On the Record · Disney
Disney acquisitions, on the record
The businesses Disney bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
TFCF CorporationWord for word“Segment operating income includes equity in the income of investees and excludes impairments of certain equity investments and acquisition accounting amortization of TFCF Corporation (TFCF) and Hulu assets (i.e. intangible assets and the fair value step-up for film and television costs) recognized in connection with the TFCF acquisition in fiscal 2019 (TFCF and Hulu acquisition amortization).” 10-K for 2022 | acquisition | fiscal 2019 | — |
50% interest in a German free-to-air (FTA) television networkWord for word“In fiscal 2021, the Company recognized a $186 million gain from the sale of our investment in fuboTV Inc. (fuboTV gain), a $126 million gain on the sale of our 50% interest in a German free-to-air (FTA) television network (German FTA gain) and a $111 million DraftKings loss.” 10-K for 2022 | divestiture | fiscal 2021 | $126 million |
NBCU's equity interest in HuluWord for word“On November 1, 2023, NBCU exercised its right to require the Company to purchase NBCU’s equity interest in Hulu under a put/call arrangement between the parties.” 10-K for 2023 | agreed acquisition | On November 1, 2023 | — |
NFL Network and certain other media assets owned and controlled by NFL Enterprises LLCWord for word“In October 2025, ESPN and NFL Enterprises LLC reached a binding agreement for ESPN to acquire the NFL Network and certain other media assets owned and controlled by NFL Enterprises LLC, including NFL’s RedZone Channel pay TV distribution and NFL Fantasy, in exchange for a 10% noncontrolling interest of ESPN (the NFL Transaction).” 10-K for 2025 | agreed acquisition | In October 2025 | a 10% noncontrolling interest of ESPN |
FuboWord for word“For example, in October 2025, we completed a combination of certain Hulu Live TV assets with Fubo to acquire a 70% interest in Fubo; in fiscal 2025, we announced plans for ESPN to acquire the NFL Network and certain other media assets owned and controlled by the NFL in exchange for a 10% noncontrolling interest in ESPN; in fiscal 2024, we transferred Star India into a joint venture and recorded related impairment charges and announced an investment in a multi-year project with Epic Games; in fiscal 2023, we reorganized our media and entertainment operations, which had been previously reported in one segment, into two segments, Entertainment and Sports; in fiscal 2023 we announced that we would review content, primarily on our DTC services, for alignment with a strategic change in our approach to content curation, resulting in removal of certain content from our platforms and related impairment charges; and from time to time, we announce exploration of new types of businesses.” 10-K for 2025 | acquisition | October 2025 | a 70% interest in Fubo |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2017-09-30 | $3.6 billion |
| 2018-09-29 | $0 |
| 2019-09-28 | $49.09 billion |
| 2020-10-03 | $732 million |
Deal filings since 2016
- 2022-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-29 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-05-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-03-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Disney’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-11-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.