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I think they would have a very strong case that using the mouse on a product is likely to confuse consumers about the origin of the product and therefore infringe on their trademark.
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Nah, Disney seems to be genuinely letting it go. Amazon and other sites are flooded with Steamboat Willie merchandise at this point.

In fact I play cornhole competitively, and last year I picked up a set of Steamboat Willie themed bags:

https://www.logiccornhole.com/products/steamboat-willie-colo...

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