The Walt Disney Company has owned and operated several animation studios since the company's founding on October 16, , by Walt and Roy Disney as the Disney Brothers Cartoon Studio; the current Walt Disney Animation Studios in Burbank, California is the company's flagship feature animation studio and claims heritage from this original studio. Adding to the growth of the company and its motion picture studio division The Walt Disney Studios , several other animation studios were added through acquisitions and through openings of satellite studios outside the United States. These expanded the company's animation output into television, direct-to-video , and digital releases, in addition to its primary feature animation releases. This article does not include other animation studios whose films were released by Walt Disney Studios Motion Pictures the company's distribution unit and not acquired by the company, nor does it count the Laugh-O-Gram Studio —23 , Disney's first animation studio, which predated the founding of The Walt Disney Company. For example, certain Studio Ghibli films were distributed by Disney internationally but never owned by the company. Founder with investment firms backing purchased the company in In January , Disney initiated a reorganization of its theatrical and animation units to improve resource usage and continued focus on new characters and franchise development.
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