The Walt Disney Company operates as an entertainment company worldwide. The Company operates through three segments: Entertainment, Sports, and Experiences. The Company produces and distributes film and television video streaming content through its ABC Television Networks, Disney, Freeform, FX, Fox, National Geographic and Star branded television channels, ABC Television Stations and A+E Television Networks; produces original content under its ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twenty Century Studios, 20th Television and Walt Disney Pictures brands; offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, Hulu and Star+; sports-related entertainment services through ESPN, ESPN on ABC, ESPN+ DTC and Star; sells/licenses film and episodic content to third-party television and VOD services; and offers theatrical, home entertainment and music distribution services. Its activities include DVD and Blu-ray discs, electronic home video licensing, VOD rental services, staging and licensing of live entertainment events, and post-production services. Additionally, it operates theme parks and resorts, including Walt Disney World Resort, Disneyland Resort, Disneyland Paris, Hong Kong Disneyland Resort, Shanghai Disney Resort, Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, Adventures by Disney, and Aulani, a Disney Resort and Spa in Hawaii. It also licenses intellectual property to third parties for its operation of Tokyo Disney Resort; licenses trade names, character, visual, literary and other intellectual property for use in merchandise, publications and games; operates a home satellite distribution platform; sells branded merchandise through retail, online and wholesale businesses; and develops and publishes books, comics and magazines. The company was founded in 1923 and is based in Burbank, California.
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