---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-049404"
form_type: "8-K"
ticker: "DIS"
cik: "0001744489"
company_name: "Walt Disney Co"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:08:41.608406+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Disney to form JV with Reliance/Viacom18 in India; records $1.8-2.4B impairment

## Summary
- JV combines Viacom18 and Star India; valued at ~$8.5B post-money, excluding synergies.
- Reliance to invest ~$1.4B; ownership: Reliance 16.34%, Viacom18 46.82%, Disney 36.84%.
- Disney records non-cash pre-tax impairment of $1.8-2.4B in current quarter for held-for-sale accounting.
- JV will have 750M+ viewers; Nita Ambani as Chairperson, Uday Shankar as Vice Chairperson.
- Expected close in Q4 2024 or Q1 2025; subject to regulatory and shareholder approvals.

## SEC filing metadata
- accession: 0001193125-24-049404
- form_type: 8-K
- ticker: DIS
- cik: 0001744489
- company_name: Walt Disney Co
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744489/000119312524049404/0001193125-24-049404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744489/000119312524049404/d800554d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-049404
- JSON: https://secwatch.observer/filing/0001193125-24-049404.json
- Plain text: https://secwatch.observer/filing/0001193125-24-049404.txt

## Key facts
- Restructurings & Charges
  Walt Disney Co announced a impairment with charges of between $1.8 billion to $2.4 billion affecting Star India Private Limited and entertainment linear networks reporting unit.
  - Type: impairment
  - Charge: between $1.8 billion to $2.4 billion
  - Affected area: Star India Private Limited and entertainment linear networks reporting unit
  source text: In the current quarter, the Company currently expects to record non-cash pre-tax impairment charges estimated to be between $1.8 billion to $2.4 billion, approximately half of which reflects a write-down of the net assets of Star India, in order to adjust them to fair value (less estimated transaction costs) pursuant to held-for-sale accounting, and approximately half of which reflects a write-down of goodwill at the entertainment linear networks reporting unit, reflecting the impact of removing Star India.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1744489/000119312524049404/0001193125-24-049404-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.