Simplify the following text for a Grade 11 native English-speaking person.
Original: Walt Disney Pictures is an American film studio owned by The Walt Disney Company . Walt Disney Pictures and Television , a subsidiary of the Walt Disney Studios and the main production company for live-action feature films within the Walt Disney Motion Pictures Group , based at the Walt Disney Studios , acquires and produces output that are released under the Walt Disney Pictures and Touchstone Pictures banners .
Simplified: Part of the Buena Vista Motion Pictures Group , the studio also has Walt Disney Feature Animation and DisneyToon Studios .