The Walt Disney Company, established in 1923, is a global entertainment conglomerate headquartered in Burbank, California. It operates in three primary segments: entertainment, sports, and experiences. The entertainment segment encompasses Walt Disney Studios, which produces, markets, and distributes live-action and animated motion pictures, as well as television content. This includes the ABC broadcast network, several cable television networks, and the streaming services Disney+ and Hulu. The sports segment is led by ESPN, which offers sports coverage and the ESPN+ streaming service. The experiences segment, primarily represented by Walt Disney World, provides various entertainment and hospitality services, including theme parks, resorts, and cruise lines. The company's extensive portfolio of brands, including iconic characters and franchises, differentiates its content, services, and consumer products, driving creative, innovative, and profitable entertainment experiences worldwide.