Final answer:
The statement is False. Technicolor was not developed by Disney, but instead by a company called Technicolor Motion Picture Corporation.
Step-by-step explanation:
The statement is False. Technicolor was not developed by Disney, but instead by a company called Technicolor Motion Picture Corporation. Disney did utilize Technicolor in their films, but they were not the first animator to do so. Technicolor was a three-color process that was used for color cinematography, and it was first introduced in the late 1920s. Disney had an exclusive contract with Technicolor for the first three years of its introduction, but they were not the ones who developed the process.