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Can you please help me understand this problem? The Walt Disney Company identifies four operating segments. Following are excerpts from the description provided in the

Can you please help me understand this problem?

The Walt Disney Company identifies four operating segments. Following are excerpts from the description provided in the company's September 30, 2017 10-K:

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company with operations in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media.

Media Networks The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

Parks and Resorts The Company owns and operates the Walt Disney World Resort in Florida: the Disneyland Resort in California; Disneyland Paris; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line; and Adventures by Disney. The Company manages and has effective ownership interests of 47% in Hong Kong Disneyland Resort and 43% in Shanghai DisneyResort, both of which are consolidated in our financial statements. The Company also licenses our intellectual property to a third party to operate the Tokyo Disney Resort in Japan. The Company's Walt Disney Imagineering unit designs and develops new theme park concepts and attractions as well as resort properties.

Studio Entertainment The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays.

Consumer Products & Interactive Media The Consumer Products & Interactive Media segment licenses the Company's trade names, characters, and visual and literary properties to various manufacturers, game developers, publishers, and retailers throughout the world. We also develop and publish games, primarily for mobile platforms, and books, magazines, and comic books.The segment also distributesbranded merchandise directly through retail, online, and wholesale businesses. In addition, the segment's operations include website management and design, primarily for other Company businesses, and the development and distribution of online video content.

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