thuringia on 6 November, by commissioners. By this time, Stresemann was convinced that accepting the republic and reaching an understanding with the Allies on the reparations issue was the only way for Germany to gain the breathing room it needed to rebuild its battered economy.