The Walt Disney Company operates as a diversified entertainment company worldwide. Its Media Networks segment comprises a domestic broadcast television network, television production and distribution operations, domestic television stations, cable/satellite networks, domestic broadcast radio networks and stations, and the Internet and mobile operations. It operates the ABC Television Network and 10 owned television stations, the ESPN Radio and Radio Disney networks, and 46 owned radio stations. This segment also produces, licenses, and distributes cable and animated television programming; and operates ABC-, ESPN-, ABC Family-, SOAPnet-, and Disney-branded Internet Web site businesses, as well as Club Penguin, an online virtual world for kids. The company’s Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida that includes theme parks; hotels; vacation ownership units; a retail, dining, and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; and water parks. This segment also owns and operates Disneyland Resort in California, Disney Vacation Club, Disney Cruise Line, and ESPN Zone facilities; manages Disneyland Resort Paris and Hong Kong Disneyland Resort; licenses the operations of the Tokyo Disney Resort in Japan; and designs and develops new theme park concepts, attractions, and resort properties. The company’s Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video programming, musical recordings, and live stage plays. The company’s Consumer Products segment licenses Disney characters, and visual and literary properties to manufacturers, retailers, show promoters, and publishers; and publishes books and magazines, computer software, and video game products. This segment markets its products through its own and licensed retail stores and through a Web site. The company was founded in 1923 and is based in Burbank, California.
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