The Walt Disney Company owns companies.
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 . 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 . Walt Disney . Nevertheless , Disney is considered a cultural icon , particularly in the United States , where the company he co-founded is one of the world 's largest and best-known entertainment companies .