The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.
Disney's 2024 10-K risk factors reflect heightened macroeconomic concerns, with seven new risks added covering economic conditions, foreign exchange volatility, interest rates, and financial market impacts - none of which appeared in the 2023 filing. Seventeen existing risks underwent substantive modifications, with particular emphasis on streaming service challenges, employee cost pressures, and integration costs from major acquisitions like NBCU's Hulu stake and TFCF. The company eliminated no risk disclosures while maintaining five unchanged risks, indicating a net expansion and recalibration of disclosed risk exposure without any risks being deemed resolved or immaterial.
Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.
🟢 New in Current Filing
Declines in U.S., global and regional economic conditions adversely affect the profitability of our businesses.
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🟢 New in Current Filing
Fluctuations in foreign currency exchange rates impact our revenues and the profitability of our businesses.
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🟢 New in Current Filing
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🟢 New in Current Filing
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🟢 New in Current Filing
Potential credit ratings actions, increases in interest rates, or volatility in the U.S. and global financial markets could impede access to, or increase the cost of, financing our operations and investments.
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🟢 New in Current Filing
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🟢 New in Current Filing
The success of our businesses is highly dependent on the existence and maintenance of intellectual property rights in the entertainment products and services we create.
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🟡 Modified
We face risks related to costs and expenses in connection with the acquisition of NBC Universal’s (NBCU) equity interest in Hulu and the TFCF acquisition.
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🟡 Modified
Our operations are impacted by our ability to attract and retain employees and costs of employee wages and health, welfare and retirement benefits, including postretirement medical benefits for some employees and retirees, may reduce our profitability.
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🟡 Modified
Various risks may impact the success of our DTC streaming services.
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🟡 Modified
Increased competitive pressures impact our revenues, increase our costs and impact the profitability of our businesses.
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🟡 Modified
We face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products, which impact demand for our entertainment offerings and products and the profitability of our businesses.
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🟡 Modified
We face risks related to environmental, social and governance matters and any related reporting obligations.
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🟡 Modified
We face risks related to damage to our reputation or brands.
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🟡 Modified
We face risks related to changes in our business strategy, which have affected and may continue to affect our cost structure, the profitability of our businesses and/or the value of our assets.
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🟡 Modified
Labor disputes disrupt our operations and adversely affect the profitability of our businesses.
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🟡 Modified
A variety of uncontrollable events disrupt our businesses, reduce demand for or consumption of our products and services, impair our ability to provide our products and services or increase the cost or reduce the profitability of providing our products and services.
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🟡 Modified
We face risks related to the renewal of long-term programming or distribution contracts on sufficiently favorable terms.
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🟡 Modified
The seasonality of certain of our businesses and timing of certain of our product offerings could exacerbate negative impacts on our operations.
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🟡 Modified
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🟡 Modified
Regulations applicable to our businesses impact the profitability of our businesses.
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🟡 Modified
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🟡 Modified
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🟡 Modified
Cybersecurity and other data compromises and/or attempted compromises increase our costs, disrupt our services and business plans, lead to the disclosure of our confidential information, including unauthorized use of our intellectual property, and negatively impact our reputation.
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