The Walt Disney Company is a diversified entertainment company incorporated in Delaware and listed on the New York Stock Exchange as DIS. In its Form 10-K for the fiscal year ended 27 September 2025 it describes itself as operating “in three segments: Entertainment, Sports and Experiences.”
What the Entertainment segment contains
The Entertainment segment covers Disney’s non-sports film and television production and distribution. Its Linear Networks line comprises, domestically, the ABC Television Network, eight owned ABC television stations, and the Disney, Freeform, FX and National Geographic branded channels — National Geographic being 73% owned — plus a 50% equity investment in A+E Global Media, formerly A+E Television Networks. Its Direct-to-Consumer line comprises Disney+, described as “a global direct-to-consumer service that primarily offers general entertainment and family programming,” and Hulu, “a U.S. DTC service that offers general entertainment programming and a virtual multi-channel video programming” service.
Relevance to digital political discourse
Disney’s significance for this record is structural rather than editorial: through the Entertainment segment it owns a national broadcast news operation, ABC News, alongside eight local stations and two large streaming services. Ownership of a news division, its local affiliates and the streaming platforms that redistribute its output within a single reportable segment places editorial and distribution decisions under one corporate roof.
Sources
- 01.
U.S. Securities and Exchange Commission. The Walt Disney Company, Form 10-K for the fiscal year ended 27 September 2025. (2025). Source for the three reportable segments (Entertainment, Sports, Experiences), the composition of the Entertainment segment's Linear Networks line — the ABC Television Network, eight owned ABC television stations, and the Disney, Freeform, FX and National Geographic channels (National Geographic 73% owned) — the 50% equity investment in A+E Global Media, and the descriptions of Disney+ and Hulu as direct-to-consumer services.
- 02.
U.S. Securities and Exchange Commission. Walt Disney Co — EDGAR filer record, CIK 0001744489. Source for the registrant's EIN 83-0940635, Delaware incorporation, NYSE listing under ticker DIS, and SIC classification 7990.