"Disney had made such a great deal of money on Snow White that the banks gave him the go-ahead on the next three films. But he was heavily dependent on the foreign market"

This quote from Marc Davis shows both the success and the financial intricacies behind Walt Disney's early ventures in the animation market. Disney's "Snow White and the Seven Dwarfs," launched in 1937, was a significant accomplishment, both creatively and economically. It was the first full-length cel-animated feature in movement photo history and garnered tremendous box office success. The expression "Disney had actually made such a great deal of money on Snow White" highlights the considerable earnings produced by the movie, which was essential in establishing Disney as a leader in the entertainment industry. This success allowed Disney to get the confidence and assistance of financial institutions-- primarily banks-- which is evident in the line that they "provided him the consent on the next three films." This indicates a newly found trust in Disney's ability to produce lucrative films, allowing him to secure the needed financing to pursue more enthusiastic projects, including "Pinocchio," "Fantasia," and "Bambi.".

Nevertheless, the latter part of the quote-- "But he was greatly dependent on the foreign market"-- presents a vital caveat to Disney's circumstance. In spite of domestic success, Disney's financial health was closely connected to worldwide markets. The foreign market was crucial for taking full advantage of film earnings, particularly considering the substantial production expenses of animated features, which were unlike anything seen before in Hollywood. Depending on the worldwide market likewise made Disney susceptible to global financial fluctuations and geopolitical events, such as World War II, which significantly impacted abroad earnings streams. This dependence highlights the high-stakes nature of movie production at the time and recommends that while Disney was forging brand-new ground in animation, he stayed at the mercy of more comprehensive financial and political forces beyond his control. Davis's observation thus provides insight into the dual nature of Disney's success: it was groundbreaking and profitable however likewise fraught with monetary dependencies and dangers inherent in pioneering a brand-new type of home entertainment.