What if Disney and Iwerks merged to One studio in early 1935?

We all knew that Ub Iwerks Studios was sold in November 1935 before Iwerks returned to Disney. After that, Ub Iwerks developed special visual effects Song of the South (1946) and Alice in Wonderland (1951).
But what if Both Disney and Iwerks studios merged back in March 1935? Here's what might have happened.
== Changes ==
* Walt Disney would've never smoked at all and made many more animated features until his death on June 30, 1996.
* Tim Burton's Alice in Wonderland remake would be a 2003 animated film sequel to the original Alice in Wonderland.
* Disney would't make more live-action remakes, making 102 Dalmatians the last one. 
* The Maleficent films wouldn't exist.
* Mufasa: The Lion King would be made as a traditional animated film instead of the photorealistic CGI one.
* Alice Through the Looking Glass, The BFG, Christopher Robin, A Wrinkle in Time, The Nutcracker and the Four Realms, the Kim Possible film, Artemis Fowl, and the Cruella films would be produced as animated films.
* Chip and Dale would have high pitched voices more often in their 2022 film.
* Some Disney sequels, like Cinderella 2: Dreams Come True, would have been well received.
** Mushu would keep the personality he had in the first film.
** The Phoenix from the Mulan remake (which would appear as Mushu's girlfriend) would appear in Mulan 2.
** Belle's Magical World would have been a TV series instead of a direct-to-video film.
* More Disney animated sequels would've been produced and never get cancelled.
** Red Queen, White Queen, and Jabberwocky would've appeared in Alice's Return to Wonderland (2003) and Alice Through the Looking Glass (2016).
** V.A. Vandevere, Holt, Joe, and Milly would've appeared in Dumbo 2.
* Song of the South would've been released on home media in the USA.
* Touchstone Pictures would've not been dormant.
** Both Broad Green Pictures and Neon won't exist, having their films produced by Disney under the Touchstone Pictures label.
* Hellas Kosmos Video would've remained open.
** It would've also been a Greek home media unit of Disney.
** Disney+ Greece would've been known as Hellas Kosmos VOD.
* DisneyToon Studios would remain open.
** Ralph Breaks the Internet and Frozen II would've produced by DisneyToon Studios.
* Disney Interactive Studios would remain open.
* Disney Circle 7 would remain open and being a division of Pixar after Disney brought Pixar.
* The Planes films would have been produced by Pixar instead of DisneyToon Studios, since the Planes films were part of Cars universe.
* Metro would be produced, but would also be produced by Pixar.
== Filmography ==
Category:Disney
Category:What if