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Following the decline of the cartoon in movie houses, some studios closed, while others were founded or reorganized specifically for the production of TV series. Although motion picture studios still produced a small number of shorts (Lantz worked until 1972, and the Pink Panther made its debut in the 1960s), their main concern became an ever-growing number of feature films. The fairy tale formula created by Walt Disney was continued after his death by his successors and was widely imitated, at times in an innovative manner (as in the already-mentioned Gay Purr-ee, directed in 1962 by Abe Levitow). Other artists, instead, like Ralph Bakshi, unhesitatingly took the path of adult feature films.
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