The Walt Disney Company owns numerous companies.
A&E Networks ( branded as A+E Networks ) is an American media company that owns a group of television channels available via cable & satellite in the U.S. and abroad . The American Broadcasting Company ( ABC ) is an American English language commercial broadcast television network that is owned by the Disney -- ABC Television Group , a subsidiary of the Disney Media Networks division of The Walt Disney Company . The Walt Disney Company . Disney also owns and operates the ABC broadcast television network ; cable television networks such as Disney Channel , ESPN , A+E Networks , and Freeform ; publishing , merchandising , music , and theatre divisions ; and owns and licenses 14 theme parks around the world .