The Walt Disney Company Reports First Quarter Earnings For Fiscal 2015 Page 10

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FORWARD-LOOKING STATEMENTS
Management believes certain statements in this earnings release may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements
are made on the basis of management’s views and assumptions regarding future events and business
performance as of the time the statements are made. Management does not undertake any obligation to
update these statements.
Actual results may differ materially from those expressed or implied. Such differences may result
from actions taken by the Company, including restructuring or strategic initiatives (including capital
investments or asset acquisitions or dispositions), as well as from developments beyond the Company’s
control, including:
changes in domestic and global economic conditions, competitive conditions and consumer
preferences;
adverse weather conditions or natural disasters;
health concerns;
international, political, or military developments; and
technological developments.
Such developments may affect travel and leisure businesses generally and may, among other things,
affect:
the performance of the Company’s theatrical and home entertainment releases;
the advertising market for broadcast and cable television programming;
expenses of providing medical and pension benefits;
demand for our products; and
performance of some or all company businesses either directly or through their impact on those
who distribute our products.
Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended
September 27, 2014 under Item 1A, “Risk Factors,” and subsequent reports.
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