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The Walt Disney Company is an American multinational mass media and entertainment conglomerate headquartered in Burbank, California. Founded in 1923 as an animation studio, it has since diversified into film production, television and theme parks. Its film studio, Walt Disney Studios, is one of the best-known studios in American cinema, and it also owns Marvel Entertainment and Lucasfilm. The company owns television networks such as ABC and ESPN, as well as 14 theme parks around the world.