Premise: The Walt Disney Company , commonly known as Disney , is an American diversified multinational mass media and entertainment conglomerate , headquartered at the Walt Disney Studios in Burbank , California . Walt Disney . He moved to California in the early 1920s and set up the Disney Brothers Studio with his brother Roy . Nevertheless , Disney is considered a cultural icon , particularly in the United States , where the company he co-founded is one of the world 's largest and best-known entertainment companies .
Hypothesis: Walt Disney founded a company headquartered in California.
Label: ENTAILMENT