The Walt Disney Company is an entertainment company. It operates in four segments: Media Networks, Parks, Experiences and Products, Studio Entertainment, Direct-to-Consumer & International. The Media Networks segment operates broadcast and cable television networks, domestic television stations, radio networks and stations. The Parks, Experiences and Products segment owns and operates theme parks, hotels, vacation club properties, retail, dining, and entertainment complexes, and other recreational facilities. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings, and live stage plays. The Direct-to-Consumer & International segment provides television channels, streaming services, and other digital content distribution platforms and services.