Toon Disney Scandinavia is owned by a company founded in what year?
The Walt Disney Company 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 brothers 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 and 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.
Walt Disney Parks and Resorts Walt Disney Parks and Resorts, officially Walt Disney Parks and Resorts Worldwide, Inc. and informally known as Disney Parks, is one of The Walt Disney Company's four major business segments and a subsidiary. The company is responsible for the conception, building, and managing of its theme parks and vacation resorts, as well as a variety of family-oriented leisure enterprises. It was founded in 1971, following the opening of Magic Kingdom at Walt Disney World in Florida.