What if New World Pictures has founded in 1959?

It's obvious to realize that New World Pictures didn't get its own studio until the 1970, in real life. But hey, at least this old-time version can make you imagine if New World does, right?

Mel-O-Toons has aired in January - May 1960, from New World Pictures and is distributed by United Artists Releasing (now owned and distributed by MGM).