\r\n21CF<\/u>
1211 Avenue of Americas
New York, NY 10036
Attention: Investor Relations
1 (212) 852 7059<\/td>\r\n | Disney<\/u>
c\/o Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
Attention: Disney Shareholder Services
1 (855) 553 4763<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nParticipants in the Solicitation<\/u><\/strong><\/div>\r\n21CF, Disney and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding 21CF’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in 21CF’s Annual Report on Form 10-K for the year ended June 30, 2017 and its proxy statement filed on September 28, 2017, which are filed with the SEC. Information regarding Disney’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in Disney’s Annual Report on Form 10-K for the year ended September 30, 2017 and its proxy statement filed on January 13, 2017, which are filed with the SEC. A more complete description will be available in the registration statement on Form S-4, the joint proxy statement\/prospectus and the registration statement of SpinCo.<\/div>\r\n No Offer or Solicitation<\/u><\/strong><\/div>\r\nThis communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.<\/div>\r\n Cautionary Notes on Forward Looking Statements<\/u><\/strong><\/div>\r\nThis communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements, including the failure to consummate the proposed transaction or to make any filing or take other action required to consummate such transaction in a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction may not occur on the anticipated terms and timing or at all, (ii) the required regulatory approvals are not obtained, or that in order to obtain such regulatory approvals, conditions are imposed that adversely affect the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction, (iii) the risk that a condition to closing of the transaction may not be satisfied (including, but not limited to, the receipt of legal opinions and rulings with respect to the treatment of the transaction under U.S. and Australian tax laws), including a legal opinion on the tax-free treatment of the transaction to 21CF’s stockholders, (iv) the risk that the anticipated tax treatment of the transaction is not obtained, (v) an increase or decrease in the anticipated transaction taxes (including due to any changes to tax legislation and its impact on tax rates (and the timing of the effectiveness of any such changes)) to be paid in connection with the Separation prior to the closing of the transactions could cause an adjustment to the exchange ratio, (vi) potential litigation relating to the proposed transaction that could be instituted against 21CF, Disney or their respective directors, (vii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transactions, (viii) risks associated with third party contracts containing consent and\/or other provisions that may be triggered by the proposed transaction, (ix) negative effects of the announcement or the consummation of the transaction on the market price of Disney’s common stock, (x) risks relating to the value of the Disney shares to be issued in the transaction and uncertainty as to the long-term value of Disney’s common stock, (xi) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of Disney’s operations after the consummation of the transaction and on the other conditions to the completion of the merger, (xii) the risks and costs associated with, and the ability of Disney to, integrate the businesses successfully and to achieve anticipated synergies, (xiii) the risk that disruptions from the proposed transaction will harm 21CF’s or Disney’s business, including current plans and operations, (xiv) the ability of 21CF or Disney to retain and hire key personnel, (xv) adverse legal and regulatory developments or determinations or adverse changes in, or interpretations of, U.S., Australian or other foreign laws, rules or regulations, including tax laws, rules and regulations, that could delay or prevent completion of the proposed transactions or cause the terms of the proposed transactions to be modified, (xvi) as well as management’s response to any of the aforementioned factors.These risks, as well as other risks associated with the proposed transactions, will be more fully discussed in the joint proxy statement\/prospectus that will be included in the registration statement on Form S-4 that will be filed with the SEC in connection with the proposed transactions, as well as in the registration statement filed with respect to SpinCo. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 and the registration statement of SpinCo are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on 21CF’s or Disney’s consolidated financial condition, results of operations, credit rating or liquidity. Neither 21CF nor Disney assumes any obligation to publicly provide revisions or updates to any forward looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.<\/div>\r\n The financial information in this presentation includes financial information that is not presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Non-GAAP financial measures, including EBITDA, may be considered in addition to GAAP financial information, but should not be used as substitutes for the corresponding GAAP measures. Non-GAAP measures in this presentation may be calculated in a way that is not comparable to similarly titled measures reported by other companies.<\/div>\r\n<\/div>","DocumentFileSize":"387 KB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2017\/12\/TransactionConfCall-2017-12-14.pdf","EventId":1500,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2017\/Transaction-Call\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53240,"SeoName":"Transaction-Call","TagsList":null,"TimeZone":"ET","Title":"Transaction Call","WebCastLink":"","WorkflowId":"6e9996ed-bb29-420d-b186-6d76837c6045","EndDate":"12\/14\/2017 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"12\/14\/2017 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"407 KB","Title":"Press Release","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/02\/q1-fy18-earnings.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"387 KB","Title":"Financial Reconciliations","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/02\/reconciliation_q1_fy18.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"544 KB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/02\/q1-fy18-earnings-transcript-1.pdf"}],"Body":" <\/p>\r\n <\/p>\r\n <\/p>\r\n Important Information About the Transaction with 21CF and Where to Find It<\/u><\/strong><\/p>\r\nIn connection with the proposed transaction between The Walt Disney Company (“Disney”) and Twenty-First Century Fox, Inc. (“21CF”), Disney and 21CF have filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that includes a joint proxy statement of Disney and 21CF that also constitutes a prospectus of Disney. 21CF will file with the SEC a registration statement for a newly formed subsidiary (“SpinCo”), which is contemplated to own certain assets and businesses of 21CF not being acquired by Disney in connection with the proposed transaction. 21CF and Disney may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the joint proxy statement\/prospectus or registration statement or any other document which 21CF or Disney may file with the SEC. INVESTORS AND SECURITY HOLDERS OF 21CF AND DISNEY ARE URGED TO READ THE REGISTRATION STATEMENTS, THE JOINT PROXY STATEMENT\/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS.<\/strong> Investors and security holders may obtain free copies of the registration statements and the joint proxy statement\/prospectus and other documents filed with the SEC by 21CF and Disney through the web site maintained by the SEC at www.sec.gov<\/a> or by contacting the investor relations department of:<\/div>\r\n\r\n\r\n\r\n21CF<\/u>
1211 Avenue of Americas
New York, NY 10036
Attention: Investor Relations
1 (212) 852 7059<\/td>\r\n | Disney<\/u>
c\/o Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
Attention: Disney Shareholder Services
1 (855) 553 4763<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nParticipants in the Solicitation<\/u><\/strong><\/div>\r\n21CF, Disney and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding 21CF’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in 21CF’s Annual Report on Form 10-K for the year ended June 30, 2017 and its proxy statement filed on September 28, 2017, which are filed with the SEC. Information regarding Disney’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in Disney’s Annual Report on Form 10-K for the year ended September 30, 2017 and its proxy statement filed on January 12, 2018, which are filed with the SEC. A more complete description is included in the registration statement on Form S-4, the joint proxy statement\/prospectus and will be included in the registration statement of SpinCo.<\/div>\r\n No Offer or Solicitation<\/u><\/strong><\/div>\r\nThis communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.<\/div>\r\n Forward Looking Statements<\/u><\/strong><\/div>\r\nManagement believes certain statements in the foregoing materials may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.<\/div>\r\n Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions), as well as from developments beyond the Company’s control, including:<\/div>\r\n \r\n \r\n- changes in domestic and global economic conditions, competitive conditions and consumer preferences;<\/li>\r\n
- adverse weather conditions or natural disasters;<\/li>\r\n
- health concerns;<\/li>\r\n
- international, political, or military developments; and<\/li>\r\n
- technological developments.<\/li>\r\n<\/ul>\r\n<\/div>\r\n
Such developments may affect entertainment, travel and leisure businesses generally and may, among other things, affect:<\/div>\r\n \r\n \r\n- the performance of the Company’s theatrical and home entertainment releases;<\/li>\r\n
- the advertising market for broadcast and cable television programming;<\/li>\r\n
- demand for our products and services;<\/li>\r\n
- expenses of providing medical and pension benefits;<\/li>\r\n
- income tax expense;<\/li>\r\n
- performance of some or all company businesses either directly or through their impact on those who distribute our products;<\/li>\r\n
- the proposed transaction with 21CF.<\/li>\r\n<\/ul>\r\n<\/div>\r\n
Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended September 30, 2017 under Item 1A, “Risk Factors,” and subsequent reports, and in the joint proxy statement prospectus that is part of the registration statement on Form S-4.<\/div>","DocumentFileSize":"407 KB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/02\/q1-fy18-earnings.pdf","EventId":1615,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2018\/Disneys-Q1-FY18-Earnings-Results-Webcast\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53760,"SeoName":"Disneys-Q1-FY18-Earnings-Results-Webcast","TagsList":null,"TimeZone":"ET","Title":"Disney’s Q1 FY18 Earnings Results Webcast","WebCastLink":"","WorkflowId":"1631d5e5-d0b1-4354-ab9a-3a4ff16e411f","EndDate":"02\/05\/2018 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"02\/05\/2018 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.56 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/03\/rai-ms-2018-0226-transcript-1.pdf"}],"Body":" Bob Iger, chairman and chief executive officer, The Walt Disney Company, participating in a question-and-answer session at the Morgan Stanley Technology, Media & Telecom Conference.<\/span><\/p>\r\n <\/p>\r\n <\/p>\r\n <\/p>\r\n Important Information About the Transaction with 21CF and Where to Find It<\/u><\/strong><\/div>\r\nIn connection with the proposed transaction between The Walt Disney Company (“Disney”) and Twenty-First Century Fox, Inc. (“21CF”), Disney and 21CF have filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that includes a joint proxy statement of Disney and 21CF that also constitutes a prospectus of Disney. 21CF will file with the SEC a registration statement for a newly formed subsidiary (“SpinCo”), which is contemplated to own certain assets and businesses of 21CF not being acquired by Disney in connection with the proposed transaction. 21CF and Disney may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the joint proxy statement\/prospectus or registration statement or any other document which 21CF or Disney may file with the SEC. INVESTORS AND SECURITY HOLDERS OF 21CF AND DISNEY ARE URGED TO READ THE REGISTRATION STATEMENTS, THE JOINT PROXY STATEMENT\/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS.<\/strong> Investors and security holders may obtain free copies of the registration statements and the joint proxy statement\/prospectus and other documents filed with the SEC by 21CF and Disney through the web site maintained by the SEC at www.sec.gov<\/a> or by contacting the investor relations department of:<\/div>\r\n\r\n\r\n\r\n21CF<\/u>
1211 Avenue of Americas
New York, NY 10036
Attention: Investor Relations
1 (212) 852 7059<\/td>\r\n | Disney<\/u>
c\/o Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
Attention: Disney Shareholder Services
1 (855) 553 4763<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nParticipants in the Solicitation<\/u><\/strong><\/div>\r\n21CF, Disney and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding 21CF’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in 21CF’s Annual Report on Form 10-K for the year ended June 30, 2017 and its proxy statement filed on September 28, 2017, which are filed with the SEC. Information regarding Disney’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in Disney’s Annual Report on Form 10-K for the year ended September 30, 2017 and its proxy statement filed on January 12, 2018, which are filed with the SEC. A more complete description is included in the registration statement on Form S-4, the joint proxy statement\/prospectus and will be included in the registration statement of SpinCo.<\/div>\r\n No Offer or Solicitation<\/u><\/strong><\/div>\r\nThis communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.<\/div>\r\n Forward Looking Statements<\/u><\/strong><\/div>\r\nManagement believes certain statements in the foregoing materials may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.<\/div>\r\n Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions), as well as from developments beyond the Company’s control, including:<\/div>\r\n \r\n \r\n- changes in domestic and global economic conditions, competitive conditions and consumer preferences;<\/li>\r\n
- adverse weather conditions or natural disasters;<\/li>\r\n
- health concerns;<\/li>\r\n
- international, political, or military developments; and<\/li>\r\n
- technological developments.<\/li>\r\n<\/ul>\r\n<\/div>\r\n
Such developments may affect entertainment, travel and leisure businesses generally and may, among other things, affect:<\/div>\r\n \r\n \r\n- the performance of the Company’s theatrical and home entertainment releases;<\/li>\r\n
- the advertising market for broadcast and cable television programming;<\/li>\r\n
- demand for our products and services;<\/li>\r\n
- expenses of providing medical and pension benefits;<\/li>\r\n
- income tax expense;<\/li>\r\n
- performance of some or all company businesses either directly or through their impact on those who distribute our products;<\/li>\r\n
- the proposed transaction with 21CF.<\/li>\r\n<\/ul>\r\n<\/div>\r\n
Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended September 30, 2017 under Item 1A, “Risk Factors,” and subsequent reports, and in the joint proxy statement prospectus that is part of the registration statement on Form S-4.<\/div>","DocumentFileSize":"1.56 MB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/03\/rai-ms-2018-0226-transcript-1.pdf","EventId":1497,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2018\/The-Walt-Disney-Company-at-the-Morgan-Stanley-Technology-Media--Telecom-Conference\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53237,"SeoName":"The-Walt-Disney-Company-at-the-Morgan-Stanley-Technology-Media--Telecom-Conference","TagsList":null,"TimeZone":"ET","Title":"The Walt Disney Company at the Morgan Stanley Technology, Media & Telecom Conference","WebCastLink":"","WorkflowId":"6d975d35-9593-46c7-905c-94e5c3b5942b","EndDate":"02\/26\/2018 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"02\/26\/2018 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.23 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/03\/2018-asm-transcript.pdf"}],"Body":" The 2018 annual meeting of shareholders of The Walt Disney Company, including remarks by management regarding the Company.<\/span><\/p>\r\n <\/p>\r\n <\/p>\r\n <\/p>\r\n Important Information About the Transaction with 21CF and Where to Find It<\/u><\/strong><\/div>\r\nIn connection with the proposed transaction between The Walt Disney Company (“Disney”) and Twenty-First Century Fox, Inc. (“21CF”), Disney and 21CF have filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that includes a joint proxy statement of Disney and 21CF that also constitutes a prospectus of Disney. 21CF will file with the SEC a registration statement for a newly formed subsidiary (“SpinCo”), which is contemplated to own certain assets and businesses of 21CF not being acquired by Disney in connection with the proposed transaction. 21CF and Disney may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the joint proxy statement\/prospectus or registration statement or any other document which 21CF or Disney may file with the SEC. INVESTORS AND SECURITY HOLDERS OF 21CF AND DISNEY ARE URGED TO READ THE REGISTRATION STATEMENTS, THE JOINT PROXY STATEMENT\/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS.<\/strong> Investors and security holders may obtain free copies of the registration statements and the joint proxy statement\/prospectus and other documents filed with the SEC by 21CF and Disney through the web site maintained by the SEC at www.sec.gov<\/a> or by contacting the investor relations department of:<\/div>\r\n\r\n\r\n\r\n21CF<\/u>
1211 Avenue of Americas
New York, NY 10036
Attention: Investor Relations
1 (212) 852 7059<\/td>\r\n | Disney<\/u>
c\/o Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
Attention: Disney Shareholder Services
1 (855) 553 4763<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nParticipants in the Solicitation<\/u><\/strong><\/div>\r\n21CF, Disney and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding 21CF’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in 21CF’s Annual Report on Form 10-K for the year ended June 30, 2017 and its proxy statement filed on September 28, 2017, which are filed with the SEC. Information regarding Disney’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in Disney’s Annual Report on Form 10-K for the year ended September 30, 2017 and its proxy statement filed on January 12, 2018, which are filed with the SEC. A more complete description is included in the registration statement on Form S-4, the joint proxy statement\/prospectus and will be included in the registration statement of SpinCo.<\/div>\r\n No Offer or Solicitation<\/u><\/strong><\/div>\r\nThis communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.<\/div>\r\n Forward Looking Statements<\/u><\/strong><\/div>\r\nManagement believes certain statements in the foregoing materials may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.<\/div>\r\n Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions), as well as from developments beyond the Company’s control, including:<\/div>\r\n \r\n \r\n- changes in domestic and global economic conditions, competitive conditions and consumer preferences;<\/li>\r\n
- adverse weather conditions or natural disasters;<\/li>\r\n
- health concerns;<\/li>\r\n
- international, political, or military developments; and<\/li>\r\n
- technological developments.<\/li>\r\n<\/ul>\r\n<\/div>\r\n
Such developments may affect entertainment, travel and leisure businesses generally and may, among other things, affect:<\/div>\r\n \r\n \r\n- the performance of the Company’s theatrical and home entertainment releases;<\/li>\r\n
- the advertising market for broadcast and cable television programming;<\/li>\r\n
- demand for our products and services;<\/li>\r\n
- expenses of providing medical and pension benefits;<\/li>\r\n
- income tax expense;<\/li>\r\n
- performance of some or all company businesses either directly or through their impact on those who distribute our products;<\/li>\r\n
- the proposed transaction with 21CF.<\/li>\r\n<\/ul>\r\n<\/div>\r\n
Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended September 30, 2017 under Item 1A, “Risk Factors,” and subsequent reports, and in the joint proxy statement prospectus that is part of the registration statement on Form S-4.<\/div>","DocumentFileSize":"1.23 MB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/03\/2018-asm-transcript.pdf","EventId":1496,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2018\/The-Walt-Disney-Companys-2018-Annual-Meeting-of-Shareholders\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53236,"SeoName":"The-Walt-Disney-Companys-2018-Annual-Meeting-of-Shareholders","TagsList":null,"TimeZone":"ET","Title":"The Walt Disney Company’s 2018 Annual Meeting of Shareholders","WebCastLink":"","WorkflowId":"4d02b2be-a371-4c4b-8b9d-816f82761dd7","EndDate":"03\/18\/2018 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"03\/08\/2018 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"410 KB","Title":"Press Release","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/05\/q2-fy18-earnings.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"389 KB","Title":"Financial Reconciliations","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/05\/reconciliation_q2_fy18.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.27 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/05\/q2-fy18-earnings-transcript.pdf"}],"Body":" <\/p>\r\n <\/p>\r\n <\/p>\r\n Important Information About the Transaction with 21CF and Where to Find It<\/u><\/strong><\/p>\r\nIn connection with the proposed transaction between The Walt Disney Company (“Disney”) and Twenty-First Century Fox, Inc. (“21CF”), Disney and 21CF have filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that includes a joint proxy statement of Disney and 21CF that also constitutes a prospectus of Disney. 21CF will file with the SEC a registration statement for a newly formed subsidiary (“SpinCo”), which is contemplated to own certain assets and businesses of 21CF not being acquired by Disney in connection with the proposed transaction. 21CF and Disney may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the joint proxy statement\/prospectus or registration statement or any other document which 21CF or Disney may file with the SEC. INVESTORS AND SECURITY HOLDERS OF 21CF AND DISNEY ARE URGED TO READ THE REGISTRATION STATEMENTS, THE JOINT PROXY STATEMENT\/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS.<\/strong> Investors and security holders may obtain free copies of the registration statements and the joint proxy statement\/prospectus and other documents filed with the SEC by 21CF and Disney through the web site maintained by the SEC at www.sec.gov<\/a> or by contacting the investor relations department of:<\/div>\r\n\r\n\r\n\r\n21CF<\/u>
1211 Avenue of Americas
New York, NY 10036
Attention: Investor Relations
1 (212) 852 7059<\/td>\r\n | Disney<\/u>
c\/o Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
Attention: Disney Shareholder Services
1 (855) 553 4763<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nParticipants in the Solicitation<\/u><\/strong><\/div>\r\n21CF, Disney and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding 21CF’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in 21CF’s Annual Report on Form 10-K for the year ended June 30, 2017 and its proxy statement filed on September 28, 2017, which are filed with the SEC. Information regarding Disney’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in Disney’s Annual Report on Form 10-K for the year ended September 30, 2017 and its proxy statement filed on January 12, 2018, which are filed with the SEC. A more complete description is included in the registration statement on Form S-4, the joint proxy statement\/prospectus and will be included in the registration statement of SpinCo.<\/div>\r\n No Offer or Solicitation<\/u><\/strong><\/div>\r\nThis communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.<\/div>\r\n Forward Looking Statements<\/u><\/strong><\/div>\r\nManagement believes certain statements in the foregoing materials may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.<\/div>\r\n Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions), as well as from developments beyond the Company’s control, including:<\/div>\r\n \r\n \r\n- changes in domestic and global economic conditions, competitive conditions and consumer preferences;<\/li>\r\n
- adverse weather conditions or natural disasters;<\/li>\r\n
- health concerns;<\/li>\r\n
- international, political, or military developments; and<\/li>\r\n
- technological developments.<\/li>\r\n<\/ul>\r\n<\/div>\r\n
Such developments may affect entertainment, travel and leisure businesses generally and may, among other things, affect:<\/div>\r\n \r\n \r\n- the performance of the Company’s theatrical and home entertainment releases;<\/li>\r\n
- the advertising market for broadcast and cable television programming;<\/li>\r\n
- demand for our products and services;<\/li>\r\n
- expenses of providing medical and pension benefits;<\/li>\r\n
- income tax expense;<\/li>\r\n
- performance of some or all company businesses either directly or through their impact on those who distribute our products;<\/li>\r\n
- the proposed transaction with 21CF.<\/li>\r\n<\/ul>\r\n<\/div>\r\n
Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended September 30, 2017 under Item 1A, “Risk Factors,” and subsequent reports, and in the joint proxy statement prospectus that is part of the registration statement on Form S-4.<\/div>","DocumentFileSize":"410 KB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/05\/q2-fy18-earnings.pdf","EventId":1614,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2018\/Disneys-Q2-FY18-Earnings-Results-Webcast\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53759,"SeoName":"Disneys-Q2-FY18-Earnings-Results-Webcast","TagsList":null,"TimeZone":"ET","Title":"Disney’s Q2 FY18 Earnings Results Webcast","WebCastLink":"","WorkflowId":"1a2da856-b176-4f83-b81e-ec962ab058c9","EndDate":"05\/08\/2018 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"05\/08\/2018 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"590 KB","Title":"Press Release","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/06\/DIS-press-release-2018-0620.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"3.20 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/06\/investor-call-transcript-2018-0620.pdf"}],"Body":" The Walt Disney Company discussing the amended acquisition agreement announcement made on June 20, 2018.<\/span><\/p>\r\n <\/p>\r\n <\/p>\r\n <\/p>\r\n Important Information About the Transaction and Where to Find It<\/u><\/strong><\/div>\r\nIn connection with the proposed transaction between The Walt Disney Company (“Disney”) and Twenty-First Century Fox, Inc. (“21CF”), which will be effected through the formation of a new holding company that will become the parent of both Disney and 21CF and is referred to as New Disney, TWDC Holdco 613 Corp. (“New Disney”) will file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that will include a joint proxy statement of Disney and 21CF that also constitutes a prospectus of New Disney, which will replace the definitive joint proxy statement\/prospectus which Disney and 21CF previously filed with the SEC on May 24, 2018 and mailed to their respective stockholders on or about June 1, 2018. 21CF will file with the SEC a registration statement for a newly formed subsidiary (“New Fox”), which is contemplated to own certain assets and businesses of 21CF not being acquired by Disney in connection with the proposed transaction. 21CF, Disney and New Disney may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Form S-4, the joint proxy statement\/prospectus or the registration statement of New Fox or any other document which 21CF, Disney or New Disney may file with the SEC. INVESTORS AND SECURITY HOLDERS OF 21CF AND DISNEY ARE URGED TO READ THE REGISTRATION STATEMENTS, THE JOINT PROXY STATEMENT\/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS.<\/strong> Investors and security holders may obtain free copies of the registration statements and the joint proxy statement\/prospectus (when available) and other documents filed with the SEC by 21CF, Disney and New Disney through the web site maintained by the SEC at www.sec.gov<\/a> or by contacting the investor relations department of:<\/div>\r\n\r\n\r\n\r\n21CF<\/u>
1211 Avenue of Americas
New York, NY 10036
Attention: Investor Relations
1 (212) 852 7059
Investor@21CF.com<\/a><\/td>\r\n | Disney<\/u>
c\/o Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
Attention: Disney Shareholder Services
1 (855) 553 4763<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nParticipants in the Solicitation<\/u><\/strong><\/div>\r\n21CF, Disney, New Disney and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding 21CF’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in 21CF’s Annual Report on Form 10-K for the year ended June 30, 2017 and its proxy statement filed on September 28, 2017, which are filed with the SEC. Information regarding Disney’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in Disney’s Annual Report on Form 10-K for the year ended September 30, 2017 and its proxy statement filed on January 12, 2018, which are filed with the SEC. A more complete description will be available in the registration statement on Form S-4, the joint proxy statement\/prospectus and the registration statement of New Fox.<\/div>\r\n No Offer or Solicitation<\/u><\/strong><\/div>\r\nThis communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.<\/div>\r\n Cautionary Notes on Forward Looking Statements<\/u><\/strong><\/div>\r\nThis communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements, including the failure to consummate the proposed transaction or to make any filing or take other action required to consummate such transaction in a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction may not occur on the anticipated terms and timing or at all, (ii) the required regulatory approvals are not obtained, or that in order to obtain such regulatory approvals, conditions are imposed that adversely affect the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction, (iii) the risk that a condition to closing of the transaction may not be satisfied (including, but not limited to, the receipt of legal opinions with respect to the treatment of certain aspects of the transaction under U.S. and Australian tax laws), (iv) the risk that the anticipated tax treatment of the transaction is not obtained, (v) an increase or decrease in the anticipated transaction taxes (including due to any changes to tax legislation and its impact on tax rates (and the timing of the effectiveness of any such changes)) to be paid in connection with the separation prior to the closing of the transactions could cause an adjustment to the number of Disney shares and the cash amount to be paid to holders of 21CF’s common stock, (vi) potential litigation relating to the proposed transaction that could be instituted against 21CF, Disney or their respective directors, (vii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transactions, (viii) risks associated with third party contracts containing consent and\/or other provisions that may be triggered by the proposed transaction, (ix) negative effects of the announcement or the consummation of the transaction on the market price of 21CF’s common stock, Disney’s common stock and\/or New Disney’s common stock, (x) risks relating to the value of the New Disney shares to be issued in the transaction and uncertainty as to the long-term value of New Disney’s common stock, (xi) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of New Disney’s operations after the consummation of the transaction and on the other conditions to the completion of the merger, (xii) the risks and costs associated with, and the ability of New Disney to, integrate the businesses successfully and to achieve anticipated synergies, (xiii) the risk that disruptions from the proposed transaction will harm 21CF’s or Disney’s business, including current plans and operations, (xiv) the ability of 21CF or Disney to retain and hire key personnel, (xv) adverse legal and regulatory developments or determinations or adverse changes in, or interpretations of, U.S., Australian or other foreign laws, rules or regulations, including tax laws, rules and regulations, that could delay or prevent completion of the proposed transactions or cause the terms of the proposed transactions to be modified, (xvi) the ability of the parties to obtain or consummate financing or refinancing related to the proposed transactions upon acceptable terms or at all, (xvii) as well as management’s response to any of the aforementioned factors.<\/div>\r\n These risks, as well as other risks associated with the proposed transactions, will be more fully discussed in the joint proxy statement\/prospectus that will be included in the registration statement on Form S-4 that will be filed with the SEC in connection with the proposed transactions, as well as in the registration statement filed with respect to New Fox. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 and the registration statement of New Fox will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on 21CF’s, Disney’s or New Disney’s consolidated financial condition, results of operations, credit rating or liquidity. Neither 21CF, Disney nor New Disney assume any obligation to publicly provide revisions or updates to any forward looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.<\/div>","DocumentFileSize":"590 KB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/06\/DIS-press-release-2018-0620.pdf","EventId":1494,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2018\/Disney-Investor-Conference-Call\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53234,"SeoName":"Disney-Investor-Conference-Call","TagsList":null,"TimeZone":"ET","Title":"Disney Investor Conference Call","WebCastLink":"","WorkflowId":"549bc409-6fa1-4221-8166-6cb1525eb55a","EndDate":"06\/20\/2018 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"06\/20\/2018 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.20 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/07\/ssm-2018-0727-transcript-1.pdf"}],"Body":" <\/p>\r\n <\/p>\r\n <\/p>\r\n Cautionary Notes on Forward Looking Statements<\/u><\/strong><\/p>\r\nThis communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements, including the failure to consummate the proposed transaction or to make any filing or take other action required to consummate such transaction in a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction may not occur on the anticipated terms and timing or at all, (ii) the required regulatory approvals are not obtained, or that in order to obtain such regulatory approvals, conditions are imposed that adversely affect the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction, (iii) the risk that a condition to closing of the transaction may not be satisfied (including, but not limited to, the receipt of legal opinions with respect to the treatment of certain aspects of the transaction under U.S. and Australian tax laws), (iv) the risk that the anticipated tax treatment of the transaction is not obtained, (v) an increase or decrease in the anticipated transaction taxes (including due to any changes to tax legislation and its impact on tax rates (and the timing of the effectiveness of any such changes)) to be paid in connection with the separation prior to the closing of the transactions could cause an adjustment to the number of shares of New Disney (a holding company that will be formed to hold the businesses of Disney and 21CF) and the cash amount to be paid to holders of 21CF’s common stock, (vi) potential litigation relating to the proposed transaction that could be instituted against 21CF, Disney or their respective directors, (vii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transactions, (viii) risks associated with third party contracts containing consent and\/or other provisions that may be triggered by the proposed transaction, (ix) negative effects of the announcement or the consummation of the transaction on the market price of 21CF’s common stock, Disney’s common stock and\/or New Disney’s common stock, (x) risks relating to the value of the New Disney shares to be issued in the transaction and uncertainty as to the long-term value of New Disney’s common stock, (xi) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of New Disney’s operations after the consummation of the transaction and on the other conditions to the completion of the merger, (xii) the risks and costs associated with, and the ability of New Disney to, integrate the businesses successfully and to achieve anticipated synergies, (xiii) the risk that disruptions from the proposed transaction will harm 21CF’s or Disney’s business, including current plans and operations, (xiv) the ability of 21CF or Disney to retain and hire key personnel, (xv) adverse legal and regulatory developments or determinations or adverse changes in, or interpretations of, U.S., Australian or other foreign laws, rules or regulations, including tax laws, rules and regulations, that could delay or prevent completion of the proposed transactions or cause the terms of the proposed transactions to be modified, (xvi) the ability of the parties to obtain or consummate financing or refinancing related to the transactions upon acceptable terms or at all, (xvii) the risk that New Fox, as a new company that currently has no credit rating, will not have access to the capital markets on acceptable terms, (xviii) the risk that New Fox may be unable to achieve some or all of the benefits that 21CF expects New Fox to achieve as an independent, publicly-traded company, (xix) the risk that New Fox may be more susceptible to market fluctuations and other adverse events than it would have otherwise been while still a part of 21CF, (xx) the risk that New Fox will incur significant indebtedness in connection with the separation and distribution, and the degree to which it will be leveraged following completion of the distribution may materially and adversely affect its business, financial condition and results of operations, (xxi) as well as management’s response to any of the aforementioned factors.<\/div>\r\n These risks, as well as other risks associated with the proposed transactions, are more fully discussed in the updated joint proxy statement\/prospectus included in the registration statement on Form S-4 of New Disney that was filed in connection with the transaction, and will be more fully discussed in the registration statement that will be filed with respect to New Fox. While the list of factors presented here and in the updated joint proxy statement\/prospectus included in the Form S-4 are, and the list of factors presented in the registration statement of New Fox will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on 21CF’s, Disney’s or New Disney’s consolidated financial condition, results of operations, credit rating or liquidity. Neither 21CF, Disney nor New Disney assume any obligation to publicly provide revisions or updates to any forward looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.<\/div>","DocumentFileSize":"1.20 MB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/07\/ssm-2018-0727-transcript-1.pdf","EventId":1493,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2018\/The-Walt-Disney-Companys-Special-Meeting-of-Shareholders\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53233,"SeoName":"The-Walt-Disney-Companys-Special-Meeting-of-Shareholders","TagsList":null,"TimeZone":"ET","Title":"The Walt Disney Company’s Special Meeting of Shareholders","WebCastLink":"","WorkflowId":"2f2854f6-e7b5-4cb6-87a1-1a63b661795a","EndDate":"07\/27\/2018 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"07\/27\/2018 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"408 KB","Title":"Press Release","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/08\/q3-fy18-earnings.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"390 KB","Title":"Financial Reconciliations","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/08\/reconciliation_q3_fy18.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.28 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/08\/q3-fy18-earnings-transcript.pdf"}],"Body":" <\/p>\r\n <\/p>\r\n <\/p>\r\n Forward-Looking Statements:<\/u><\/strong><\/p>\r\nCertain statements on this call may constitute “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations, beliefs, plans, financial prospects, trends or outlook and guidance; financial or performance estimates and expectations (including estimated or expected revenues, earnings, operating income, cash flow and margins) and expected drivers; business plans and opportunities; future programming and production costs, capital expenditures and investments, including opportunities for growth and expansion; impact of leadership decisions; plans, expectations or drivers, as applicable, for direct-to-consumer profitability, growth, subscribers, product acceptance and enhancements, changes to subscription offerings and margins; anticipated demand and drivers, timing, availability or nature of our offerings (including experiences and business openings, content within our products and services and content releases and distribution channel); shareholder returns and capital allocation, including share repurchases; consumer or advertiser sentiment, behavior or demand; cost reductions and available efficiencies; strategies and strategic priorities and opportunities; completion and expected benefits of new initiatives and future projects; value of our intellectual property, content offerings, businesses and assets; estimates of the financial impact of certain items, accounting treatment, events or circumstances; and other statements that are not historical in nature. Any information that is not historical in nature is subject to change. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.<\/div>\r\n Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments, asset acquisitions or dispositions, new or expanded business lines or cessation of certain operations), our execution of our business plans (including the content we create and IP we invest in, our pricing decisions, our cost structure and our management and other personnel decisions), our ability to quickly execute on cost rationalization while preserving revenue, the discovery of additional information or other business decisions, as well as from developments beyond the Company’s control, including:<\/div>\r\n \r\n- the occurrence of subsequent events;<\/li>\r\n
- deterioration in domestic and global economic conditions or a failure of conditions to improve as anticipated;<\/li>\r\n
- deterioration in or pressures from competitive conditions, including competition to create or acquire content, competition for talent and competition for advertising revenue;<\/li>\r\n
- consumer preferences and acceptance of our content, offerings, pricing model and price increases, and corresponding subscriber additions and churn, and the market for advertising sales on our DTC streaming services and linear networks;<\/li>\r\n
- health concerns and their impact on our businesses and productions;<\/li>\r\n
- international, including tariffs and other trade policies, political or military developments;<\/li>\r\n
- regulatory and legal developments;<\/li>\r\n
- technological developments;<\/li>\r\n
- labor markets and activities, including work stoppages;<\/li>\r\n
- adverse weather conditions or natural disasters; and<\/li>\r\n
- availability of content.<\/li>\r\n<\/ul>\r\n
Such developments may further affect entertainment, travel and leisure businesses generally and may, among other things, affect (or further affect, as applicable):<\/div>\r\n \r\n- our operations, business plans or profitability, including direct-to-consumer profitability;<\/li>\r\n
- demand for our products and services;<\/li>\r\n
- the performance of the Company’s content;<\/li>\r\n
- our ability to create or obtain desirable content at or under the value we assign the content;<\/li>\r\n
- the advertising market for programming;<\/li>\r\n
- taxation; and<\/li>\r\n
- performance of some or all Company businesses either directly or through their impact on those who distribute our products.<\/li>\r\n<\/ul>\r\n
Additional factors are set forth in the Company’s most recent Annual Report on Form 10-K, including under the captions “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business,” quarterly reports on Form 10-Q, including under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and subsequent filings with the Securities and Exchange Commission.<\/div>\r\n The terms “Company,” “Disney,” “we,” and “our” are used above and on this call to refer collectively to the parent company and the subsidiaries through which our various businesses are actually conducted.<\/div>","DocumentFileSize":"408 KB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/08\/q3-fy18-earnings.pdf","EventId":1613,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2018\/Disneys-Q3-FY18-Earnings-Results-Webcast\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53758,"SeoName":"Disneys-Q3-FY18-Earnings-Results-Webcast","TagsList":null,"TimeZone":"ET","Title":"Disney’s Q3 FY18 Earnings Results Webcast","WebCastLink":"","WorkflowId":"a0526f76-1ec3-438a-8c6d-b1678e355e6e","EndDate":"08\/07\/2018 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"08\/07\/2018 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.19 MB","Title":"Press Release","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/11\/q4-fy18-earnings.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"391 KB","Title":"Financial Reconciliations","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/11\/reconciliation_q4_fy18.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.26 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/11\/q4-fy18-earnings-transcript.pdf"}],"Body":" <\/p>\r\n <\/p>\r\n <\/p>\r\n Forward-Looking Statements:<\/u><\/strong><\/p>\r\nCertain statements on this call may constitute “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations, beliefs, plans, financial prospects, trends or outlook and guidance; financial or performance estimates and expectations (including estimated or expected revenues, earnings, operating income, cash flow and margins) and expected drivers; business plans and opportunities; future programming and production costs, capital expenditures and investments, including opportunities for growth and expansion; impact of leadership decisions; plans, expectations or drivers, as applicable, for direct-to-consumer profitability, growth, subscribers, product acceptance and enhancements, changes to subscription offerings and margins; anticipated demand and drivers, timing, availability or nature of our offerings (including experiences and business openings, content within our products and services and content releases and distribution channel); shareholder returns and capital allocation, including share repurchases; consumer or advertiser sentiment, behavior or demand; cost reductions and available efficiencies; strategies and strategic priorities and opportunities; completion and expected benefits of new initiatives and future projects; value of our intellectual property, content offerings, businesses and assets; estimates of the financial impact of certain items, accounting treatment, events or circumstances; and other statements that are not historical in nature. Any information that is not historical in nature is subject to change. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.<\/div>\r\n Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments, asset acquisitions or dispositions, new or expanded business lines or cessation of certain operations), our execution of our business plans (including the content we create and IP we invest in, our pricing decisions, our cost structure and our management and other personnel decisions), our ability to quickly execute on cost rationalization while preserving revenue, the discovery of additional information or other business decisions, as well as from developments beyond the Company’s control, including:<\/div>\r\n \r\n- the occurrence of subsequent events;<\/li>\r\n
- deterioration in domestic and global economic conditions or a failure of conditions to improve as anticipated;<\/li>\r\n
- deterioration in or pressures from competitive conditions, including competition to create or acquire content, competition for talent and competition for advertising revenue;<\/li>\r\n
- consumer preferences and acceptance of our content, offerings, pricing model and price increases, and corresponding subscriber additions and churn, and the market for advertising sales on our DTC streaming services and linear networks;<\/li>\r\n
- health concerns and their impact on our businesses and productions;<\/li>\r\n
- international, including tariffs and other trade policies, political or military developments;<\/li>\r\n
- regulatory and legal developments;<\/li>\r\n
- technological developments;<\/li>\r\n
- labor markets and activities, including work stoppages;<\/li>\r\n
- adverse weather conditions or natural disasters; and<\/li>\r\n
- availability of content.<\/li>\r\n<\/ul>\r\n
Such developments may further affect entertainment, travel and leisure businesses generally and may, among other things, affect (or further affect, as applicable):<\/div>\r\n \r\n- our operations, business plans or profitability, including direct-to-consumer profitability;<\/li>\r\n
- demand for our products and services;<\/li>\r\n
- the performance of the Company’s content;<\/li>\r\n
- our ability to create or obtain desirable content at or under the value we assign the content;<\/li>\r\n
- the advertising market for programming;<\/li>\r\n
- taxation; and<\/li>\r\n
- performance of some or all Company businesses either directly or through their impact on those who distribute our products.<\/li>\r\n<\/ul>\r\n
Additional factors are set forth in the Company’s most recent Annual Report on Form 10-K, including under the captions “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business,” quarterly reports on Form 10-Q, including under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and subsequent filings with the Securities and Exchange Commission.<\/div>\r\n The terms “Company,” “Disney,” “we,” and “our” are used above and on this call to refer collectively to the parent company and the subsidiaries through which our various businesses are actually conducted.<\/div>","DocumentFileSize":"1.19 MB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2018\/11\/q4-fy18-earnings.pdf","EventId":1612,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2018\/Disneys-Fiscal-Full-Year-and-Q4-2018-Earnings-Results-Webcast\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53757,"SeoName":"Disneys-Fiscal-Full-Year-and-Q4-2018-Earnings-Results-Webcast","TagsList":null,"TimeZone":"ET","Title":"Disney’s Fiscal Full Year and Q4 2018 Earnings Results Webcast","WebCastLink":"","WorkflowId":"995de271-4e8e-40b8-bada-d5336dfa19ca","EndDate":"11\/08\/2018 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"11\/08\/2018 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"406 KB","Title":"Press Release","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2019\/02\/q1-fy19-earnings.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"387 KB","Title":"Financial Reconciliations","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2019\/02\/reconciliation_q1_fy19.pdf"},{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.25 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2019\/02\/q1-fy19-earnings-transcript.pdf"}],"Body":" <\/p>\r\n <\/p>\r\n <\/p>\r\n Forward-Looking Statements:<\/u><\/strong><\/p>\r\nCertain statements on this call may constitute “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations, beliefs, plans, financial prospects, trends or outlook and guidance; financial or performance estimates and expectations (including estimated or expected revenues, earnings, operating income, cash flow and margins) and expected drivers; business plans and opportunities; future programming and production costs, capital expenditures and investments, including opportunities for growth and expansion; impact of leadership decisions; plans, expectations or drivers, as applicable, for direct-to-consumer profitability, growth, subscribers, product acceptance and enhancements, changes to subscription offerings and margins; anticipated demand and drivers, timing, availability or nature of our offerings (including experiences and business openings, content within our products and services and content releases and distribution channel); shareholder returns and capital allocation, including share repurchases; consumer or advertiser sentiment, behavior or demand; cost reductions and available efficiencies; strategies and strategic priorities and opportunities; completion and expected benefits of new initiatives and future projects; value of our intellectual property, content offerings, businesses and assets; estimates of the financial impact of certain items, accounting treatment, events or circumstances; and other statements that are not historical in nature. Any information that is not historical in nature is subject to change. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.<\/div>\r\n Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments, asset acquisitions or dispositions, new or expanded business lines or cessation of certain operations), our execution of our business plans (including the content we create and IP we invest in, our pricing decisions, our cost structure and our management and other personnel decisions), our ability to quickly execute on cost rationalization while preserving revenue, the discovery of additional information or other business decisions, as well as from developments beyond the Company’s control, including:<\/div>\r\n \r\n- the occurrence of subsequent events;<\/li>\r\n
- deterioration in domestic and global economic conditions or a failure of conditions to improve as anticipated;<\/li>\r\n
- deterioration in or pressures from competitive conditions, including competition to create or acquire content, competition for talent and competition for advertising revenue;<\/li>\r\n
- consumer preferences and acceptance of our content, offerings, pricing model and price increases, and corresponding subscriber additions and churn, and the market for advertising sales on our DTC streaming services and linear networks;<\/li>\r\n
- health concerns and their impact on our businesses and productions;<\/li>\r\n
- international, including tariffs and other trade policies, political or military developments;<\/li>\r\n
- regulatory and legal developments;<\/li>\r\n
- technological developments;<\/li>\r\n
- labor markets and activities, including work stoppages;<\/li>\r\n
- adverse weather conditions or natural disasters; and<\/li>\r\n
- availability of content.<\/li>\r\n<\/ul>\r\n
Such developments may further affect entertainment, travel and leisure businesses generally and may, among other things, affect (or further affect, as applicable):<\/div>\r\n \r\n- our operations, business plans or profitability, including direct-to-consumer profitability;<\/li>\r\n
- demand for our products and services;<\/li>\r\n
- the performance of the Company’s content;<\/li>\r\n
- our ability to create or obtain desirable content at or under the value we assign the content;<\/li>\r\n
- the advertising market for programming;<\/li>\r\n
- taxation; and<\/li>\r\n
- performance of some or all Company businesses either directly or through their impact on those who distribute our products.<\/li>\r\n<\/ul>\r\n
Additional factors are set forth in the Company’s most recent Annual Report on Form 10-K, including under the captions “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business,” quarterly reports on Form 10-Q, including under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and subsequent filings with the Securities and Exchange Commission.<\/div>\r\n The terms “Company,” “Disney,” “we,” and “our” are used above and on this call to refer collectively to the parent company and the subsidiaries through which our various businesses are actually conducted.<\/div>","DocumentFileSize":"406 KB","DocumentFileType":"PDF","DocumentPath":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2019\/02\/q1-fy19-earnings.pdf","EventId":1611,"EventSpeaker":[],"ExcludeFromLatest":false,"FinancialReportWorkflowId":"00000000-0000-0000-0000-000000000000","GlobalTimeZoneId":21,"IsWebcast":false,"LanguageId":1,"LinkToDetailPage":"\/events-and-presentations\/event-details\/2019\/Disneys-Q1-FY19-Earnings-Results-Webcast\/default.aspx","LinkToUrl":"","Location":"","OpenInNewWindow":false,"PressReleaseWorkflowId":"00000000-0000-0000-0000-000000000000","ProjectWorkflowId":"00000000-0000-0000-0000-000000000000","ReportQuarter":"","ReportYear":"","RevisionNumber":53756,"SeoName":"Disneys-Q1-FY19-Earnings-Results-Webcast","TagsList":null,"TimeZone":"ET","Title":"Disney’s Q1 FY19 Earnings Results Webcast","WebCastLink":"","WorkflowId":"ea6990fe-f6f4-40d0-9a00-56e4fde88e27","EndDate":"02\/05\/2019 00:00:00","EventFinancialReport":[],"EventPresentation":[],"EventPressRelease":[],"StartDate":"02\/05\/2019 00:00:00"},{"Attachments":[{"ContentFileWorkflowId":null,"DocumentType":"file","Extension":"PDF","Size":"1.23 MB","Title":"Transcript","Type":"Document","Url":"https:\/\/s206.q4cdn.com\/979796730\/files\/doc_events\/2019\/03\/2019-asm-transcript.pdf"}],"Body":" | | | | | |