The Walt Disney Company DIS commonly known as Disney is the best loved media and entertainment company in the world headquarter is located at the Walt Disney Studios in Burbank California This company is the world's second largest media conglomerate in terms of revenue after Comcast It was founded on October 16 1923 by brothers Walt Disney and Roy O Disney By diversifying into live action film production and television from the animation industry Disney has created corporate division and operated a vast international entertainment empire in four business sections including Disney Media Networks Walt Disney Theme Parks and Resorts Walt Disney Studio Entertainment and Disney Consumer Products Interactive Media 1 0 1 Company Units Media network is a primary unit of The Walt Disney Company that includes various cable channels and broadcast TV networks television production and distribution operations and also owned the operated television stations and radio stations The Company's Walt Disney Imagineering unit for Parks and Resorts designs and develops new theme park concepts and features especially the resort properties The Studio Entertainment segment produces and acquires live action and animation pictures direct to video content music and songs and live stage plays