Disney Files 8-K on Material Impairments and Regulation FD Disclosure

TL;DR

**Disney just dropped an 8-K about material impairments and Regulation FD, so keep an eye out for what that means for their financials!**

AI Summary

The Walt Disney Company filed an 8-K on February 28, 2024, reporting on Material Impairments and Regulation FD Disclosure. The filing indicates that the company, based in Burbank, California, with IRS Employer Identification No. 83-0940635, is providing current report information pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. This 8-K also includes Financial Statements and Exhibits, with the earliest event reported on February 28, 2024.

Why It Matters

This filing signals potential financial adjustments or significant information being disclosed to the public, which could impact investor perception and the company's valuation.

Risk Assessment

Risk Level: medium — The mention of "Material Impairments" suggests potential write-downs or losses that could negatively affect the company's financial performance.

Key Players & Entities

• Walt Disney Co (company) — Registrant
• February 28, 2024 (date) — Date of Report and Earliest Event Reported
• Burbank, California (location) — Principal Executive Offices
• 83-0940635 (number) — IRS Employer Identification No.
• 001-38842 (number) — Commission File Number

FAQ

From the Filing

0001193125-24-049404.txt : 20240228 0001193125-24-049404.hdr.sgml : 20240228 20240228084902 ACCESSION NUMBER: 0001193125-24-049404 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20240228 ITEM INFORMATION: Material Impairments ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Walt Disney Co CENTRAL INDEX KEY: 0001744489 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 830940635 STATE OF INCORPORATION: DE FISCAL YEAR END: 0928 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38842 FILM NUMBER: 24690469 BUSINESS ADDRESS: STREET 1: 500 SOUTH BUENA VISTA STREET CITY: BURBANK STATE: CA ZIP: 91521 BUSINESS PHONE: (818) 560-1000 MAIL ADDRESS: STREET 1: 500 SOUTH BUENA VISTA STREET CITY: BURBANK STATE: CA ZIP: 91521 FORMER COMPANY: FORMER CONFORMED NAME: TWDC Holdco 613 Corp. DATE OF NAME CHANGE: 20180702 FORMER COMPANY: FORMER CONFORMED NAME: TWDC Holdco 613 Corp DATE OF NAME CHANGE: 20180622 8-K 1 d800554d8k.htm 8-K 8-K Walt Disney Co false 0001744489 0001744489 2024-02-28 2024-02-28     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 28, 2024     The Walt Disney Company (Exact name of registrant as specified in its charter)       Delaware   001-38842   83-0940635 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 500 South Buena Vista Street Burbank , California 91521 (Address of Principal Executive Offices and Zip Code) (818) 560-1000 (Registrant’s telephone number, including area code) Not applicable (Former name or address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value   DIS   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 2.06 Material Impairments. On February 28, 2024, Star India Private Limited (“Star India”), a subsidiary of The Walt Disney Company (the “Company”), Reliance Industries Limited (“RIL”) and Viacom 18 Media Private Limited (“Viacom18”), which is currently majority owned and controlled by RIL, entered into binding definitive agreements to form a joint venture (“JV”) that will combine the businesses of Viacom18