No, Disney does not own Frito-Lay. Frito-Lay is a wholly owned subsidiary of PepsiCo, a multi-national food and beverage giant. The confusion often arises because Disney and Frito-Lay (and PepsiCo) have had numerous long-standing marketing partnerships over the decades. For example, Pepsi products are the exclusive soft drinks served in many international Disney parks (though Coca-Cola holds the contract for the US parks), and Frito-Lay snacks are frequently sold throughout Disney properties. Frito-Lay was formed in 1961 when the Frito Company and H.W. Lay & Company merged, and it was later acquired by Pepsi-Cola in 1965 to form PepsiCo. While Disney owns a staggering array of intellectual property and companies—including Marvel, Star Wars, Pixar, and 20th Century Studios—they have not ventured into the large-scale snack manufacturing industry. Frito-Lay remains a separate corporate entity, continuing its dominance in the global snack market with brands like Lay's, Doritos, Cheetos, and Tostitos.