<SEC-DOCUMENT>0000000000-23-003392.txt : 20230518
<SEC-HEADER>0000000000-23-003392.hdr.sgml : 20230518
<ACCEPTANCE-DATETIME>20230404173010
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-23-003392
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230404

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Walt Disney Co
		CENTRAL INDEX KEY:			0001744489
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				830940635
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		500 SOUTH BUENA VISTA STREET
		CITY:			BURBANK
		STATE:			CA
		ZIP:			91521
		BUSINESS PHONE:		(818) 560-1000

	MAIL ADDRESS:	
		STREET 1:		500 SOUTH BUENA VISTA STREET
		CITY:			BURBANK
		STATE:			CA
		ZIP:			91521

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TWDC Holdco 613 Corp.
		DATE OF NAME CHANGE:	20180702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TWDC Holdco 613 Corp
		DATE OF NAME CHANGE:	20180622
PUBLIC REFERENCE ACCESSION NUMBER:		0001744489-22-000213
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<TEXT>
United States securities and exchange commission logo





                            April 4, 2023

       Christine McCarthy
       Chief Financial Officer
       The Walt Disney Company
       500 South Buena Vista Street
       Burbank, California 91521

                                                        Re: The Walt Disney
Company
                                                            Form 10-K for
Fiscal Year Ended October 1, 2022
                                                            Filed November 29,
2022
                                                            File No. 001-38842

       Dear Christine McCarthy:

             We have reviewed your filing and have the following comment. In
our comment, we
       may ask you to provide us with information so we may better understand
your disclosure.

              Please respond to this comment within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comment applies to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to this comment, we may have additional comments.

       Form 10-K for Fiscal Year Ended October 1, 2022

       Item 7. Management's Discussion and Analysis
       Business Segment Results
       Disney Media and Entertainment Distribution
       Direct-to-Consumer, page 39

   1.                                                   We note from your
disclosure that average monthly revenue per paid subscriber was
                                                        negatively impacted "by
a higher mix of subscribers to multi-product offerings."
                                                        Similarly, in your Q4
2022 earnings release furnished on Form 8-K, certain Direct-to-
                                                        Consumer platforms
experienced decreasing quarterly period over period average monthly
                                                        revenue per subscriber
which was attributed to "a higher mix of subscribers to multi-
                                                        product offerings." We
also noted from your Q4 earnings call, bundled and multi-product
                                                        offerings now account
for over 40% of your fiscal year-end domestic Disney+ subscriber
                                                        count. It appears that
customers participating in bundled and multi-product offerings has
                                                        both an impact on your
subscriber growth and revenues, please enhance your
                                                        disclosures to include
the total customers participating in bundled and multi-platform
 Christine McCarthy
The Walt Disney Company
April 4, 2023
Page 2
         offerings for the periods presented for both your domestic and
international DTC
         offerings. While your definition of "Paid subscribers" explains that
bundled/multi-
         offering subscribers are counted as paid subscribers for each service
listed in the table on
         page 40, please consider separately quantifying total subscribers for
all DTC services in
         the aggregate and parenthetically highlighting in the introduction to
the table that amounts
         for specifically listed offerings do not aggregate to the number of
total DTC subscribers.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       You may contact Abe Friedman at 202-551-8298 or Lyn Shenk at
202-551-3380 with
any questions.



FirstName LastNameChristine McCarthy                           Sincerely,
Comapany NameThe Walt Disney Company
                                                               Division of
Corporation Finance
April 4, 2023 Page 2                                           Office of Trade
& Services
FirstName LastName
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
