The American Broadcasting Company (ABC) is owned by The Walt Disney Company. Disney has owned ABC since 1996 following a merger deal worth $19 billion announced in 1995 and completed in early 1996. ABC operates as a division under Disney Entertainment, which is a major part of The Walt Disney Company. Besides ABC, Disney also owns other networks like Disney Channel, ESPN, FX, National Geographic, and several film studios including Marvel Studios and Lucasfilm, among others. ABC's headquarters are in New York City, with additional operations in Burbank, California.