Read the following passage and answer if the question is true or false.
Passage: Dine Brands Global Inc, formerly DineEquity Inc., and before that IHOP Corporation, is an American company that franchises and operates IHOP and Applebee's restaurants. The company is headquartered in Glendale, California.

Question: is ihop and applebee's owned by the same company?

Is the answer True or False? Respond with only "True" or "False" and no additional text.
True.