For an enterprise as large and complex as the Company, a wide range of factors could materially affect future developments and performance.
−Removed: In addition to the factors affecting specific business operations identified in connection with the description of these operations and the financial results of these operations elsewhere in our filings with the SEC, the most significant factors affecting our business include the factors discussed in our 2023 Annual Report on Form 10-K under Item 1A, “Risk Factors” as updated below:
−Removed: BUSINESS, ECONOMIC, MARKET and OPERATING CONDITION RISKS
−Removed: Regulations applicable to our businesses may impair the profitability of our businesses.
−Removed: Each of our businesses, including our broadcast networks and television stations, is subject to a variety of U.S.
−Removed: and international regulations, which impact the operations and profitability of our businesses.
−Removed: Some of these regulations include:
−Removed: Federal Communications Commission regulation of our television and radio networks, our national programming networks and our owned television stations.
−Removed: See our 2023 Annual Report on Form 10-K under Item 1 — Federal Regulation - Entertainment and Sports.
−Removed: • Federal, state and foreign privacy and data protection laws and regulations.
−Removed: • Regulation of the safety and supply chain of consumer products and theme park operations, including regulation regarding the sourcing, importation and the sale of goods.
−Removed: • Land planning, use and development regulations applicable to our theme parks operations.
−Removed: • Environmental protection regulations.
−Removed: and international anti-corruption laws, sanction programs, trade restrictions, anti-money laundering laws or currency controls.
−Removed: • Restrictions on the manner in which content is currently licensed and distributed, ownership restrictions or film or television content requirements, investment obligations or quotas.
−Removed: • Domestic and international labor laws, tax laws and antitrust laws.
−Removed: New laws and regulations, as well as changes in any of these current laws and regulations or regulator activities in any of these areas, or others, may require us to spend additional amounts to comply with the regulations, or may restrict our ability to offer products and services in ways that are profitable, and create an increasingly unpredictable regulatory landscape.
−Removed: In addition, ongoing and future developments in international political, trade and security policy may lead to new regulations limiting international trade and investment and disrupting our operations outside the U.S., including our international theme parks and resorts operations in France, mainland China and Hong Kong.
−Removed: For example, in 2022 the U.S.
−Removed: and other countries implemented a series of sanctions against Russia in response to events in Russia and Ukraine;
−Removed: agencies have enhanced trade restrictions, including new prohibitions on the importation of goods from certain regions and other jurisdictions are considering similar measures;
−Removed: state governments have become more active in passing legislation targeted at specific sectors and companies and applying existing laws in novel ways to new technologies, including streaming and online commerce;
−Removed: and in many countries/regions around the world (including but not limited to the European Union) regulators are requiring us to broadcast on our linear networks (or display on our DTC streaming services) programming produced in specific countries as well as invest specified amounts of our revenues in local content productions.
−Removed: Further, in response to the COVID-19 pandemic, public health and other regional, national, state and local regulations and policies impacted most of our businesses.
−Removed: Government requirements could be reinstated and new government requirements may be imposed to address COVID-19 or future health outbreaks or pandemics.
+Added: In addition to the factors affecting specific business operations identified in connection with the description of these operations and the financial results of these operations elsewhere in our filings with the SEC, the most significant factors affecting our business include the factors discussed in our 2024 Annual Report on Form 10-K under Item 1A, “Risk Factors”.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.