Disney Cruise Line is an American cruise line company owned and operated by Walt Disney Parks and Resorts, a division of The Walt Disney Company and is headquartered in Celebration, Florida. The business is run by President Karl Holz. Disney Cruise Line operates the Disney Cruise Line Terminal, which homeports the Disney Magic and the Disney Dream. The Disney Wonder is homeported in Los Angeles (Miami, Florida in 2012). In 2012, it is estimated Disney Cruise Lines will own nearly 3% share of the worldwide cruise market.