Investments (Tables)

6 Months Ended

Dec. 31, 2017

The Company’s investments were comprised of the following:

		Ownership percentage as of December 31, 2017		As of December 31, 2017			As of June 30, 2017
				(in millions)
Sky^(a)(b)	European direct broadcast satellite operator		39%	$	3,399		$	3,175
Endemol Shine Group^(b)	Global multi-platform content provider		50%		275			262
Other investments		various			690	^(c)		465

Total investments				$	4,364		$	3,902

^(a)

The Company’s investment in Sky had a market value of $9.2 billion as of December 31, 2017 determined using its quoted market price on the London Stock Exchange (a Level 1 measurement as defined in Note 5 – Fair Value). The Company received dividends of nil and approximately $170 million from Sky for the six months ended December 31, 2017 and 2016, respectively. As the Sky Acquisition has not closed as of December 31, 2017, Sky shareholders will be entitled to receive a special dividend in calendar year 2018 (See Note 2 – Acquisitions, Disposals and Other Transactions under the heading “Sky Acquisition” for further discussion of this investment).

^(b)	Equity method investments.

^(c)	Includes an investment of $312 million in available-for-sale securities as of December 31, 2017 (See Note 5 – Fair Value).