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, Winnipeg Pictures, Astral Films, and Whitehorse Pictures (until Vancouver bought it).