Earlier quoted context omitted.
Plenty of Disney characters like Snow White or Cinderella have been public domain all the time without it hurting Disney.
I'm working on a "Pedophile Willy" adaptation of Steamboat Willy, complete with raw (stick figure) sex scenes and Willy promoting the "pedophile lifestyle". Lets see how that goes.
Nobody will care about your stick figures.
1960s underground comix did all that 50 years ago when it was still edgy.