Acquisitions

3 Months Ended

Dec. 27, 2014

Acquisitions

Acquisitions

Maker Studios

On May 7, 2014, the Company acquired Maker Studios, Inc. (Maker), a leading network of online video content, for approximately $500 million of cash consideration, subject to certain conditions and adjustments. Maker shareholders may also receive up to $450 million of additional cash upon final determination of Maker’s achievement of performance targets for calendar years 2014 and 2015.  The Company has recognized a $198 million liability for the fair value of the contingent consideration (determined by a probability weighting of potential payouts). Subsequent changes in the estimated fair value, if any, will be recognized in earnings. The majority of the purchase price has been allocated to goodwill, which is not deductible for tax purposes. Goodwill reflects the synergies expected from enhancing the presence of Disney’s franchises and brands through the use of Maker’s distribution platform, advanced technology and business intelligence capability. The revenue and net income of Maker included in the Company’s Condensed Consolidated Statement of Income for the quarter ended December 27, 2014 was not material.

Goodwill

The changes in the carrying amount of goodwill for the quarter ended December 27, 2014 are as follows:

	Media Networks			Parks and Resorts		Studio Entertainment			Consumer Products			Interactive			Total
Balance at Sept. 27, 2014	$	16,378		$	291	$	6,856		$	2,967		$	1,389		$	27,881
Acquisitions	—			—		—			—			—			—
Dispositions	—			—		—			(1		)	—			(1		)
Other, net	(14		)	—		(12		)	—			(5		)	(31		)
Balance at Dec. 27, 2014	$	16,364		$	291	$	6,844		$	2,966		$	1,384		$	27,849