Mickey was created as a replacement for Oswald the Lucky Rabbit, an earlier cartoon character created by the Disney studio for Charles Mintz of Universal Studios.^[4]

When Disney asked for a larger budget for his popular Oswald series, Mintz announced that Disney could keep doing the Oswald series, as long as he agreed to a budget cut and went on the payroll. Mintz owned Oswald and thought he had Disney over a barrel. Angrily, Disney refused the deal and returned to produce the final Oswald cartoons he contractually owed Mintz. Disney was dismayed at the betrayal by his staff, but determined to restart from scratch. The new Disney Studio initially consisted of animator Ub Iwerks and a loyal apprentice artist, Les Clark. One lesson Disney learned from the experience was to thereafter always make sure that he owned all rights to the characters produced by his company.

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