Walt Disney Co (DIS) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Walt Disney Co surfaced in its latest filing.

• Renewal negotiations with certain MVPDs and other distributors for contracts scheduled to expire in fiscal 2026 could lead to service blackoutsfiscal 2026
• In Q3 fiscal 2026, NFL Network and NFL RedZone were removed from Comcast Xfinity with no reinstatementQ3 fiscal 2026
• In Q1 fiscal 2026, the Company's channels were temporarily removed from YouTube TVQ1 fiscal 2026
• Copyright term for early works and specific early versions of characters expires at the end of the 95th calendar year after the date the copyright was originally secured in the United States
• Copyright term for the short film Steamboat Willie (1928) and early versions of characters depicted in this film have expired1928
• The Company's streaming services and technology are subject to patent infringement claims and litigation both in the United States and outside the United States
• A private securities class action lawsuit was filed in federal court against the Company and certain current and former senior management on behalf of certain purchasers of securities of the Company seeking unspecified damages, plus interest and costs and fees
• FCC ordered early license renewal applications for all owned television stations, filed on May 28, 2026, with a pending response that could adversely impact the CompanyMay 28, 2026
• 2022 U.S. and other countries sanctions against Russia, enhanced trade restrictions including new import prohibitions from certain regions, and state-level legislation targeting specific sectors and applying existing laws to new technologies like streaming and online commerce2022
• Tariffs announced with respect to and by certain U.S. trading partners could significantly impact results of operations by affecting macroeconomic environment, increasing costs, or reducing demand