What if Nelvana Limited was founded in 1921?

In reality, we know Nelvana Limited was founded by Michael Hirsh, Patrick Loubert and Clive A. Smith in Canada in 1971. But in this AU idea where Nelvana was founded in 1921.

List of changes

 * Nelvana Limited would have been originally known as Valentine Productions (1921-1971), North Way Films (1935-1971), and then Nelvana Limited (1971–present).
 * Nelvana Limited would have its original founders named Rey Valentine, Arnold North, and Jerry Way (not real people, just made up).
 * Nelvana Limited would have been one of the biggest studios in Canada, along with Vancouver Films (filed for bankruptcy, but came back), Toronto Studios, Montreal Pictures, Entertainment One (until becomming American), Lionsgate Pictures (also until becoming American), Mount Temple Pictures, Winnipeg Pictures, Astral Films (until Corus bought it), and Whitehorse Pictures (until Vancouver bought it).
 * Nelvana Limited would distribute all the six Star Wars films in Canada until 2012 while 20th Century Fox distributed all of the first six films in the USA only.
 * also, Imagine if Fox didn't distribute all Star Wars films outside of the USA.
 * Nelvana Limited would been distributing it's feature films on it's own, rather than for the other companies.
 * Marilyn Monroe, Mickey Rooney, Clark Gable, Lauren Bcall, and Loreta Young would've been Nelvana's biggest golden age stars.
 * Nelvana would've distributed all Care Bears media rather than other companies.
 * Nelvana would've started as a film production studio before starting an animation studio in 1935.
 * Nelvana would've owned the Canadian rights to the RKO library.
 * Nelvana would've been the Canadian home entertainment distributors for MGM, Lionsgate, Weinstein (before Lantern bought it), Focus, Open Road (before merging with IM Global), Turner (before WB bought it) and Miramax.