Disney Investor Presentation Deck
Continued Innovation and Success Throughout the Business
Strategic Reorganization Across the Business Positions Disney for Future Growth
Combined Parks, Experiences and Products segment and established new Direct-to-Consumer & International segment
Restructuring capitalizes on the evolving media landscape and more directly aligns with Disney's priorities for future growth
Creates a more effective, global framework to serve consumers worldwide, increase growth, and maximize shareholder value
Continued Underlying Performance Across Each Individual Business Segment
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Media Networks
ACCN
Renegotiated affiliate
agreements for Disney
networks with key distribution
partners, resulting in new
agreements that cover about
50% of our subscriber base
Successfully launched the
ACC Network, featuring
approximately 450 live ACC
conference match-ups a year
21ST
CENTURY
FOX
hulu
Parks, Experiences
and Products
Disney
Parks, Experiences
and Products
Demonstrated success from
strategy of managing yield
to drive greater
profitability and enhancing
the guest experience
Opened Star Wars:
Galaxy's Edge at Walt
Disney World and
Disneyland
Studio Entertainment
WALT DISNEY
Studios
Walt Disney Studios set an
industry record in calendar
2019 with more than $11B
in global box office, including
the release of seven films
grossing over $1B
Continued stellar
performance of Marvel,
Pixar and Disney films,
including recent success of
record-breaking Frozen 2
Direct-to-Consumer &
International
Disney+
The most important strategic
initiative of 2019, Disney+
launched November 12th;
exemplifies Disney's strong
positioning for the future of
media and entertainment
ESPA+
Over 3.5 million paid
subscribers announced on
Q4 earnings call as of
November 7, 2019
Successful Integration of 21st Century Fox Assets and Realization of Synergies
▪ Fox acquisition completed March 20, 2019; we announced on prior earnings calls that we expect the
acquisition to be accretive to EPS before the impact of purchase accounting for fiscal 2021, and to realize
over $2 billion of cost synergies by fiscal 2021
Acquisition has added a number of critical elements to the DTC strategy, including control of Hulu,
which opens numerous growth opportunities, and access to a large library of quality content, IP, and talent
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