Quote:The SEC disclosure highlights the risks Disney faces concerning the potential misalignment with public and consumer preferences in entertainment, travel, and consumer products. 

It reads, “Generally, our revenues and profitability are adversely impacted when our entertainment offerings and products, as well as our methods to make our offerings and products available to consumers, do not achieve sufficient consumer acceptance. Further, consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands.”