The Walt Disney Company is an American mass media conglomerate. Established in 1923 as an animation studio by Walter and Roy Disney, the company became a leading Hollywood live-action studio, owning 14 theme parks and 2 water parks, as well as several broadcasting and cable television networks. Disney is mostly known for its film studio, which is one of the biggest and most well-renowned studios in the cinema industry.
Disney is also engaged in the field of theater, music, radio, publishing and online media. In addition, it has a corporate division to market more mature material related to its flagship-oriented brands. Disney is the second-largest broadcasting and cable television company by revenue in the world. It is among the component companies of the Dow Jones Industrial Average.
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