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 . Disney was founded on October 16 , 1923 -- by brothers Walt Disney and Roy O. Disney -- as the Disney Brothers Cartoon Studio , and established itself as a leader in the American animation industry before diversifying into live-action film production , television , and theme parks . Walt Disney . He moved to California in the early 1920s and set up the Disney Brothers Studio with his brother Roy .
Hypothesis: Walt Disney founded a company headquartered in California.
Label: ENTAILMENT