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
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, 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
online media.