<PAGE>
 
    As filed with the Securities and Exchange Commission on January 18, 1996
                                                      Registration No. 33-______
________________________________________________________________________________

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                _______________

                                    Form S-8
                             REGISTRATION STATEMENT
                                     Under
                           THE SECURITIES ACT OF 1933
                                _______________

                                DC HOLDCO, INC.
               (Exact name of registrant as specified in charter)

              Delaware                                95-4545390
     (State of incorporation)                      (I.R.S. Employer
                                                  Identification No.)

                          500 South Buena Vista Street
                           Burbank, California 91521
                    (Address of principal executive offices)

               Capital Cities/ABC, Inc. Savings & Investment Plan
                            (Full title of the plan)

                            DAVID K. THOMPSON, ESQ.
                Senior Vice President-Assistant General Counsel
                          500 South Buena Vista Street
                           Burbank, California 91521
                    (Name and address of agent for service)

  Telephone number, including area code, of agent for service:  (818) 560-1000

                                _______________

                        CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
                                                                              Proposed
                                                         Proposed              maximum
                                        Amount            maximum             aggregate         Amount of
       Title of securities               to be        offering price          offering         registration
         to be registered             registered         per share              price              fee
-----------------------------------------------------------------------------------------------------------
<S>                                  <C>             <C>                 <C>                   <C>
Common Stock, $.01 par value(1)       6,000,000(2)       $60.24(3)       $361,440,000.00(3)    $124,634.48
-----------------------------------------------------------------------------------------------------------
</TABLE>
(1)  In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
     registration statement also covers an indeterminate amount of interest to
     be offered or sold pursuant to the employee benefit plan described herein.
(2)  The shares of Common Stock being registered consist of shares to be
     acquired by the Trustee pursuant to the plan for the accounts of
     participants.
(3)  Calculated pursuant to Rule 457(h), based on the average of the high and
     low prices for the Common Stock on the New York Stock Exchange Composite
     tape for January 11, 1996.
________________________________________________________________________________

<PAGE>
 
                                     PART I

              INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

ITEM 1.  PLAN INFORMATION*

ITEM 2.  REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION*

*    Information required by Part I to be contained in the Section 10(a)
prospectus is omitted from the registration statement in accordance with Rule
428 under the Securities Act of 1933 and the Note to Part I of Form S-8.


                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

     The following documents filed by Registrant and The Walt Disney Company
("Disney") with the Securities and Exchange Commission (the "Commission") are
incorporated by reference in this registration statement:

     (1) Disney's and the Plan's latest annual reports filed pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934;

     (2) Registrant's Certificate of Incorporation, filed as Exhibit 3.1 to
Registrant's Registration Statement on Form S-4 filed with the Commission on
November 13, 1995 (File No. 33-64141);

     (3) The description of Registrant's Common Stock contained in Registrant's
Registration Statement on Form 8-B, dated December 28, 1995.

     In addition, all documents subsequently filed by Registrant or Disney
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act
of 1934, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the date of filing of such
documents.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

     Section 145 of the Delaware General Corporation Law empowers a Delaware
corporation, including Registrant, to indemnify its directors, officers,
employees and agents under certain circumstances.  Registrant's Certificate of
Incorporation and Bylaws provide that Registrant shall indemnify such persons to
the full extent authorized or permitted by law.  The Certificate and Bylaws
further provide that Registrant may purchase and maintain liability insurance on
behalf of directors, officers, employees or agents of Registrant, whether or not
Registrant would have the power to indemnify them against such liability under
the provisions of law.  In addition, the Certificate and Bylaws provide that
Registrant may create a trust fund, grant a security interest and/or use other
means (including letters of credit, surety bonds and/or similar arrangements),
as well as enter into contracts providing for indemnification to the full extent
authorized or permitted by law and including provisions to ensure the payment of
indemnification amounts.  Moreover, the Certificate provides that no director of
Registrant shall be personally liable to Registrant or its stockholders for
monetary damages for any breach of fiduciary duty as a director, except (i) for
any breach of the duty of loyalty to registrant or its stockholders, (ii) for
acts or omissions not in good faith or which involve intentional misconduct or a
knowing violation of law, (iii) for liability under Section 174 of the Delaware
General Corporation Law (involving certain

                                      S-2
<PAGE>
 
unlawful dividends or stock repurchases), or (iv) for any transaction from which
the director derived an improper personal benefit.

     Registrant maintains an officers' and directors' liability insurance policy
insuring Registrant's officers and directors against certain liabilities and
expenses incurred by them in their capacities as such, and insuring Registrant,
under certain circumstances, in the event that indemnification payments are made
by Registrant to such officers and directors.

     Registrant has entered into indemnification agreements (the
"Indemnification Agreements") with its directors and certain of its officers
(individually, the "Indemnitee").  The Indemnification Agreements, among other
things, provide for indemnification to the fullest extent permitted by law
against any and all expenses, judgments, fines, penalties and amounts paid in
settlement of any claim.  The Indemnification Agreements provide for the prompt
advancement of all expenses to the Indemnitee and for reimbursement to
Registrant if it is found that such Indemnitee is not entitled to such
indemnification under applicable law.  The Indemnification Agreements also
provide that after a Change in Control (as defined in the Indemnification
Agreement) of Registrant which is not approved by the Board of Directors of
Registrant, all determinations regarding a right to indemnity and the right to
advancement of expenses shall be made by independent legal counsel selected by
Indemnitee and approved by the Board of Directors.  In addition, in the event of
a Potential Change in Control (as defined in the Indemnification Agreement), the
Indemnitee may require Registrant to establish a trust for his benefit and to
find such trust in amounts reasonably anticipated or proposed to be paid to
satisfy Registrant's indemnification obligations under the Indemnification
Agreement.

ITEM 8.  EXHIBITS

     See Index to Exhibits on page S-8.

     In lieu of the opinion of counsel or determination letter contemplated by
Item 601(b)(5) of Regulation S-K, registrant hereby confirms that it has
submitted the Plan and undertakes that it will submit all amendments thereto to
the Internal Revenue Service (the "IRS") in a timely manner, and that it has
made or will make all changes required by the IRS in order to qualify the Plan
under Section 401 of the Internal Revenue Code.

ITEM 9.  UNDERTAKINGS

     (a) The undersigned Registrant hereby undertakes:

     (1) to file, during any period in which offers or sales are being made of
the securities registered hereby, a post-effective amendment to this
registration statement:

          (i) to include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933;

          (ii) to reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent post-
effective amendment thereof) which, individually or in the aggregate, represent
a fundamental change in the information set forth in this registration
statement;

          (iii) to include any material information with respect to the plan of 
distribution not previously disclosed in this registration statement or any
material change to such information in this registration statement;

provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the Registrant pursuant to
Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in this registration statement;

                                      S-3
<PAGE>
 
     (2) that, for the purpose of determining any liability under the 
Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and

     (3) to remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.

     (b) The undersigned Registrant hereby further undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each filing of
the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and each filing of the annual report of the
Plan pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

     (c) Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the provisions described under Item 6 above, or
otherwise, the Registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable.  In the event that a
claim for indemnification against such liabilities (other than the payment by
the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.

                                      S-4
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Burbank, State of California, on the  17th day of
January, 1996.


                                    DC HOLDCO, INC.
                                    (Registrant)



                                    By:  /s/ David K. Thompson
                                       ----------------------------------------
                                        David K. Thompson
                                        Senior Vice President-Assistant 
                                         General Counsel



                               POWER OF ATTORNEY

     Each person whose signature appears below hereby constitutes and appoints
DAVID K. THOMPSON his or her true and lawful attorney-in-fact and agents, each
acting alone, with full power of substitution and resubstitution, for him or her
and in his or her name, place and stead, in any and all capacities, to sign any
or all amendments (including post-effective amendments) to this Registration
Statement, and to file the same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, each acting alone, full power and
authority to do and perform each and every act and thing requisite and necessary
to be done in and about the premises, as fully to all intents and purposes as he
or she might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents, each acting alone, or his or her substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.

                                      S-5
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Burbank, State of California, on the 17th day of
January, 1996.
<TABLE>
<CAPTION>
 
        Signature                       Title                   Date
        ---------                       -----                   ----
<S>                           <C>                         <C>
 
   /s/ David K. Thompson      Senior Vice President-      January 17, 1996
---------------------------   Assistant General Counsel
      (David K. Thompson)
</TABLE>

    Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
<TABLE>
<CAPTION>
 
                Signature                               Title                     Date
                ---------                               -----                     ----
<S>                                           <C>                           <C>
         /s/ Sanford M. Litvack               President and a Director      January 17, 1996
----------------------------------------
          (Sanford M. Litvack)
 
       /s/ Stephen F. Bollenbach               Senior Executive Vice        January 17, 1996
----------------------------------------        President and Chief 
        (Stephen F. Bollenbach)                  Financial Officer
 
          /s/ John J. Garand                   Senior Vice President-       January 17, 1996
----------------------------------------        Planning and Control
            (John J. Garand)                 (Chief Accounting Officer)

         /s/ David K. Thompson                        Director              January 17, 1996
----------------------------------------
          (David K. Thompson)
 
          /s/ Marsha L. Reed                          Director              January 17, 1996
----------------------------------------
           (Marsha L. Reed)
</TABLE>

                                      S-6
<PAGE>
 
    Pursuant to the requirements of the Securities Act of 1933, the trustees (or
other persons who administer the employee benefit plan) have duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, State of New York, on the 12th day of
January, 1996.
<TABLE>
<CAPTION>
 
          Signature                        Title                     Date
          ---------                        -----                     ----
<S>                             <C>                            <C>
 
      /s/ David J. Vondrak       Member, Employee Benefits     January 12, 1996
-----------------------------    Committee under the Capital
          David J. Vondrak       Cities/ABC, Inc. Savings &
                                 Investment Plan
</TABLE>

                                      S-7
<PAGE>
 
                               INDEX TO EXHIBITS
<TABLE>
<CAPTION>
                                                                                                   Sequentially
Exhibit                                                                                              Numbered
Number                                   Description of Document                                       Page
-------                                  -----------------------                                   ------------
<C>       <S>                                                                                      <C>
  (4.1)   Restated Certificate of Incorporation of the Registrant filed as Exhibit 3.1 to the
          Registrant's Registration Statement on Form S-4, filed with the Commission on
          November 13, 1995 (File No. 33-64141) is hereby incorporated by reference.............
 
  (4.2)   Amended Bylaws of the Registrant, filed as Exhibit 3.2 to the Registrant's
          Registration Statement on Form S-4, filed with the Commission on November 13,
          1995 (File No. 33-64141) is hereby incorporated by reference..........................
 
  (4.3)   Capital Cities/ABC, Inc. Savings & Investment Plan, restated and effective as of
          June 1, 1994, and amendments thereto, are filed herewith..............................              9
 
  (23.1)   Consent of Price Waterhouse LLP, independent accountants, is filed herewith...........            114

  (23.2)   Consent of Ernst & Young LLP, independent auditors, is filed herewith.................            115

   (24)   Powers of attorney (included at page S-5).............................................
</TABLE>

                                      S-8
[{"type": "S-8", "sequence": "1", "description": "CAPITAL CITIES/ABC SAVINGS & INV. PLAN", "secsgml_size_bytes": 19860}]
{"company-data": {"conformed-name": "DC HOLDCO INC", "cik": "0001001039", "assigned-sic": "", "irs-number": "954545390", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-00287", "film-number": "96505280"}, "business-address": {"street1": "500 SOUTH BUENA VISTA ST", "city": "BURBANK", "state": "CA", "zip": "91521", "phone": "8185601000"}, "mail-address": {"street1": "500 SOUTH BUENA VISTA ST", "city": "BURBANK", "state": "CA", "zip": "91521"}}
As filed with the Securities and Exchange Commission on January 18, 1996
                                                      Registration No. 33-______
________________________________________________________________________________

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                _______________

                                    Form S-8
                             REGISTRATION STATEMENT
                                     Under
                           THE SECURITIES ACT OF 1933
                                _______________

                                DC HOLDCO, INC.
               (Exact name of registrant as specified in charter)

              Delaware                                95-4545390
     (State of incorporation)                      (I.R.S. Employer
                                                  Identification No.)

                          500 South Buena Vista Street
                           Burbank, California 91521
                    (Address of principal executive offices)

               Capital Cities/ABC, Inc. Savings & Investment Plan
                            (Full title of the plan)

                            DAVID K. THOMPSON, ESQ.
                Senior Vice President-Assistant General Counsel
                          500 South Buena Vista Street
                           Burbank, California 91521
                    (Name and address of agent for service)

  Telephone number, including area code, of agent for service:  (818) 560-1000

                                _______________

                        CALCULATION OF REGISTRATION FEE
-----------------------------------------------------------------------------------------------------------
                                                                              Proposed
                                                         Proposed              maximum
                                        Amount            maximum             aggregate         Amount of
       Title of securities               to be        offering price          offering         registration
         to be registered             registered         per share              price              fee
-----------------------------------------------------------------------------------------------------------
Common Stock, $.01 par value(1)       6,000,000(2)       $60.24(3)       $361,440,000.00(3)    $124,634.48
-----------------------------------------------------------------------------------------------------------
(1)  In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
     registration statement also covers an indeterminate amount of interest to
     be offered or sold pursuant to the employee benefit plan described herein.
(2)  The shares of Common Stock being registered consist of shares to be
     acquired by the Trustee pursuant to the plan for the accounts of
     participants.
(3)  Calculated pursuant to Rule 457(h), based on the average of the high and
     low prices for the Common Stock on the New York Stock Exchange Composite
     tape for January 11, 1996.
________________________________________________________________________________
PART I

              INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

ITEM 1.  PLAN INFORMATION*

ITEM 2.  REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION*

*    Information required by Part I to be contained in the Section 10(a)
prospectus is omitted from the registration statement in accordance with Rule
428 under the Securities Act of 1933 and the Note to Part I of Form S-8.

                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

     The following documents filed by Registrant and The Walt Disney Company
("Disney") with the Securities and Exchange Commission (the "Commission") are
incorporated by reference in this registration statement:

     (1) Disney's and the Plan's latest annual reports filed pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934;

     (2) Registrant's Certificate of Incorporation, filed as Exhibit 3.1 to
Registrant's Registration Statement on Form S-4 filed with the Commission on
November 13, 1995 (File No. 33-64141);

     (3) The description of Registrant's Common Stock contained in Registrant's
Registration Statement on Form 8-B, dated December 28, 1995.

     In addition, all documents subsequently filed by Registrant or Disney
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act
of 1934, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the date of filing of such
documents.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

     Section 145 of the Delaware General Corporation Law empowers a Delaware
corporation, including Registrant, to indemnify its directors, officers,
employees and agents under certain circumstances.  Registrant's Certificate of
Incorporation and Bylaws provide that Registrant shall indemnify such persons to
the full extent authorized or permitted by law.  The Certificate and Bylaws
further provide that Registrant may purchase and maintain liability insurance on
behalf of directors, officers, employees or agents of Registrant, whether or not
Registrant would have the power to indemnify them against such liability under
the provisions of law.  In addition, the Certificate and Bylaws provide that
Registrant may create a trust fund, grant a security interest and/or use other
means (including letters of credit, surety bonds and/or similar arrangements),
as well as enter into contracts providing for indemnification to the full extent
authorized or permitted by law and including provisions to ensure the payment of
indemnification amounts.  Moreover, the Certificate provides that no director of
Registrant shall be personally liable to Registrant or its stockholders for
monetary damages for any breach of fiduciary duty as a director, except (i) for
any breach of the duty of loyalty to registrant or its stockholders, (ii) for
acts or omissions not in good faith or which involve intentional misconduct or a
knowing violation of law, (iii) for liability under Section 174 of the Delaware
General Corporation Law (involving certain

                                      S-2
unlawful dividends or stock repurchases), or (iv) for any transaction from which
the director derived an improper personal benefit.

     Registrant maintains an officers' and directors' liability insurance policy
insuring Registrant's officers and directors against certain liabilities and
expenses incurred by them in their capacities as such, and insuring Registrant,
under certain circumstances, in the event that indemnification payments are made
by Registrant to such officers and directors.

     Registrant has entered into indemnification agreements (the
"Indemnification Agreements") with its directors and certain of its officers
(individually, the "Indemnitee").  The Indemnification Agreements, among other
things, provide for indemnification to the fullest extent permitted by law
against any and all expenses, judgments, fines, penalties and amounts paid in
settlement of any claim.  The Indemnification Agreements provide for the prompt
advancement of all expenses to the Indemnitee and for reimbursement to
Registrant if it is found that such Indemnitee is not entitled to such
indemnification under applicable law.  The Indemnification Agreements also
provide that after a Change in Control (as defined in the Indemnification
Agreement) of Registrant which is not approved by the Board of Directors of
Registrant, all determinations regarding a right to indemnity and the right to
advancement of expenses shall be made by independent legal counsel selected by
Indemnitee and approved by the Board of Directors.  In addition, in the event of
a Potential Change in Control (as defined in the Indemnification Agreement), the
Indemnitee may require Registrant to establish a trust for his benefit and to
find such trust in amounts reasonably anticipated or proposed to be paid to
satisfy Registrant's indemnification obligations under the Indemnification
Agreement.

ITEM 8.  EXHIBITS

     See Index to Exhibits on page S-8.

     In lieu of the opinion of counsel or determination letter contemplated by
Item 601(b)(5) of Regulation S-K, registrant hereby confirms that it has
submitted the Plan and undertakes that it will submit all amendments thereto to
the Internal Revenue Service (the "IRS") in a timely manner, and that it has
made or will make all changes required by the IRS in order to qualify the Plan
under Section 401 of the Internal Revenue Code.

ITEM 9.  UNDERTAKINGS

     (a) The undersigned Registrant hereby undertakes:

     (1) to file, during any period in which offers or sales are being made of
the securities registered hereby, a post-effective amendment to this
registration statement:

          (i) to include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933;

          (ii) to reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent post-
effective amendment thereof) which, individually or in the aggregate, represent
a fundamental change in the information set forth in this registration
statement;

          (iii) to include any material information with respect to the plan of 
distribution not previously disclosed in this registration statement or any
material change to such information in this registration statement;

provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the Registrant pursuant to
Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in this registration statement;

                                      S-3
(2) that, for the purpose of determining any liability under the 
Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and

     (3) to remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.

     (b) The undersigned Registrant hereby further undertakes that, for purposes
of determining any liability under the Securities Act of 1933, each filing of
the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and each filing of the annual report of the
Plan pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

     (c) Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the provisions described under Item 6 above, or
otherwise, the Registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable.  In the event that a
claim for indemnification against such liabilities (other than the payment by
the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.

                                      S-4
SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Burbank, State of California, on the  17th day of
January, 1996.

                                    DC HOLDCO, INC.
                                    (Registrant)

                                    By:  /s/ David K. Thompson
                                       ----------------------------------------
                                        David K. Thompson
                                        Senior Vice President-Assistant 
                                         General Counsel

                               POWER OF ATTORNEY

     Each person whose signature appears below hereby constitutes and appoints
DAVID K. THOMPSON his or her true and lawful attorney-in-fact and agents, each
acting alone, with full power of substitution and resubstitution, for him or her
and in his or her name, place and stead, in any and all capacities, to sign any
or all amendments (including post-effective amendments) to this Registration
Statement, and to file the same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, each acting alone, full power and
authority to do and perform each and every act and thing requisite and necessary
to be done in and about the premises, as fully to all intents and purposes as he
or she might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents, each acting alone, or his or her substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.

                                      S-5
SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Burbank, State of California, on the 17th day of
January, 1996.
Signature                       Title                   Date
        ---------                       -----                   ----
/s/ David K. Thompson      Senior Vice President-      January 17, 1996
---------------------------   Assistant General Counsel
      (David K. Thompson)
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
Signature                               Title                     Date
                ---------                               -----                     ----
/s/ Sanford M. Litvack               President and a Director      January 17, 1996
----------------------------------------
          (Sanford M. Litvack)
 
       /s/ Stephen F. Bollenbach               Senior Executive Vice        January 17, 1996
----------------------------------------        President and Chief 
        (Stephen F. Bollenbach)                  Financial Officer
 
          /s/ John J. Garand                   Senior Vice President-       January 17, 1996
----------------------------------------        Planning and Control
            (John J. Garand)                 (Chief Accounting Officer)

         /s/ David K. Thompson                        Director              January 17, 1996
----------------------------------------
          (David K. Thompson)
 
          /s/ Marsha L. Reed                          Director              January 17, 1996
----------------------------------------
           (Marsha L. Reed)
S-6
Pursuant to the requirements of the Securities Act of 1933, the trustees (or
other persons who administer the employee benefit plan) have duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, State of New York, on the 12th day of
January, 1996.
Signature                        Title                     Date
          ---------                        -----                     ----
/s/ David J. Vondrak       Member, Employee Benefits     January 12, 1996
-----------------------------    Committee under the Capital
          David J. Vondrak       Cities/ABC, Inc. Savings &
                                 Investment Plan
S-7
INDEX TO EXHIBITS
Sequentially
Exhibit                                                                                              Numbered
Number                                   Description of Document                                       Page
-------                                  -----------------------                                   ------------
(4.1)   Restated Certificate of Incorporation of the Registrant filed as Exhibit 3.1 to the
          Registrant's Registration Statement on Form S-4, filed with the Commission on
          November 13, 1995 (File No. 33-64141) is hereby incorporated by reference.............
 
  (4.2)   Amended Bylaws of the Registrant, filed as Exhibit 3.2 to the Registrant's
          Registration Statement on Form S-4, filed with the Commission on November 13,
          1995 (File No. 33-64141) is hereby incorporated by reference..........................
 
  (4.3)   Capital Cities/ABC, Inc. Savings & Investment Plan, restated and effective as of
          June 1, 1994, and amendments thereto, are filed herewith..............................              9
 
  (23.1)   Consent of Price Waterhouse LLP, independent accountants, is filed herewith...........            114

  (23.2)   Consent of Ernst & Young LLP, independent auditors, is filed herewith.................            115

   (24)   Powers of attorney (included at page S-5).............................................
S-8