DIS · 10-Q · 2026Q2 · Full report

Content Investment Spending

Walt Disney Co · 2026-08-05 · Importance 49 · Surprise 32 · From source text

Disney spent $18.152 billion on programming licenses, sports rights, and produced film and television content during the nine months ended June 27, 2026, up 3% from $17.608 billion in the prior-year period. Programming licenses and rights spending increased to $11.101 billion from $10.492 billion, while produced film and television content spending decreased to $7.051 billion from $7.116 billion. Ending produced and licensed programming assets declined to $32.127 billion from beginning balances of $33.390 billion after $19.258 billion of amortization. Sports programming and production costs increased 5% year to date to $11.298 billion because of contractual rate increases and new sports rights, partly offset by the absence of UFC rights costs.

Key facts

• The Company currently expects its fiscal 2026 spend on produced and licensed content, including sports rights, to be approximately $24 billion compared to fiscal 2025 spend on produced and licensed content, including sports rights, of $23 billion. source
• Nine months programming licenses and rights spending: $11,101 million for period ended June 27, 2026 vs $10,492 million prior-year source
• Nine months produced film and television content spending: $7,051 million for period ended June 27, 2026 vs $7,116 million prior-year source
• Nine months produced and licensed programming assets beginning balance: $33,390 million at June 27, 2026 and $34,409 million at June 28, 2025 source
• Change in produced and licensed content costs for nine months ended June 27, 2026: decrease of $1,106 million (versus decrease of $819 million prior-year) source

Impact estimates