Walt Disney Pictures (commonly known as Disney) is an American film production studio of The Walt Disney Studios, which The Walt Disney Company owns. The studio is the flagship producer of live-action feature films within the Walt Disney Studios unit and is based at the Walt Disney Studios in Burbank, California. Animated films produced by Walt Disney Animation Studios and Pixar Animation Studios are also released under this brand. Walt Disney Studios Motion Pictures distributes and markets the films produced by Walt Disney Pictures. Disney began producing live-action films in the 1950s, under the company's all-encompassing name, Walt Disney Productions. The live-action division took on its current incorporated name of Walt Disney Pictures in 1983 when Disney reorganized its entire studio division; which included the separation from the feature animation division and the subsequent creation of Touchstone Pictures. The 2019 remake of The Lion King is the studio's highest-grossing film worldwide with $1.6 billion. Pirates of the Caribbean is the studio's most successful franchise, with five films earning a total of over $4.5 billion in worldwide box office gross.