Tokyo Disneyland and Tokyo DisneySea are the only Disney theme parks in the world that are not owned or operated by The Walt Disney Company. Instead, they are owned and operated by the Oriental Land Company (OLC), a Japanese corporation that pays licensing fees to Disney for the use of its intellectual property, characters, and "Imagineering" designs. This unique arrangement began in the early 1980s when Disney, uncertain about the success of an international park, preferred to license the brand rather than invest its own capital. Because OLC owns the parks, they have more flexibility in certain areas, such as food pricing and park maintenance, which many fans believe results in a superior guest experience. While Disney still provides the creative designs for new attractions (like the "Fantasy Springs" expansion at DisneySea), the ultimate financial control and day-to-day operations remain entirely with the Oriental Land Company, making the Tokyo Disney Resort a distinct entity in the global Disney portfolio.
The Walt Disney World Resort, also called Walt Disney World or Disney World, or simply abbreviated WDW, is an entertainment resort complex in Bay Lake and Lake Buena Vista, Florida, United States, near the cities of Orlando and Kissimmee.