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'''The Walt Disney Company''', commonly known as '''Disney''', is an American diversified [[Multinational corporation|multinational]] [[mass media]] and entertainment [[Media conglomerate|conglomerate]], headquartered at the [[Walt Disney Studios (Burbank)|Walt Disney Studios]] in [[Burbank, California|Burbank]], California. It is the world's second largest media conglomerate in terms of revenue, after [[Comcast]].<ref>{{cite news|url=http://money.cnn.com/2009/02/09/news/companies/disney_dreamworks.fortune/?postversion=2009020914 |title=Why Disney wants DreamWorks |publisher=CNN/Money |date=February 9, 2009 |accessdate=February 9, 2009 |first=Richard |last=Siklos |deadurl=yes |archiveurl=https://web.archive.org/web/20090610042131/http://money.cnn.com/2009/02/09/news/companies/disney_dreamworks.fortune/?postversion=2009020914 |archivedate=June 10, 2009 }}</ref> Disney was founded on October 16, 1923 – by brothers [[Walt Disney]] and [[Roy O. Disney]] – as the '''Disney Brothers Cartoon Studio''', and established itself as a leader in the American animation industry before diversifying into live-action film production, television, and theme parks. The company also operated under the names '''The Walt Disney Studio''' and then '''Walt Disney Productions'''. Taking on its current name in 1986, it expanded its existing operations and also started divisions focused upon theater, radio, music, publishing, and [[Digital media|online media]].
 
In addition, Disney has since created corporate divisions in order to market more mature content than is typically associated with its flagship family-oriented brands. The company is best known for the products of its film studio, [[Walt Disney Studios (division)|Walt Disney Studios]], which is today one of the [[Major film studio|largest and best-known studios]] in [[Cinema of the United States|American cinema]]. Disney's other three main divisions are [[Walt Disney Parks and Resorts]], Disney Media Networks, and [[Disney Consumer Products and Interactive Media]].<ref name="disneybiz">{{cite web|title=List of Disney Businesses |url=https://thewaltdisneycompany.com/about/#our-businesses |accessdate=10 June 2016 |deadurl=no |archiveurl=https://web.archive.org/web/20160505063818/https://thewaltdisneycompany.com/about/ |archivedate=May 5, 2016 }}</ref> Disney also owns and operates the [[American Broadcasting Company|ABC]] broadcast television network; cable television networks such as [[Disney Channel]], [[ESPN]], [[A&E Networks|A+E Networks]], and [[Freeform (TV channel)|Freeform]], and [[21st Century Fox]]; publishing, [[merchandising]], music, and theater divisions; and owns and licenses [[Walt Disney Parks and Resorts|14 theme parks around the world]].<ref>{{Cite web|url=https://disneyworld.disney.go.com/destinations/ |title=Parks & Destinations {{!}} Walt Disney World Resort |website=disneyworld.disney.go.com |language=en |access-date=2017-06-15 |deadurl=no |archiveurl=https://web.archive.org/web/20170202114300/https://disneyworld.disney.go.com/destinations/ |archivedate=February 2, 2017 }}</ref><ref>{{Cite news|url=https://www.forbes.com/sites/csylt/2014/07/14/the-secrets-behind-disneys-2-2-billion-theme-park-profits/#271d2ecd584f |title=The Secrets Behind Disney's $2.2 Billion Theme Park Profits |last=Sylt |first=Christian |work=Forbes |access-date=2017-06-15 |deadurl=no |archiveurl=https://web.archive.org/web/20170215130839/https://www.forbes.com/sites/csylt/2014/07/14/the-secrets-behind-disneys-2-2-billion-theme-park-profits/ |archivedate=February 15, 2017 }}</ref> The company has been a component of the [[Dow Jones Industrial Average]] since May 6, 1991. [[Mickey Mouse]], a cartoon created in 1928, is a primary symbol and [[mascot]] for Disney.<ref>{{cite web|title=Walt Disney Studios History|url=http://studioservices.go.com/disneystudios/history.html|website=Walt Disney Studios|accessdate=21 September 2017}}</ref>
 
== Corporate history ==