On November 20, 1964, Walt sold most of WED Enterprise to Walt Disney Productions for $3.8 million after being persuaded by Roy, who thought Walt having his own company would cause legal problems. Walt formed a new company called Retlaw to handle his personal business, primarily Disneyland Railroad and Disneyland Monorail. When the company started looking for a sponsor for the project, Walt renamed the City of Tomorrow, Experimental Prototype Community of Tomorrow (Epcot). Walt, who had been a heavy smoker since World War I, fell very sick and he died on December 15, 1966, aged 65, of lung cancer, at St. Joseph Hospital across the street from the studio.
On November 20, 1964, Walt sold most of WED Enterprise to Walt Disney Productions for $3.8 million after being persuaded by Roy, who thought Walt having his own company would cause legal problems. Walt formed a new compa,ny called Retlaw to handle his personal business, primarily Disneyland Railroad and Disneyland Monorail. When the company started looking for a sponsor for the project, Walt renamed the City of Tomorrow, Experimental Prototype Community of Tomorrow (Epcot). Walt, who had been a heavy smoker since World War I fell very sick and he died on December 15, 1966, aged 65, of lung cancer, at St. Joseph Hospital across the street from the studio.