Walt Disney is a global media conglomerate that owns various television networks, production companies, and theme parks. It is vertically integrated across production, distribution, and consumption. Disney owns TV networks like ABC and cable channels like Disney Channel and ESPN. It has expanded through acquiring other media companies and now competes primarily with 21st Century Fox, Time Warner, and NBC Universal for market share. While successful in reaching large audiences worldwide, Disney has also faced some scandals over the years related to accusations of anti-Semitism and controversies surrounding artists it promotes.