Fred's Pictures are a parody of The Walt Disney Company, and to a lesser extent, Pixar. Their mascot is a 1930's-styled wolf who looks similar to Mickey Mouse. Fred's Pictures is owned by Fred Quincy.
Unlike Disney, who make family friendly films, Fred's Pictures is a polar opposite of that, making films that deal with more adult subjects while containing profanity, dark imagery, and sexually explicit scenes. However, it is rumored that there are hidden images of dark and sexual imagery within many of Walt Disney's films; therefore Fred's Pictures may be a play on those imageries.
According to an internet news article after the mission Unknowing the Truth, a wild celebrity party was held in the Gentry Manor Hotel and the celebrities that took party on it were recording the voice overs for a Fred's Pictures incoming animated movie called Dingleberry.