The Walt Disney Company, commonly known as Disney, 1 on October 16, 1923, by Walt Disney and Roy O. Disney as the Disney Brothers Cartoon Studio, and 2 itself as a leader in the American animation industry before diversifying into live-action film production, television, and theme parks. The company 3 for the products of its film studio, the Walt Disney Studios, which is today one of the largest and best-known studios in Hollywood.