Walt Disney Co

The Walt Disney Company is a diversified worldwide entertainment company operating in three segments: Entertainment, Sports, and Experiences. The Entertainment segment focuses on global film and episodic content production and distribution, excluding sports. Its lines of business include Linear Networks, which encompasses domestic operations such as the ABC Television Network, Disney, Freeform, FX, and National Geographic (73% owned by the Company) branded television channels, and eight owned ABC television stations. Internationally, Linear Networks includes Disney, FX, and National Geographic (73% owned by the Company) branded television channels. The Company also holds a 50% equity investment in A+E Global Media, which develops and distributes content globally. The Direct-to-Consumer business within Entertainment includes Disney+, a global direct-to-consumer service primarily offering general entertainment and family programming. Subscribers to Disney+ and an ESPN direct-to-consumer plan can access certain sports content through Disney+. Hulu, a U.S. direct-to-consumer service, provides general entertainment programming and a virtual multi-channel video programming distributor service called Hulu Live TV, which includes live linear streams of various cable and broadcast networks. Subscribers to Hulu and an ESPN direct-to-consumer plan can access certain sports content through Hulu.