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The Walt Disney Company is an American diversified multinational mass media corporation headquartered in Burbank, California. It is the largest media conglomerate in the world in terms of revenue. 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 travel.The company operates under the names Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, and Touchstone Pictures. Disney also owns and operates the ABC broadcast network, cable television networks such as Disney Channel, ESPN, A&E Networks, and Freeform, and radio network ESPN Radio. The company has been a component of the Dow Jones Industrial Average since May 6, 1991.
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