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| DIS > SEC Filings for DIS > Form 8-K on 3-Feb-2009 | All Recent SEC Filings |
3-Feb-2009
Other Events, Financial Statements and Exhibits
The Walt Disney Company (the Company) has combined the operations and management of Disney Interactive Studios and the Walt Disney Internet Group into a new business unit, the Disney Interactive Media Group which creates and delivers Disney-branded entertainment and lifestyle content across interactive media platforms. The primary operating businesses of the Disney Interactive Media Group are Disney Interactive Studios, which produces video games for global distribution, and Disney Online, which produces web sites and online virtual worlds in the United States and internationally. The Disney Interactive Media Group also manages the Company's Disney-branded mobile phone initiatives and provides technical infrastructure services to the Company's non Disney-branded websites, such as ABC.com and ESPN.com, and to its Disney-branded e-commerce websites, principally Disneyshopping.com and Walt Disney Parks and Resorts Online. The Disney Interactive Media Group is reimbursed for the cost of providing these technical infrastructure services, and since these other websites that the Disney Interactive Media Group supports are managed within the Company's other segments, the financial results of these websites are reported within the Company's other segments rather than as part of the Disney Interactive Media Group.
Beginning with the first quarter fiscal 2009 financial statements, the Company is reporting the Disney Interactive Media Group along with certain new business initiatives as "Interactive Media" for segment reporting purposes. Previously, Disney Interactive Studios and the Walt Disney Internet Group were reported in the Consumer Products and Media Networks segments, respectively, while the new business initiatives were reported in corporate and unallocated shared expenses. The new presentation aligns with how management reports and measures segment performance for internal management purposes.
Set forth in Exhibit 99 and incorporated herein by reference are Items 1, 1A, 2, 7, 7A and 8 of the Registrant's Annual Report on Form 10-K for the year ended September 27, 2008 which have been adjusted to present the Disney Interactive Media Group along with the new business initiatives for fiscal years 2008, 2007 and 2006. There is no impact to reported net income or earnings per share, as this adjustment is only a reclassification.
(c) Exhibits
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