The Walt Disney Company,
commonly known as Disney,
is an American diversified multinational mass media and
entertainment conglomerate, headquartered at the Walt Disney Studios in Burbank,
California. It is the world's second largest media conglomerate in terms of
revenue, after Comcast. 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 the
theater, radio, music, publishing and online media.
