The studio, one of the “Big Five” major film studios and best known for its multi-faceted film divisions, is based at the eponymous Walt Disney Studios in Burbank, California. Founded in 1923, it is the fourth-oldest among the major studios.
Under the Walt Disney Studios division are notable film production companies including Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, 20th Century Fox, Fox Searchlight Pictures, and Blue Sky Studios. Films produced by these studios are released and distributed by Walt Disney Studios Motion Pictures.
The studio entertainment business alone (live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays) brought in $8.379 billion in 2017. The studio had six of the top ten highest grossing films of all time at the worldwide box office, and the two highest grossing film franchises of all time.
The Walt Disney Studios is a member of the Motion Picture Association. On May 2, 2019, president Alan Bergman was promoted to co-chairman while Alan Horn added the new title of the studio’s chief creative officer.1