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The Walt Disney Company, together with its subsidiaries, is a diversified
worldwide entertainment company with operations in two segments: Disney Media
and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products
(DPEP).
The terms "Company", "we", "our" and "us" are used in this report to refer
collectively to the parent company and the subsidiaries through which businesses
are conducted.
COVID-19 Pandemic
Since early 2020, the world has been, and continues to be, impacted by the novel
coronavirus (COVID-19) and its variants. COVID-19 and measures to prevent its
spread have impacted our segments in a number of ways, most significantly at
DPEP where our theme parks and resorts were closed and cruise ship sailings and
guided tours were suspended. In addition, at DMED we delayed, or in some cases,
shortened or cancelled theatrical releases and experienced disruptions in the
production and availability of content.
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