The Walt Disney Studios is an American film studio, and one of five major business segments of The Walt Disney Company. The studio, known for its multi-faceted film division, which is one of Hollywood's major film studios, is based at the Walt Disney Studios in Burbank, California. Walt Disney Studios' film division is a member of the Motion Picture Association of America (MPAA). The Studios generated an estimated income of $722 million during the 2012 fiscal year.