The Backstory: Walt Disney: How Desperation Led to a Billion Dollar Mouse
Elvis Duran and the Morning Show ON DEMAND
Elvis Duran Podcast Network and iHeartPodcasts
4.7 • 1.2K Ratings
🗓️ 19 May 2026
⏱️ 11 minutes
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Summary
Sometimes failure is actually the mother of success. Take Walt Disney, who at the age of 21 had one animation company go bankrupt. By 27, his taste of success with a cartoon rabbit named Oswald was stolen by a partner who made a deal with an unscrupulous movie studio. So, it turns out Mickey Mouse was born out of desperation and the determination to never give up.
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Transcript
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| 0:00.0 | Well, one of the things that intrigues me about looking at the lives of people who created something |
| 0:05.2 | larger than life is exploring how they got there. Because you know what? Everybody has faced |
| 0:11.4 | challenges along the way. The difference between them and the rest of us is their ability to reinvent |
| 0:17.2 | themselves, to learn from the mistakes and what some would call failures, and make |
| 0:21.8 | something bigger and better out of it. That's the story of Walt Disney. I'm Patty Steele, from losing |
| 0:27.9 | his most prize creation, along with the team who helped him get there, to the birth of Mickey Mouse. |
| 0:34.2 | That's next on the backstory. This is an I-Heart podcast. Guaranteed human. |
| 0:43.3 | We're back with a backstory. Thomas Edison gave us a quote that always gives me hope when things aren't exactly going the way I hope they would. |
| 0:52.1 | He said, no activity is a failure, just an attempt to succeed. |
| 0:57.0 | It's all about never giving up, just not being afraid to reset your sails when the wind changes. |
| 1:03.2 | Okay, it's 1928. Walt Disney is sitting alone on a train out of New York City. He's staring out of |
| 1:09.8 | the window at the countryside rushing by. |
| 1:12.3 | He's exhausted, angry, and pretty much broke. |
| 1:16.0 | Now, keep in mind, at that moment, |
| 1:17.8 | there is no Walt Disney Empire, no Disneyland, no Mickey Mouse, |
| 1:22.2 | no billion-dollar movies or movie franchises. |
| 1:25.2 | He's just a 26-year-old animator who feels like his career might already |
| 1:29.3 | be over. And the most fascinating part of this, everything he would become was born because of the |
| 1:36.3 | business disaster he had just experienced. It was so devastating, it almost destroyed him. This was the |
| 1:42.6 | night Walt Disney almost lost everything. |
| 1:46.5 | Now, to understand the disaster that recreated him, we have to go back before Mickey Mouse even |
| 1:52.3 | existed. It's the 1920s, and animation is still pretty primitive. Cartoons are short, silent, |
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