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Welcome to the <strong>Walt</strong> <strong>Disney</strong> company’s 2007 Fact Book<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>’s Fact Book profiles the <strong>Company</strong>’s principal business<br />

segments while highlighting key events in the <strong>Company</strong>’s history. <strong>The</strong> Fact Book also<br />

provides information on the <strong>Company</strong>’s operations.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>’s 2007 Fact Book puts the spotlight on the global<br />

phenomenon, High School Musical, the most prominent example of the <strong>Disney</strong><br />

Difference: high-quality creative content, backed up by a clear strategy for maximizing<br />

that content’s value across platforms and markets. Since it premiered on <strong>Disney</strong><br />

Channel, the movie has spawned, among other things, a record-breaking sequel also<br />

on <strong>Disney</strong> Channel, live stage tours, concert tours, an ice show tour, a series of books,<br />

toys, games and other consumer products, a line of video games produced for multiple<br />

gaming platforms by <strong>Disney</strong> Interactive Studios, live shows at our theme parks,<br />

two soundtracks, online media, DVD and Blu-ray TM discs, as well as a full-length feature<br />

film currently in production. <strong>The</strong> success of High School Musical illustrates <strong>The</strong><br />

<strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>’s tremendous ability to create and grow new franchises, and to<br />

extend the success of these franchises throughout the <strong>Company</strong>.<br />

We hope you will enjoy our 2007 Fact Book and greatly appreciate your interest in <strong>The</strong><br />

<strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>.<br />

Sincerely,<br />

Lowell Singer<br />

Senior Vice President<br />

<strong>Disney</strong> Investor Relations<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007

taBle oF contents<br />

manaGement 3<br />

Board of Directors 4<br />

Senior Corporate Officers 5<br />

Principal Businesses 6<br />

opeRations 7<br />

studio entertainment<br />

Profile 8<br />

Key Dates<br />

Fast Facts<br />

9<br />

Data Sheet 2<br />

parks & Resorts<br />

Profile 4<br />

Key Dates 5<br />

Fast Facts 6<br />

Data Sheet 7<br />

consumer products<br />

Profile 20<br />

Key Dates 2<br />

Fast Facts 23<br />

Data Sheet 24<br />

media networks<br />

Profile 26<br />

Key Dates 27<br />

Fast Facts 29<br />

Data Sheet 30<br />

histoRy 33<br />

Financials 39<br />

Consolidated Statements of Income 4<br />

Consolidated Balance Sheets 42<br />

Consolidated Cash Flow Statements 43<br />

Consolidated Statements of Income Fiscal 2007 44<br />

Consolidated Statements of Income Fiscal 2006 46<br />

Key Financial Ratios 48<br />

<strong>Disney</strong> Common Stock Statistics 49<br />

Reconciliations 50<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 2

MManageMent

M O OPeratiOns: BOarD Of DirectOrs<br />

MeDia netWOrKs<br />

susan e. arnold<br />

president - Global Business Units<br />

<strong>The</strong> Procter & Gamble <strong>Company</strong><br />

John e. Bryson<br />

chairman, president and chief executive officer<br />

Edison International<br />

John s. chen<br />

chairman, chief executive officer and president<br />

Sybase, Inc.<br />

Judith l. estrin<br />

chief executive officer<br />

Packet Design Management <strong>Company</strong>, LLC<br />

Robert a. iger<br />

president and chief executive officer<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong><br />

steven p. Jobs<br />

chief executive officer<br />

Apple Computer, Inc.<br />

Fred h. langhammer<br />

chairman, Global affairs<br />

<strong>The</strong> Estée Lauder Companies Inc.<br />

aylwin B. lewis<br />

Former chief executive officer and president<br />

Sears Holdings Corporation<br />

monica c. lozano<br />

publisher and chief executive officer<br />

La Opinión<br />

Robert W. matschullat<br />

Former Vice chairman and chief Financial officer<br />

<strong>The</strong> Seagram <strong>Company</strong> Ltd.<br />

John e. pepper, Jr.<br />

chairman of the Board<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong><br />

Former chairman and chief executive officer<br />

<strong>The</strong> Procter & Gamble <strong>Company</strong><br />

co-chairman<br />

National Underground Railroad Freedom Center<br />

orin c. smith<br />

Former president and chief executive officer<br />

Starbucks Corporation<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 4

M O OPeratiOns: seniOr cOrPOrate MeDia Officers<br />

netWOrKs<br />

Robert a. iger<br />

president and chief executive officer<br />

thomas o. staggs<br />

senior executive Vice president and chief Financial<br />

officer<br />

alan n. Braverman<br />

senior executive Vice president, General counsel and<br />

secretary<br />

Wesley a. coleman<br />

executive Vice president and chief human Resources<br />

officer<br />

christine m. mccarthy<br />

executive Vice president, corporate Finance and Real<br />

estate and treasurer<br />

kevin a. mayer<br />

executive Vice president, corporate strategy, Business<br />

Development and technology<br />

Zenia B. mucha<br />

executive Vice president, corporate communications<br />

preston R. padden<br />

executive Vice president, Government Relations<br />

Ronald l. iden<br />

senior Vice president, Global security<br />

Brent a. Woodford<br />

senior Vice president, planning and control<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 5

M O OPeratiOns: PrinciPal Businesses<br />

MeDia netWOrKs<br />

Richard W. cook<br />

chairman<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> Studios<br />

James a. Rasulo<br />

chairman<br />

<strong>Walt</strong> <strong>Disney</strong> Parks and Resorts<br />

George W. Bodenheimer<br />

co-chairman<br />

<strong>Disney</strong> Media Networks<br />

president<br />

ESPN, Inc. and ABC Sports<br />

chairman<br />

ESPN Board of Directors<br />

anne m. sweeney<br />

co-chairman<br />

<strong>Disney</strong> Media Networks<br />

president<br />

<strong>Disney</strong>-ABC Television Group<br />

andrew p. mooney<br />

chairman<br />

<strong>Disney</strong> Consumer Products Worldwide<br />

andy Bird<br />

president<br />

<strong>Walt</strong> <strong>Disney</strong> International<br />

stephen h. Wadsworth<br />

president<br />

<strong>Walt</strong> <strong>Disney</strong> Internet Group<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 6

OOPeratiOns

O OPeratiOns: stuDiO entertainMent<br />

pRoFile<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> Studios distributes motion pictures under <strong>Walt</strong> <strong>Disney</strong> Pictures - which includes<br />

<strong>Walt</strong> <strong>Disney</strong> Animation Studios and Pixar Animation Studios - Touchstone Pictures, Hollywood<br />

Pictures and Miramax Films. <strong>Walt</strong> <strong>Disney</strong> Studios Motion Pictures International serves as the<br />

studio’s international distribution arm. <strong>Walt</strong> <strong>Disney</strong> Studios Home Entertainment distributes <strong>Disney</strong><br />

and other film titles to the rental and sell-through home entertainment markets worldwide. <strong>Disney</strong><br />

<strong>The</strong>atrical Productions, one of the largest producers of Broadway musicals, also includes <strong>Disney</strong><br />

Live Family Entertainment and <strong>Disney</strong> on Ice. <strong>Disney</strong> Music Group distributes original music and<br />

motion picture soundtracks under <strong>Walt</strong> <strong>Disney</strong> Records, Hollywood Records, and Lyric Street<br />

Records. Advancing its strategy of developing outstanding creative content, <strong>Disney</strong> acquired<br />

renowned computer animation leader Pixar in an all-stock transaction completed in May 2006.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 8

O OPeratiOns: stuDiO entertainMent<br />

key Dates<br />

February 5, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> Studios joins forces with Academy Award-winning<br />

director Robert Zemeckis and his ImageMovers partners/producers Jack<br />

Rapke and Steve Starkey to form ImageMovers Digital, a new state of<br />

the art studio devoted exclusively to the production of 3D performance<br />

capture projects.<br />

march 2, 2007<br />

<strong>The</strong> Touchstone Pictures’ comedy, Wild Hogs, is<br />

released in theaters. <strong>The</strong> film went on to post a<br />

worldwide gross of $253 million.<br />

may 25, 2007<br />

<strong>The</strong> third installment of the Pirates franchise, Pirates of the Caribbean:<br />

At World’s End is released in theaters. <strong>The</strong> film finished its run with over<br />

$960 million in box office receipts, becoming the fifth largest worldwide<br />

release of all time.<br />

June 6, 2007<br />

<strong>The</strong> Lion King, Broad-<br />

way’s award-winning<br />

musical, opens for the<br />

first time in its homeland,<br />

debuting in Johannes-<br />

burg, South Africa.<br />

June 26, 2007<br />

Hannah Montana 2/Meet Miley Cyrus, the two-disc set featuring songs<br />

from the second season of the hit <strong>Disney</strong> Channel series, debuts at No.<br />

on the Billboard chart. <strong>The</strong> album remains in the Top 0 for 2 weeks.<br />

June 29, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>’s first full-length motion<br />

picture locally produced in China, <strong>The</strong> Magic Gourd, is<br />

released. <strong>The</strong> film was the No. family<br />

Chinese language film of the<br />

past five years.<br />

June 29, 2007<br />

Pixar Animation Studios’ Ratatouille is released in theaters,<br />

taking in over $620 million at the worldwide box office.<br />

July 25, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> announces a commitment to the Chairman of<br />

the House Telecommunications and the Internet Subcommittee that it will<br />

discourage depictions of cigarette smoking in its films and will place an<br />

anti-smoking PSA on DVD’s of any future film that does depict smoking.<br />

Further, <strong>Disney</strong> will work with theater owners to encourage the exhibition<br />

of an anti-smoking PSA before the theatrical exhibition of any such film.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 9

O OPeratiOns: stuDiO entertainMent<br />

august 14, 2007<br />

<strong>The</strong> soundtrack for High School Musical 2 is released, becoming the first<br />

television movie release to enter the Billboard 200 chart at No. , where it<br />

stayed for four consecutive weeks.<br />

november 3, 2007<br />

<strong>The</strong> Little Mermaid begins previews on Broadway at the Lunt-Fontanne<br />

<strong>The</strong>ater in preparation for its official January 0, 2008 opening.<br />

november 21, 2007<br />

<strong>Disney</strong>’s film, Enchanted, featuring a blend<br />

of live-action and animation, is released in<br />

theaters in time for the holidays.<br />

December 4, 2007<br />

Pirates of the Caribbean: At World’s End is released on DVD and Blu-ray disc.<br />

December 21, 2007<br />

December 11, 2007<br />

High School Musical 2 is released<br />

on DVD and Blu-ray disc, quickly<br />

becoming one of the top selling<br />

television titles on DVD.<br />

National Treasure: Book of Secrets, the second history-inspired adventure<br />

in the National Treasure franchise, opens in theaters.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 0

O OPeratiOns: stuDiO entertainMent<br />

Fast Facts<br />

As of fiscal year 2007, <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> had released domesti-<br />

cally 9 full-length live-action features, 79 full-length animated features,<br />

approximately 544 cartoon shorts and 53 live action shorts under the <strong>Walt</strong><br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007<br />

<strong>Disney</strong> Pictures, Pixar,<br />

Touchstone Pictures, Hol-<br />

lywood Pictures, Miramax<br />

and Dimension banners.<br />

Under the banners <strong>Walt</strong><br />

<strong>Disney</strong> Pictures, Pixar,<br />

Touchstone<br />

Pictures,<br />

Hollywood<br />

Pictures, Miramax and Dimension,<br />

,4 0 produced and acquired titles,<br />

including , 76 live-action titles and 234<br />

cartoon shorts and animated features, were available to the domestic<br />

home-entertainment marketplace and 3,070 produced and acquired titles,<br />

including 2,270 live-action titles and 800 cartoon shorts and animated<br />

features, were available to the international home-entertainment market.<br />

<strong>Walt</strong> <strong>Disney</strong> Studios Home Entertainment maintains of the top 25<br />

features, 22 of the top 25 animated features and 7 of the top 25 directto-videos<br />

in home video, in terms of units sold.*<br />

Pirates of the Caribbean: <strong>The</strong> Curse of the Black Pearl is currently the<br />

5th best sell-through feature video of all time in terms of units sold, moving<br />

up from the 8th spot since last year. *<br />

Pirates of the Caribbean: At World’s End and the <strong>Disney</strong>/Pixar hit Ratatouille,<br />

both finished in the top ten at the<br />

box office for calendar year 2007.<br />

*As of 8/ 2/07<br />

Cars is the 23rd best-selling animated<br />

feature on home video, in terms of units<br />

sold. *<br />

<strong>The</strong> Lion King, which recently<br />

celebrated its 0th anniversary<br />

on Broadway, has been seen by<br />

over 44 million people worldwide.<br />

2007 was the biggest year for the <strong>Walt</strong><br />

<strong>Disney</strong> Records label, celebrating its 2th<br />

consecutive year as the world’s No.<br />

children’s label.<br />

<strong>The</strong>re are currently 2 <strong>Disney</strong> Live Family<br />

Entertainment productions that result in over 3,000 performances yearly<br />

in 50 countries around the world.<br />

<strong>Disney</strong> Live! has three different<br />

shows touring around<br />

the world, Winnie the Pooh,<br />

Mickey’s Magic Show and<br />

Playhouse <strong>Disney</strong> Live!<br />

<strong>The</strong>re are seven different<br />

<strong>Disney</strong> On Ice<br />

shows touring, including<br />

<strong>Disney</strong>’s High School<br />

Musical: <strong>The</strong> Ice Tour,<br />

the newest show with<br />

two domestic companies<br />

and one international<br />

company.

O OPeratiOns: stuDiO entertainMent<br />

stUDio enteRtainment - BUsiness WeBsites<br />

theatrical Film Banners<br />

<strong>Walt</strong> <strong>Disney</strong> Pictures disneypictures.com<br />

<strong>Walt</strong> <strong>Disney</strong> Animation Studios disney.go.com<br />

Pixar Animation Studios pixar.com<br />

Touchstone Pictures touchstonepictures.com<br />

Hollywood Pictures<br />

Miramax Films miramax.com<br />

Distribution entities<br />

<strong>Walt</strong> <strong>Disney</strong> Studios Home Entertainment disneyvideos.com<br />

video.com<br />

<strong>Walt</strong> <strong>Disney</strong> Studios Motion Pictures International bvimovies.com<br />

buenavistalatino.com<br />

<strong>Disney</strong> theatrical Group<br />

<strong>Disney</strong> <strong>The</strong>atrical Productions disneyonbroadway.com<br />

<strong>Disney</strong> Live Family Entertainment disneylive.com<br />

<strong>Disney</strong> on Ice disneyonice.com<br />

<strong>Disney</strong> music Group<br />

<strong>Walt</strong> <strong>Disney</strong> Records disneyrecords.com<br />

Hollywood Records hollywoodrecords.com<br />

Lyric Street Records lyricstreet.com<br />

the <strong>Walt</strong> <strong>Disney</strong> stUDio - U.s. theatRical Releases Fy07<br />

title Banner Release Date<br />

Q1 Fy07<br />

<strong>The</strong> Prestige Touchstone 0/20/06<br />

<strong>The</strong> Santa Clause 3: <strong>The</strong> Escape Clause <strong>Disney</strong> /3/06<br />

Déjà Vu Touchstone /22/06<br />

Apocalypto Touchstone 2/8/06<br />

Breaking and Entering* Miramax 2/ 5/06<br />

Venus Miramax 2/2 /06<br />

Q2 Fy07<br />

Primeval Hollywood / 2/07<br />

Bridge to Terabithia <strong>Disney</strong> 2/ 6/07<br />

Wild Hogs Touchstone 3/2/07<br />

<strong>The</strong> Lookout Miramax 3/30/07<br />

Meet the Robinsons <strong>Disney</strong> 3/30/07<br />

Q3 Fy07<br />

<strong>The</strong> Hoax Miramax 4/6/07<br />

<strong>The</strong> Invisible Hollywood 4/27/07<br />

Golden Door Miramax 5/25/07<br />

Pirates of the Caribbean: At World’s End <strong>Disney</strong> 5/25/07<br />

Eagle vs. Shark Miramax 6/ 5/07<br />

Ratatouille <strong>Disney</strong> 6/29/07<br />

Q4 Fy07<br />

Underdog <strong>Disney</strong> 8/3/07<br />

Becoming Jane Miramax 8/3/07<br />

<strong>The</strong> Game Plan <strong>Disney</strong> 9/28/07<br />

* Miramax did not distribute domestically.<br />

<strong>Walt</strong> <strong>Disney</strong> stUDios home enteRtainment Domestic key<br />

Releases<br />

title Release Date<br />

Q1 Fy07<br />

<strong>The</strong> Little Mermaid (2-Disc Platinum Edition) 0/3/06<br />

<strong>The</strong> Fox and the Hound (25th Anniversary Edition) 0/ 0/06<br />

Cars /7/06<br />

<strong>The</strong> Cheetah Girls 2 /28/06<br />

Pirates of the Caribbean: Dead Man’s Chest 2/5/06<br />

<strong>The</strong> Fox and the Hound 2 2/ 2/06<br />

Air Buddies 2/ 2/06<br />

Step Up 2/ 9/06<br />

Invincible 2/ 9/06<br />

Q2 Fy07<br />

<strong>The</strong> Night Listener /9/07<br />

<strong>The</strong> Guardian /23/07<br />

Cinderella III - A Twist in Time 2/6/07<br />

<strong>The</strong> Prestige 2/20/07<br />

Peter Pan (Two-Disc Platinum Edition) 3/6/07<br />

Q3 Fy07<br />

<strong>The</strong> Queen 4/24/07<br />

Déjà Vu 4/24/07<br />

Apocalypto 5/22/07<br />

Primeval 6/ 2/07<br />

<strong>The</strong> Many Adventures of Winnie the Pooh: <strong>The</strong> Friendship Edition 6/ 9/07<br />

Bridge To Terabithia 6/ 9/07<br />

Q4 Fy07<br />

<strong>The</strong> Lookout 8/ 4/07<br />

Wild Hogs 8/ 4/07<br />

Ugly Betty - <strong>The</strong> Complete First Season 8/2 /07<br />

<strong>Disney</strong> Princess Enchanted Tales: Follow Your Dreams 9/4/07<br />

Desperate Housewives - <strong>The</strong> Complete Third Season 9/4/07<br />

Grey’s Anatomy - <strong>The</strong> Complete Third Season 9/ /07<br />

Brothers and Sisters - <strong>The</strong> Complete First Season 9/ 8/07<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 2

O OPeratiOns: stuDiO entertainMent<br />

<strong>Walt</strong> <strong>Disney</strong> stUDios home enteRtainment’s all-time Best<br />

selleRs<br />

North America Ranked By Net Shipments<br />

Extrapolated Nielsen Entertainment as of 08/ 2/07 and WDSHE data<br />

Formats: DVD and VHS<br />

top 25 inDUstRy RankinGs (as oF 08/12/07)<br />

(WDshe has 11 of top 25)<br />

titles<br />

<strong>The</strong> Lion King<br />

4 Finding Nemo<br />

6 Aladdin<br />

8 Toy Story<br />

9 Beauty and the Beast<br />

0 Snow White and the Seven Dwarfs<br />

<strong>The</strong> Little Mermaid<br />

2 Cinderella<br />

5 Pirates of the Caribbean: <strong>The</strong> Curse of the Black Pearl<br />

7 Bambi<br />

23 Monsters, Inc.<br />

top 25 animateD RankinGs<br />

(WDshe has 22 of top 25)<br />

animated titles<br />

<strong>The</strong> Lion King<br />

3 Finding Nemo<br />

4 Aladdin<br />

5 Toy Story<br />

6 Beauty and the Beast<br />

7 Snow White and the Seven Dwarfs<br />

8 <strong>The</strong> Little Mermaid<br />

9 Cinderella<br />

Bambi<br />

2 Monsters, Inc.<br />

3 Pocahontas<br />

4 <strong>The</strong> Fox and the Hound<br />

6 A Bug’s Life<br />

7 <strong>The</strong> Incredibles<br />

8 0 Dalmatians<br />

9 Toy Story 2<br />

20 Peter Pan<br />

2 Pinocchio<br />

22 <strong>The</strong> Jungle Book<br />

23 Cars<br />

24 Sleeping Beauty<br />

25 <strong>The</strong> Aristocats<br />

top 25 DiRect-to-ViDeo RankinGs<br />

(WDshe has 17 of top 25)<br />

Direct to Video titles<br />

<strong>The</strong> Lion King 2 - Simba’s Pride<br />

2 Aladdin: <strong>The</strong> Return of Jafar<br />

3 Aladdin & King Of Thieves<br />

4 Beauty and the Beast - <strong>The</strong> Enchanted Christmas<br />

5 <strong>The</strong> Lion King /2<br />

6 Lady & <strong>The</strong> Tramp II - Scamp’s Adventure<br />

7 <strong>The</strong> Little Mermaid II - Return to the Sea<br />

8 Pooh’s Grand Adventure - <strong>The</strong> Search for Christopher Robin<br />

9 Cinderella II - Dreams Come True<br />

3 Pocahontas II - Journey to a New World<br />

5 Bambi II<br />

7 Stitch! <strong>The</strong> Movie<br />

8 Fun and Fancy Free<br />

20 Buzz Lightyear of Star Command: <strong>The</strong> Adventure Begins<br />

2 Cinderella III - A Twist in Time<br />

22 Mickey’s Once Upon a Christmas<br />

24 Tarzan & Jane<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 3

O OPeratiOns: ParKs anD resOrts<br />

pRoFile<br />

<strong>The</strong> <strong>Company</strong> owns and operates the <strong>Walt</strong> <strong>Disney</strong> World Resort in Florida, the <strong>Disney</strong>land Resort in<br />

California, the <strong>Disney</strong> Cruise Line, eight <strong>Disney</strong> Vacation Club properties, Adventures by <strong>Disney</strong>, and<br />

ESPN Zone facilities in several states. <strong>The</strong> <strong>Company</strong> manages and has effective ownership interests<br />

of 5 % and 43%, respectively, in the <strong>Disney</strong>land Resort Paris and Hong Kong <strong>Disney</strong>land Resort.<br />

<strong>The</strong> <strong>Company</strong> also licenses the operations of the Tokyo <strong>Disney</strong> Resort in Japan. <strong>The</strong> <strong>Company</strong>’s<br />

<strong>Walt</strong> <strong>Disney</strong> Imagineering unit designs and develops new theme park concepts and attractions as<br />

well as resort properties.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 4

O OPeratiOns: ParKs anD resOrts<br />

key Dates<br />

January 24, 2007<br />

<strong>Disney</strong> Vacation Club announces the development of a new time-share<br />

resort on <strong>Walt</strong> <strong>Disney</strong> World property at <strong>Disney</strong>’s Animal Kingdom<br />

Lodge. <strong>Disney</strong>’s<br />

Animal Kingdom<br />

Villas opened an<br />

initial phase in the<br />

summer of 2007,<br />

with full comple-<br />

tion scheduled for<br />

spring 2009.<br />

January 26, 2007<br />

<strong>Walt</strong> <strong>Disney</strong> World<br />

and <strong>Disney</strong>land Re-<br />

sort announce plans<br />

to open Toy Story Mania!, a new attraction celebrating the <strong>Disney</strong>-<br />

Pixar classics Toy Story and Toy Story II. Starting in 2008, Toy Story<br />

February 22, 2007<br />

Concept Art<br />

<strong>Disney</strong> announces that it is expanding<br />

its cruise business by adding two ocean<br />

liners, one in 20 and one in 20 2. <strong>The</strong><br />

new ships will each be 24,000 tons with<br />

,250 staterooms.<br />

Mania! will immerse guests of<br />

<strong>Disney</strong>’s Hollywood Studios<br />

(formerly <strong>Disney</strong>-MGM Stu-<br />

dios) and <strong>Disney</strong>’s California<br />

Adventure in the Toy Story<br />

world.<br />

June 11, 2007<br />

<strong>Disney</strong> officials officially open Finding Nemo Submarine Voyage, the<br />

return of an updated classic attraction at <strong>Disney</strong>land.<br />

august 9, 2007<br />

<strong>Walt</strong> <strong>Disney</strong> Parks and Resorts<br />

announces the re-branding of its<br />

<strong>Disney</strong>-MGM Studios park in Florida<br />

to <strong>Disney</strong>’s Hollywood Studios, effective<br />

January 7, 2008. In addition to<br />

the park’s new look, brand new attractions and experiences<br />

are announced.<br />

Artist Rendering<br />

september 18, 2007<br />

Responding to a growing demand for guest accommodations in Anaheim,<br />

the <strong>Disney</strong>land Resort announces an expansion of <strong>Disney</strong>’s Grand Californian<br />

Hotel & Spa that will increase accommodations by more than 30<br />

percent and will include the first<br />

<strong>Disney</strong> Vacation Club villas on the<br />

West Coast of the United States.<br />

<strong>The</strong> expansion is scheduled for<br />

completion in late 2009.<br />

october 1, 2007<br />

<strong>Disney</strong> Parks announces that<br />

<strong>The</strong> Year of a Million Dreams<br />

celebration will extend through-<br />

Artist Rendering<br />

out calendar year 2008 at <strong>Disney</strong>land Resort in California and <strong>Walt</strong> <strong>Disney</strong><br />

World Resort in Florida, highlighted by the debut of new attractions and<br />

entertainment – and the<br />

2008 <strong>Disney</strong> Dreams<br />

Giveaway in which<br />

more than one million<br />

more dreams will be<br />

awarded.<br />

Artist Rendering<br />

october 3, 2007<br />

<strong>Walt</strong> <strong>Disney</strong> Parks &<br />

Resorts announces the<br />

purchase of rights to<br />

2 acres of oceanfront<br />

property on Hawaii’s<br />

island of Oahu, which will be home to its first mixeduse<br />

family resort outside of the company’s theme park<br />

developments.<br />

Concept Art<br />

Artist Rendering<br />

october 17, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> unveils a significant<br />

multi-year expansion plan for the<br />

<strong>Disney</strong>land Resort in Anaheim. <strong>The</strong> expansion<br />

will bring new entertainment and major<br />

family-oriented attractions to <strong>Disney</strong>’s California<br />

Adventure, including an entirely new<br />

‘Cars Land’ inspired by the hit <strong>Disney</strong>/Pixar<br />

animated film Cars.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 5

O OPeratiOns: ParKs anD resOrts<br />

Fast Facts<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> World Resort is located 22 miles southwest of Orlando,<br />

Florida, on approximately 25,000 acres of owned land of which less than<br />

one-fourth has been developed with another quarter designated as a<br />

wilderness preserve.<br />

Covering 40 square miles, <strong>Walt</strong> Dis-<br />

ney World Resort is about the size<br />

of San Francisco or two Manhattan<br />

islands.<br />

<strong>Disney</strong>’s animal kingdom park features more than 300 species of<br />

mammals, birds, reptiles and amphibians and 3,000 varieties of trees and<br />

plants on more than 500 acres of land.<br />

<strong>Disney</strong>’s Wide World of Sports Complex at<br />

<strong>Walt</strong> <strong>Disney</strong> World is the official pre-season<br />

training site for MLB’s Atlanta Braves and<br />

has a capacity exceeding 9,500.<br />

In Anaheim, 50 <strong>Disney</strong> Vacation club villas<br />

and 200 additional hotel rooms at <strong>Disney</strong>’s<br />

Grand Californian Hotel & Spa are scheduled<br />

for completion in late 2009.<br />

More than 4 million guests of <strong>Walt</strong><br />

<strong>Disney</strong> World Resort hotels have<br />

used <strong>Disney</strong>’s Magical Express since<br />

the airport shuttle, luggage delivery and<br />

airline check-in service launched May 5, 2005<br />

On average, 250,000 Guests at the <strong>Walt</strong><br />

<strong>Disney</strong> World Resort ride the various forms<br />

of “mass transit” every day, which include monorails, ferryboats, bus<br />

services and water taxis.<br />

Originally, the front view of <strong>Disney</strong>land’s<br />

Sleeping Beauty Castle was to be the<br />

rear. One day, <strong>Walt</strong> walked in on designers,<br />

picked up the model and turned it<br />

completely around. He liked it better with<br />

the rear facing forward — so that was the<br />

way it was built.<br />

To date, more than 500 million Guests have<br />

passed through the gates of <strong>Disney</strong>land<br />

Park in Anaheim.<br />

<strong>The</strong>re are over 2,000 weddings at the <strong>Walt</strong> <strong>Disney</strong> World Resort<br />

and <strong>Disney</strong>land Resort combined each year.<br />

At <strong>Walt</strong> <strong>Disney</strong> Studios in Paris, during the resort’s<br />

5th anniversary celebration, two new Pixar-themed<br />

attractions debuted: Cars Race Rally and Crush’s<br />

Coaster. <strong>Disney</strong>land Resort paris will open the<br />

Tower of Terror attraction, as well as the highly<br />

interactive Stitch Live, in 2008.<br />

<strong>Disney</strong>land Resort paris is the No. tourist<br />

destination in Europe.<br />

<strong>Walt</strong> <strong>Disney</strong> imagineering holds more than<br />

00 patents in special effects, ride systems, interactive<br />

technology, live entertainment, fiber optics and advanced<br />

audio systems.<br />

Since 2000, <strong>Disney</strong> Vacation club membership has doubled to include<br />

more than 350,000 individuals from more than 00 countries and every<br />

U.S. state.<br />

<strong>The</strong>re are enough of the famous “Mouse Ear” hats sold each year to<br />

cover the head of every man, woman and child in Pittsburgh and enough<br />

<strong>Disney</strong> character T-shirts to put Mickey Mouse’s smiling face on the chest<br />

of every Chicagoan.<br />

In 2008, adventures by <strong>Disney</strong> is once<br />

again increasing its vacation offerings,<br />

bringing the total number of<br />

itineraries to 7.<br />

In February 2007, hong kong <strong>Disney</strong>land Hotel was awarded “<strong>The</strong> Top<br />

0 <strong>The</strong>me Hotels of China” and “<strong>The</strong> Top 0 Most<br />

Attractive Hotels of China” at the<br />

“2006 China Hotels Star Award”<br />

Celebration.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 6

O OPeratiOns: ParKs anD resOrts<br />

paRks anD ResoRts — WeBsites<br />

<strong>Walt</strong> <strong>Disney</strong> World Resort disneyworld.com<br />

<strong>Disney</strong>land Resort disneyland.com<br />

Tokyo <strong>Disney</strong> Resort tokyodisneyresort.co.jp<br />

<strong>Disney</strong>land Resort Paris disneylandparis.com<br />

Hong Kong <strong>Disney</strong>land Resort hongkongdisneyland.com<br />

<strong>Disney</strong> Vacation Club disneyvacationclub.com<br />

<strong>Disney</strong> Cruise Line disneycruise.com<br />

ESPN Zone espnzone.com<br />

Adventures by <strong>Disney</strong> adventuresbydisney.com<br />

World of <strong>Disney</strong> Stores worldofdisney.com<br />

<strong>Disney</strong>’s Virtual Magic Kingdom vmk.com<br />

<strong>Disney</strong> theme paRk openinG Dates<br />

Date park location acreage<br />

July 955 <strong>Disney</strong>land Park Anaheim, CA 85<br />

Oct 97 Magic Kingdom Lake Buena Vista, FL 42<br />

Oct 982 Epcot Lake Buena Vista, FL 300<br />

April 983 Tokyo <strong>Disney</strong>land Urayasu, Chiba, FL 26<br />

May 989 <strong>Disney</strong>’s Hollywood Studios* Lake Buena Vista, FL 54<br />

April 992 <strong>Disney</strong>land Paris Marne La Valle, FR 26<br />

April 998 <strong>Disney</strong>’s Animal Kingdom Lake Buena Vista, FL 500<br />

Feb 200 <strong>Disney</strong>’s California Adventure Anaheim, CA 55<br />

Sept 200 Tokyo <strong>Disney</strong>Sea Urayasu, Chiba, JP 22<br />

March 2002 <strong>Walt</strong> <strong>Disney</strong> Studios Paris Marne La Valle, FR 62<br />

Sept 2005 Hong Kong <strong>Disney</strong>land Lantau Island, HK, CH 3 0**<br />

* Formerly <strong>Disney</strong>-MGM Studios<br />

**Figure represents total property acreage<br />

<strong>Walt</strong> <strong>Disney</strong> WoRlD - maGic yoUR Way ticket pRices<br />

(as oF 9/30/2007)<br />

Base Ticket Ticket Options<br />

<strong>The</strong>me Ages 0+ Ages 3-9 Hopper Water fun<br />

Park Days Option & More<br />

-day $7 .00 $60.00 $45.00 $50 (2 visits)<br />

2-day $ 39.00 $ 7.00 $45.00 $50 (2 visits)<br />

3-day $203.00 $ 7 .00 $45.00 $50 (3 visits)<br />

4-day $2 2.00 $ 78.00 $45.00 $50 (4 visits)<br />

5-day $2 5.00 $ 79.00 $45.00 $50 (5 visits)<br />

6-day $2 7.00 $ 8 .00 $45.00 $50 (6 visits)<br />

7-day $2 9.00 $ 82.00 $45.00 $50 (7 visits)<br />

8-day $22 .00 $ 85.00 $45.00 $50 (8 visits)<br />

9-day $223.00 $ 86.00 $45.00 $50 (9 visits)<br />

0-day $225.00 $ 87.00 $45.00 $50 ( 0 visits)<br />

Domestic oWneD conVention space<br />

<strong>Walt</strong> <strong>Disney</strong> World Resort convention space<br />

net meeting<br />

<strong>Disney</strong>-owned Resorts space (sq. ft.)<br />

<strong>Disney</strong>’s BoardWalk Inn 20,000<br />

<strong>Disney</strong>’s Contemporary Resort 5,000<br />

<strong>Disney</strong>’s Coronado Springs Resort 220,000<br />

<strong>Disney</strong>’s Grand Floridian Resort & Spa 40,000<br />

<strong>Disney</strong>’s Yacht & Beach Club Resorts 73,000<br />

<strong>Disney</strong>land Resort convention space<br />

net meeting<br />

<strong>Disney</strong>-owned Resorts space (sq. ft.)<br />

<strong>The</strong> <strong>Disney</strong>land Hotel 36,000<br />

<strong>Disney</strong>’s Paradise Pier Hotel 30,000<br />

<strong>Disney</strong>’s Grand Californian Hotel 20,000<br />

<strong>Disney</strong> Vacation clUB pRopeRties<br />

space opening Date # Units<br />

<strong>Disney</strong>’s Old Key West Resort December 99 53<br />

<strong>Disney</strong>’s Vero Beach Resort October 995 75<br />

<strong>Disney</strong>’s Hilton Head Island Resort March 996 02<br />

<strong>Disney</strong>’s Boardwalk Villas<br />

<strong>The</strong> Villas at <strong>Disney</strong>’s<br />

October 996 383<br />

Wilderness Lodge November 2000 36<br />

<strong>Disney</strong>’s Beach Club Villas July 2002 208<br />

<strong>Disney</strong>’s Saratoga Springs Resort & Spa May 2004 828<br />

<strong>Disney</strong>’s Animal Kingdom Villas July 2007 458*<br />

total 2,363<br />

*Upon phased completion<br />

<strong>Disney</strong> ReGional enteRtainment<br />

espn Zone location opening Date<br />

Baltimore, Maryland July 6, 998<br />

Chicago, Illinois July 0, 999<br />

New York, New York September 6, 999<br />

Atlanta, Georgia January 30, 2000<br />

Washington, DC April 3, 2000<br />

Anaheim, California January , 200<br />

Las Vegas, Nevada July 9, 200<br />

Denver, Colorado December 6, 200<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 7

O OPeratiOns: ParKs anD resOrts<br />

<strong>Walt</strong> <strong>Disney</strong> paRks anD ResoRt Fact sheet<br />

Business Unit opened Resort size (acres) (a) # of hotels/Venues (b) # of hotel Rooms<br />

<strong>Disney</strong>land Resort 5 0 (c) 3 2,203<br />

<strong>Disney</strong>land Park 955<br />

<strong>Disney</strong>’s California Adventure 200<br />

<strong>Walt</strong> <strong>Disney</strong> World Resort 25,000 (d) 7 (e) 22,343<br />

<strong>The</strong> Magic Kingdom 97<br />

Epcot 982<br />

<strong>Disney</strong>’s Hollywood Studios (j) 989<br />

<strong>Disney</strong>’s Animal Kingdom 998<br />

<strong>Disney</strong>’s Typhoon Lagoon 989<br />

<strong>Disney</strong>’s Blizzard Beach 995<br />

<strong>Disney</strong>’s Wide World of Sports 997<br />

<strong>Disney</strong> Vacation club 99 N/A 8 (f) 2,400<br />

tokyo <strong>Disney</strong> Resort (g) 494 2 ,006<br />

Tokyo <strong>Disney</strong>land Park 983<br />

Tokyo <strong>Disney</strong>Sea 200<br />

<strong>Disney</strong>land Resort paris (h) 4,800 (d) 7 5,760<br />

<strong>Disney</strong>land Paris 992<br />

<strong>Walt</strong> <strong>Disney</strong> Studios Paris 2002<br />

hong kong <strong>Disney</strong>land (i) 2005 3 0 2 ,000<br />

<strong>Disney</strong> cruise line<br />

<strong>Disney</strong> Magic 998 964ft. N/A 877<br />

<strong>Disney</strong> Wonder 999 964ft. N/A 877<br />

<strong>Disney</strong> Regional entertainment 998 N/A 8 ESPN Zones N/A<br />

<strong>Walt</strong> <strong>Disney</strong> imagineering 952 N/A N/A N/A<br />

the World of <strong>Disney</strong> stores 996 N/A 3 N/A<br />

TOTAL Hotels: 38<br />

TOTAL Hotel rooms: 34,000+<br />

All figures are approximations as of December 2007<br />

(a) Includes theme parks, hotels, dining and entertainment areas and surrounding land<br />

(b) Includes only hotels and <strong>Disney</strong> Vacation Club properties owned and operated<br />

by <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>; Oriental Land Co., Ltd.;<br />

Euro <strong>Disney</strong> S.C.A.; and Hong Kong International <strong>The</strong>me Parks, Ltd.<br />

(c) Total acreage including 4 6 <strong>Company</strong> owned acres and 49 acres under longterm<br />

lease in Anaheim, CA<br />

(d) Total acreage, including undeveloped land<br />

(e) Includes Fort Wilderness Resort & Campground, but does not include <strong>Disney</strong><br />

Vacation Club properties<br />

(f) Includes the six <strong>Disney</strong> Vacation Club properties at the <strong>Walt</strong> <strong>Disney</strong> World Resort<br />

(g) A subsidiary of <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> earns royalties on revenues<br />

generated by the Tokyo <strong>Disney</strong> Resort, which is owned and operated by<br />

Oriental Land Co., Ltd., a Japanese corporation.<br />

(h) <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> has an indirect investment in Euro <strong>Disney</strong> S.C.A.,<br />

a publicly held French entity that owns <strong>Disney</strong>land Resort Paris. A subsidiary of<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> manages the resort and another subsidiary earns<br />

royalties on <strong>Disney</strong>land Resort Paris revenues.<br />

(i) <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> owns a 43% interest in the Hong Kong <strong>Disney</strong>land<br />

Resort through Hongkong International <strong>The</strong>me Parks Limited. A separate<br />

Hong Kong subsidiary of the <strong>Company</strong> is responsible for managing Hong Kong<br />

<strong>Disney</strong>land Resort.<br />

(j) Formerly <strong>Disney</strong>-MGM Studios<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 8

O OPeratiOns: ParKs anD resOrts<br />

Fastpass attRactions<br />

<strong>Disney</strong>lanD ResoRt (13 total)<br />

<strong>Disney</strong>land<br />

Autopia<br />

Big Thunder Mountain Railroad<br />

Buzz Lightyear Astro Blasters<br />

Haunted Mansion (seasonal)<br />

Indiana Jones Adventure<br />

Roger Rabbit’s Car Toon Spin<br />

Space Mountain<br />

Splash Mountain<br />

<strong>Disney</strong>’s california adventure<br />

California Screamin’<br />

Grizzly River Run<br />

Mulholland Madness<br />

Soarin’ Over California<br />

Twilight Zone Tower of Terror<br />

<strong>Walt</strong> <strong>Disney</strong> WoRlD ResoRt (27 total)<br />

magic kingdom<br />

Big Thunder Mountain Railroad<br />

Buzz Lightyear’s Space Ranger Spin<br />

Jungle Cruise<br />

Mickey’s PhilharMagic<br />

Peter Pan’s Flight<br />

Space Mountain<br />

Splash Mountain<br />

Stitch’s Great Escape!<br />

<strong>The</strong> Many Adventures of Winnie the Pooh<br />

epcot<br />

Honey, I Shrunk the Audience<br />

Living with the Land<br />

Maelstrom<br />

Mission: SPACE<br />

Soarin’<br />

Test Track<br />

<strong>Disney</strong>’s hollywood studios*<br />

Indiana Jones Epic Stunt Spectacular!<br />

Lights, Motors, Action! Extreme Stunt Show<br />

Rock ‘n’ Roller Coaster<br />

Star Tours<br />

<strong>The</strong> Twilight Zone Tower of Terror<br />

Voyage of the Little Mermaid<br />

*Formerly <strong>Disney</strong>-MGM Studios<br />

animal kingdom<br />

DINOSAUR<br />

Expedition Everest<br />

It’s Tough to be a Bug!<br />

Kali River Rapids<br />

Kilimanjaro Safaris<br />

Primeval Whirl<br />

tokyo <strong>Disney</strong> ResoRt (14 total)<br />

tokyo <strong>Disney</strong>land<br />

Big Thunder Mountain<br />

Buzz Lightyear’s Astro Blasters<br />

Haunted Mansion<br />

MicroAdventure!<br />

Pooh’s Hunny Hunt<br />

Space Mountain<br />

Splash Mountain<br />

tokyo <strong>Disney</strong>sea<br />

20,000 Leagues Under the Sea<br />

Indiana Jones Adventure: Temple of the Crystal Skull<br />

Journey to the Center of the Earth<br />

Mermaid Lagoon <strong>The</strong>ater<br />

Raging Spirits<br />

StormRider!<br />

<strong>The</strong> Magic Lamp <strong>The</strong>ater<br />

<strong>Disney</strong>lanD ResoRt paRis (9 total)<br />

<strong>Disney</strong>land paris<br />

Big Thunder Mountain<br />

Indiana Jones and the Temple of Peril<br />

Peter Pan’s Flight<br />

Space Mountain: Mission 2<br />

Buzz Lightyear Laser Blast<br />

Star Tours<br />

<strong>Walt</strong> <strong>Disney</strong> studios park<br />

Flying Carpets Over Agrabah (seasonal)<br />

Rock ‘n’ Roller Coaster starring Aerosmith (seasonal)<br />

Studio Tram Tour (seasonal)<br />

honG konG <strong>Disney</strong>lanD (5)<br />

Buzz Lightyear Astro Blasters<br />

Mickey’s PhilharMagic<br />

Space Mountain<br />

<strong>The</strong> Many Adventures of Winnie the Pooh<br />

<strong>The</strong>ater in the Wild featuring Festival of the Lion King<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 9

O OPeratiOns: cOnsuMer PrODucts<br />

pRoFile<br />

<strong>Disney</strong> Consumer Products and affiliates extend the <strong>Disney</strong> brand to merchandise ranging from apparel, toys,<br />

home décor and books and magazines to interactive games, foods and beverages, stationery, electronics and<br />

fine art. This is accomplished through <strong>Disney</strong> Consumer Products’ various lines of business which include:<br />

<strong>Disney</strong> Toys, <strong>Disney</strong> Apparel, Accessories & Footwear, <strong>Disney</strong> Food, Health & Beauty, <strong>Disney</strong> Home and<br />

<strong>Disney</strong> Stationery.<br />

<strong>Disney</strong> Publishing Worldwide is the world’s largest publisher of children’s books and magazines, reaching<br />

more than 00 million readers each month in 75 countries. <strong>Disney</strong>’s imprints include <strong>Disney</strong> Libri, Hyperion<br />

Books for Children, Jump At the Sun, <strong>Disney</strong> Press, and <strong>Disney</strong> Editions.<br />

Other businesses involved in <strong>Disney</strong>’s consumer products sales are <strong>Disney</strong> Interactive Studios, developing<br />

and publishing interactive entertainment, and disneyshopping.com, the <strong>Company</strong>’s official shopping portal.<br />

<strong>The</strong> <strong>Disney</strong> stores retail chain, which debuted in 987, is owned and operated by unaffiliated third parties in<br />

North America and Japan under a license agreement with <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>. <strong>Disney</strong> owns and<br />

operates the <strong>Disney</strong> Store chain in Europe.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 20

O OPeratiOns: cOnsuMer PrODucts<br />

key Dates<br />

February 8, 2007<br />

<strong>Disney</strong> announces the renaming<br />

of its video game business unit<br />

to <strong>Disney</strong> Interactive Studios. In<br />

2007, video games included titles<br />

based on the Hannah Montana and<br />

High School Musical franchises.<br />

February 22, 2007<br />

<strong>Disney</strong> announces<br />

the debut of the <strong>Walt</strong><br />

<strong>Disney</strong> Signature col-<br />

lection, its first upscale,<br />

non-character furniture<br />

line.<br />

may 22, 2007<br />

February 22, 2007<br />

<strong>Disney</strong> launches “Fairy Tale Wed-<br />

dings” Bridal Collection by celebrat-<br />

ed designer Kirstie Kelly.<br />

march 13, 2007<br />

<strong>Disney</strong> Interactive Studios’<br />

first original intellectual<br />

property, Spectrobes for<br />

the Nintendo DS, is<br />

released in retail stores<br />

worldwide. <strong>The</strong> game sold<br />

more than 850,000 units<br />

worldwide.<br />

<strong>Disney</strong> Interactive Studios releases Pirates of the Caribbean: At World’s<br />

End video games, inspired by the events, locations and characters from<br />

both the second and third Pirates of the Caribbean films. More than 2<br />

million units have been shipped worldwide.<br />

June 14, 2007<br />

<strong>Disney</strong> Interactive Studios introduces video<br />

game lineup based on <strong>Disney</strong> Channel series<br />

including Hannah Montana, <strong>The</strong> Cheetah<br />

Girls, <strong>The</strong> Suite Life of Zack & Cody, High<br />

School Musical and Power Rangers.<br />

June 20, 2007<br />

June 18, 2007<br />

<strong>Disney</strong>’s first console video game cre-<br />

ated specifically for young girls, Dis-<br />

ney Princess: Enchanted Journey for<br />

Wii from Nintendo, PlayStation ® 2<br />

computer entertainment system and<br />

Windows PC, is released.<br />

<strong>Disney</strong> Consumer Products is recognized with two awards at the 2006<br />

International Licensing Industry Merchandisers’ Association (LIMA)<br />

Awards in New York, taking top prize for “2006 Overall Best License of<br />

the Year Award” as well as the “2006 Best Film, Television and Entertain-<br />

ment Brand License of the Year Award,” both awarded for its work on<br />

<strong>Disney</strong>·Pixar’s Cars.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 2

O OPeratiOns: cOnsuMer PrODucts<br />

June 28, 2007<br />

<strong>Disney</strong> launches BLOC28 By <strong>Disney</strong>, a new label that connects today’s<br />

contemporary art culture with <strong>Disney</strong>’s iconic character, Mickey Mouse.<br />

august 13, 2007<br />

august 1, 2007<br />

Fairy Haven and the Quest for the Wand,<br />

the Tinker Bell & <strong>Disney</strong> Fairies sequel to<br />

Fairy Dust and the Quest for the Egg, ar-<br />

rives in bookstores nationwide, kicking off<br />

a series of <strong>Disney</strong> Fairies initiatives and<br />

product launches.<br />

<strong>Disney</strong> Consumer Products unveils electronics for tweens with its new fall<br />

line-up, including the <strong>Disney</strong> Flix Video Cam, high-quality iPod compat-<br />

ible speakers and the debut of the first line of <strong>Disney</strong> LCD TVs. Products<br />

are inspired by some<br />

of <strong>Disney</strong>’s most<br />

popular franchises,<br />

including <strong>Disney</strong><br />

Princess, Pirates of<br />

the Caribbean, and<br />

<strong>Disney</strong> Channel’s<br />

High School Musical<br />

and Hannah Mon-<br />

tana.<br />

september 26, 2007<br />

KB Home, one of the nation’s largest homebuilders, and <strong>Disney</strong> Con-<br />

sumer Products announce a collaboration to offer<br />

<strong>Disney</strong> Home product options to KB Home homebuy-<br />

ers. Beginning in 2008, KB Home homebuyers will be<br />

able to create custom <strong>Disney</strong> rooms in their own new<br />

homes by selecting among the many <strong>Disney</strong> options<br />

to be offered at KB Home Studios.<br />

october 12, 2007<br />

<strong>Disney</strong> Garden, a new line of character-themed fruit and vegetable<br />

snacks and sides launches, offering healthy, character-themed food<br />

choices that meet <strong>Disney</strong>’s food<br />

guidelines, which place<br />

limits on calories, fat,<br />

saturated fat, sugar<br />

and sodium.<br />

october 22, 2007<br />

<strong>Disney</strong> Consumer Products in the United Kingdom announces a deal with<br />

Tesco to launch a line of healthy Tesco/<strong>Disney</strong>-branded food products<br />

featuring <strong>Disney</strong> and <strong>Disney</strong>/Pixar characters. In addition to meeting<br />

<strong>Disney</strong>’s nutritional guidelines, no artificial flavors, no artificial colors and<br />

no added trans fats will be used in any of the products.<br />

october 30, 2007<br />

<strong>Disney</strong> Interactive Studios<br />

releases <strong>Disney</strong> Princess<br />

video games for a<br />

number of different<br />

platforms in time for the<br />

holidays.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 22

O OPeratiOns: cOnsuMer PrODucts<br />

Fast Facts<br />

More than 20 million copies of <strong>Disney</strong>-branded<br />

video games were sold in 2007.<br />

<strong>Disney</strong> Fairies titles, available in 5 countries, have sold more than 6 mil-<br />

lion books globally.<br />

Since its debut, www.disneyfairies.com has attracted more than million<br />

unique average daily visitors and generated 3.5 million fan-created fairies.<br />

Over 60 High School Musical-related titles<br />

have been published worldwide - available in<br />

30 countries – selling more than 9.3 million<br />

copies as of calendar year 2007.<br />

<strong>The</strong> Cars publishing program is comprised<br />

of more than 300 titles, generating sales of<br />

more than 8 million copies since its inception.<br />

Pirates of the Caribbean stories are told through more than 250 book<br />

titles in 50 countries.<br />

In terms of advertising revenue,<br />

FamilyFun and Wondertime<br />

magazines recorded their most<br />

successful year in 2007.<br />

In two years, <strong>Disney</strong> Consumer Products has more than doubled its number<br />

of licensees in India.<br />

In China, <strong>Disney</strong> Consumer Products has opened more than 4,800 <strong>Disney</strong><br />

licensed store-in-store retail corners selling <strong>Disney</strong>-branded merchandise,<br />

reaching consumers in more than 25 cities.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 23

O OPeratiOns: cOnsuMer PrODucts<br />

consUmeR pRoDUcts — BUsiness WeBsites<br />

<strong>Disney</strong> Merchandise Licensing<br />

<strong>Disney</strong> Toys<br />

<strong>Disney</strong> Apparel, Accessories & Footwear<br />

<strong>Disney</strong> Food, Health & Beauty<br />

<strong>Disney</strong> Home Furnishings and Décor<br />

<strong>Disney</strong> Stationery<br />

<strong>Disney</strong> Consumer Electronics<br />

disney.go.com/disneyhome<br />

<strong>The</strong> Baby Einstein <strong>Company</strong> babyeinstein.com<br />

Muppets Holding <strong>Company</strong> muppets.com<br />

<strong>Disney</strong> Publishing Worldwide disneypubworld.com<br />

<strong>Disney</strong> Book Group disneybooks.com<br />

Hyperion hyperionbooks.com<br />

<strong>Disney</strong> Press<br />

<strong>Disney</strong> Editions<br />

disneybooks.com<br />

<strong>Disney</strong> Libri disneylibri.it<br />

Wondertime Magazine wondertime.go.com<br />

FamilyFun Magazine familyfun.com<br />

<strong>Disney</strong> Interactive Studios disneyinteractivestudios.com<br />

<strong>Disney</strong>Shopping.com disneyshopping.com<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 24

O OPeratiOns: cOnsuMer PrODucts<br />

<strong>Disney</strong> inteRactiVe stUDios Fy07 Release slate<br />

in store Date title platform esRB<br />

0/03/06 <strong>Disney</strong>’s <strong>The</strong> Little Mermaid:<br />

Ariel’s Undersea Adventure DS E<br />

0/03/06 <strong>Disney</strong>’s <strong>The</strong> Little Mermaid:<br />

Magic in Two Kingdoms GBA E<br />

0/05/06 Desperate Housewives PC / Win T<br />

0/ 0/06 Hannah Montana DS E<br />

0/ 0/06 <strong>Disney</strong> Princess: Royal Adventure GBA E<br />

0/ 7/06 <strong>Disney</strong>’s American Dragon:<br />

Jake Long, Attack of the<br />

Dark Dragon DS E<br />

0/24/06 <strong>The</strong> Suite Life of Zack & Cody:<br />

Tipton Caper GBA E<br />

0/24/06 <strong>Disney</strong>’s Kim Possible:<br />

What’s the Switch PS2 E<br />

/07/06 That’s So Raven:<br />

Psychic on the Scene DS E<br />

/07/06 <strong>Disney</strong>’s Chicken Little:<br />

Ace in Action PS2 E 0+<br />

/07/06 Every Extend Extra PSP E<br />

/07/06 Lumines II PSP E 0+<br />

/ 4/06 <strong>Disney</strong>’s Chicken Little: Ace in Action DS E<br />

2/ 9/06 <strong>Disney</strong>’s Chicken Little: Ace in Action Wii E 0+<br />

02/06/07 <strong>Disney</strong>’s Kim Possible: Global Gemini DS E<br />

02/20/07 Meteos: <strong>Disney</strong> Magic DS E<br />

02/20/07 Lumines Plus PS2 E<br />

03/06/07 Spectrobes DS E<br />

03/ 3/07 <strong>Disney</strong>’s Herbie Rescue Rally DS E<br />

03/20/07 <strong>Disney</strong>’s Meet the Robinsons DS E 0+<br />

03/20/07 <strong>Disney</strong>’s Meet the Robinsons GBA E<br />

03/20/07 <strong>Disney</strong>’s Meet the Robinsons NGC E 0+<br />

03/20/07 <strong>Disney</strong>’s Meet the Robinsons PC/ Win E 0+<br />

03/20/07 <strong>Disney</strong>’s Meet the Robinsons PS2 E 0+<br />

03/20/07 <strong>Disney</strong>’s Meet the Robinsons Wii E 0+<br />

03/20/07 <strong>Disney</strong>’s Meet the Robinsons XB 360 E 0+<br />

05/22/07 <strong>Disney</strong> Pirates of the Caribbean:<br />

At World’s End DS E 0+<br />

05/22/07 <strong>Disney</strong> Pirates of the Caribbean:<br />

At World’s End PC/ Win T<br />

05/22/07 <strong>Disney</strong> Pirates of the Caribbean:<br />

At World’s End PS2 T<br />

05/22/07 <strong>Disney</strong> Pirates of the Caribbean:<br />

At World’s End PS3 T<br />

05/22/07 <strong>Disney</strong> Pirates of the Caribbean:<br />

At World’s End PSP T<br />

in store Date title platform esRB<br />

05/22/07 <strong>Disney</strong> Pirates of the Caribbean:<br />

At World’s End Wii T<br />

05/22/07 <strong>Disney</strong> Pirates of the Caribbean:<br />

At World’s End XB 360 T<br />

08/ 4/07 <strong>Disney</strong>’s High School Musical DS E<br />

0/ 6/07 <strong>The</strong> Cheetah Girls:<br />

Pop Star Sensations DS E<br />

0/23/07 <strong>Disney</strong> Hannah Montana:<br />

Music Jam DS E<br />

0/23/07 <strong>Disney</strong> Princess:<br />

Enchanted Journey PS2 E<br />

0/23/07 <strong>Disney</strong> Princess:<br />

Magical Jewels DS E<br />

0/23/07 Power Rangers Super Legends:<br />

5th Anniversary DS E 0+<br />

0/30/07 <strong>Disney</strong> High School Musical:<br />

Sing It PS2 E<br />

0/30/07 <strong>Disney</strong> High School Musical:<br />

Sing It - Bundle with Microphone PS2 E<br />

0/30/07 <strong>The</strong> Suite Life of Zack & Cody:<br />

Circle of Spies DS E<br />

/06/07 <strong>Disney</strong> High School Musical:<br />

Sing It Wii E<br />

/06/07 <strong>Disney</strong> High School Musical:<br />

Sing It - Bundle with Microphone Wii E<br />

/06/07 <strong>Disney</strong> Princess:<br />

Enchanted Journey Wii E<br />

/ 3/07 Spectrobes Collectors’ Edition DS E<br />

/ 3/07 <strong>Disney</strong> Hannah Montana:<br />

Spotlight World Tour Wii E<br />

/ 3/07 Power Rangers Super Legends:<br />

5th Anniversary PS2 E 0+<br />

/ 3/07 <strong>Walt</strong> <strong>Disney</strong> Pictures Presents<br />

Enchanted DS E<br />

/20/07 Power Rangers Super Legends:<br />

5th Anniversary PC/ Win E 0+<br />

/27/07 <strong>Disney</strong> Princess:<br />

Enchanted Journey PC/ Win E<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 25

O OPeratiOns: MeDia netWOrKs<br />

pRoFile<br />

Media Networks encompasses an array of broadcast, cable, radio, publishing and Internet businesses. Key areas include:<br />

<strong>Disney</strong>-ABC Television Group, ESPN Inc., <strong>Walt</strong> <strong>Disney</strong> Internet Group, ABC Owned Television Stations Group, and<br />

a supporting headquarters group. Marketing, research, sales and communications functions also exist within the segment.<br />

<strong>The</strong> <strong>Disney</strong>-ABC Television Group is home to all of <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>’s worldwide entertainment and news television<br />

properties. <strong>The</strong> Group includes the ABC Television Network (including ABC Daytime, ABC Entertainment and ABC<br />

News divisions); the <strong>Disney</strong> Channels Worldwide global kids’ TV business, ABC Family and SOAPnet; as well as television<br />

production and syndication divisions ABC Studios, <strong>Disney</strong>-ABC Domestic Television and <strong>Disney</strong>-ABC International<br />

Television. <strong>The</strong> <strong>Disney</strong>-ABC Television Group also manages the Radio <strong>Disney</strong> Network, general interest and non-fiction<br />

book imprint Hyperion, as well the <strong>Company</strong>’s equity interest in Lifetime Entertainment Services and A&E Television Networks.<br />

ESPN, Inc. is the world’s leading multinational, multimedia sports entertainment company featuring a portfolio of over 50<br />

multimedia sports assets. <strong>The</strong> company is comprised of six domestic television networks (ESPN, ESPN2, ESPN Classic,<br />

ESPNEWS, ESPN Deportes, and ESPNU), ESPN and ESPN 2 HD simulcast services, ESPN Regional Television, ESPN<br />

International, ESPN Radio, ESPN.com, ESPN <strong>The</strong> Magazine, ESPN Enterprises, ESPN PPV, ESPN Zones (sports-themed<br />

restaurants), and other new businesses including ESPN360.com (Broadband), ESPN Mobile Properties, ESPN on Demand<br />

and ESPN Interactive. Based in Bristol, Ct., ESPN is 80 percent owned by ABC, Inc., which is an indirect subsidiary<br />

of <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>. <strong>The</strong> Hearst Corporation holds a 20 percent interest in ESPN.<br />

With a portfolio of products and services designed with quality and guest safety in mind, the <strong>Walt</strong> <strong>Disney</strong> Internet<br />

Group’s (WDIG) integration of <strong>Disney</strong>’s content with a best-practices approach to Internet and mobile technology drives<br />

multiple revenue streams from premium content offerings, advertising and ecommerce. WDIG’s suite of properties includes<br />

<strong>Disney</strong>.com, <strong>Disney</strong> Family.com, FamilyFun.com, Wondertime.com and m<strong>Disney</strong> mobile entertainment. WDIG’s<br />

online virtual worlds for kids and families include <strong>Disney</strong>’s Club Penguin, <strong>Disney</strong>’s Toontown Online, Pirates of the Caribbean<br />

Online and <strong>Disney</strong> Fairies. <strong>Disney</strong>-branded Web and mobile content is available in more than 70 markets worldwide.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 26

O OPeratiOns: MeDia netWOrKs<br />

key Dates<br />

January 15, 2007<br />

<strong>The</strong> <strong>Disney</strong>-ABC Television Group wins three Golden Globe Awards,<br />

sweeping the Comedy and Drama Series<br />

categories with wins for critically acclaimed hits<br />

Ugly Betty and Grey’s Anatomy.<br />

February 1, 2007<br />

ESPN International ac-<br />

quires all the outstanding<br />

shares of NASN Limited, an<br />

Irish company that oper-<br />

ates cable television networks in Europe dedicated to North American<br />

sporting events and related programming. Later, ESPN acquires two<br />

international sports websites—Cricinfo.com and Scrum.com.<br />

February 6, 2007<br />

<strong>Walt</strong> <strong>Disney</strong> Internet Group launches an all-new <strong>Disney</strong>.com. <strong>The</strong> re-<br />

vamped <strong>Disney</strong>.com allows users to share videos, listen to music, create<br />

playlists and simultaneously play games and engage with friends within a<br />

virtual world of <strong>Disney</strong> characters and content.<br />

February 8, 2007<br />

Touchstone Television, the <strong>Disney</strong>-<br />

ABC Television Group’s in-house<br />

production company, is renamed<br />

and becomes ABC Studios.<br />

February 8, 2007<br />

ESPN and Verizon Wireless announce an exclusive multi-year agreement<br />

to deliver ESPN mobile sports content to Verizon Wireless customers.<br />

march 13, 2007<br />

<strong>Walt</strong> <strong>Disney</strong> Internet<br />

Group unveils <strong>Disney</strong>’s<br />

Family.com, a new<br />

Web site for parents,<br />

chiefly moms. <strong>Disney</strong>’s<br />

Family.com combines content, search and community elements to<br />

provide parents with an easy to use, one-stop resource of family relevant<br />

information.<br />

april 4, 2007<br />

Time Warner Cable and <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> announce comprehensive<br />

multi-year distribution agreements that will extend retransmission<br />

consent for the ABC-owned broadcast television stations carried in<br />

Time Warner Cable systems and provide for carriage of a broad array of<br />

<strong>Disney</strong>’s leading networks and services.<br />

may 15, 2007<br />

<strong>The</strong> <strong>Disney</strong>-ABC Television Group and Sprint announce a multi-year<br />

agreement to offer entertainment, kids and news programming from ABC<br />

Entertainment, ABC News and <strong>Disney</strong> Channel to Sprint customers in two<br />

forms -- on demand and via three “linear” mobile channels, which stream<br />

continuous scheduled programming throughout the day.<br />

may 15, 2007<br />

For the first time ever, the <strong>Disney</strong>-ABC Television Group makes HD content<br />

available on ABC.com’s full-episode broadband player.<br />

June 12, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> completes the<br />

spin-off of its wholly-owned subsidiary, ABC<br />

Radio Holdings, Inc., which was then merged<br />

into a subsidiary of Citadel Broadcasting<br />

Corporation.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 27

O OPeratiOns: MeDia netWOrKs<br />

June 27, 2007<br />

ESPN, ABC and the NBA announce an<br />

expansion of their global relationship with<br />

ESPN including extensive digital rights<br />

and enhanced television coverage, in an<br />

eight-year extension beginning in 2008-09.<br />

July 25, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> acquires Hungama TV, a<br />

leading Indian children’s television channel.<br />

august 1, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong><br />

acquires Club Penguin,<br />

an online virtual<br />

world for kids, with<br />

more than 2 million<br />

activated users<br />

and more than<br />

700,000 current paid subscribers.<br />

august 7, 2007<br />

A new programming strategy for<br />

ESPN360.com is announced that<br />

will bring more than 2000 live events in the following 2 months.<br />

august 17, 2007<br />

<strong>The</strong> premiere of <strong>Disney</strong> Channel’s High School Musical 2 breaks cable<br />

telecast records as the most-watched cable telecast ever. High School<br />

Musical 2 stands as the most-watched TV telecast on record in Kids 6- ,<br />

and the # entertainment telecast of all time in Tweens 9- 4.<br />

september 15, 2007<br />

<strong>The</strong> <strong>Disney</strong>-ABC Television Group captures 5 Emmy® Awards, including<br />

0 Primetime Emmy® Awards for the ABC network. ABC Studios won a<br />

total of Emmy® Awards.<br />

september 20, 2007<br />

<strong>The</strong> <strong>Disney</strong>-ABC Television Group and AOL announce<br />

the availability of full-length episodes of<br />

popular primetime shows on AOL Video, delivered<br />

via a co-branded version of ABC.com’s Emmy-winning<br />

broadband player. <strong>The</strong> agreement marks the<br />

first time ABC’s primetime programming has been<br />

made available on a major portal.<br />

october 9, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> Internet Group launches a free, ad-supported mobile<br />

phone version of <strong>Disney</strong>.com that allows users to access the world of <strong>Disney</strong><br />

from their cell phones.<br />

october 11, 2007<br />

Television veteran Anne Sweeney, co-chairman,<br />

<strong>Disney</strong> Media Networks and president,<br />

<strong>Disney</strong>-ABC Television Group, is inducted<br />

into <strong>The</strong> Cable Center’s Cable Hall of Fame.<br />

october 31, 2007<br />

<strong>Disney</strong> Online launches Pirates of the Caribbean Online<br />

(www.PiratesOnline.com), an immersive<br />

massively multiplayer online game (MMOG)<br />

and virtual world inspired by the popular film<br />

franchise, for the PC and Mac platforms.<br />

november 5, 2007<br />

ESPN and Microsoft Corp. announce an agreement that will add highand<br />

standard-definition full-length games, television shows and video<br />

game programming to Xbox LIVE, the online games and entertainment<br />

network on Xbox 360.<br />

December 3, 2007<br />

Monday Night Football on<br />

ESPN draws the largest<br />

audience in the history of<br />

cable TV, besting the previous<br />

record set by High<br />

School Musical 2.<br />

December 4, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> Internet<br />

Group acquires iParenting<br />

Media (www.iParenting.com) to add to the family-targeted Web properties<br />

within <strong>Disney</strong> Online including <strong>Disney</strong> Family.com, FamilyFun.com and<br />

Wondertime.com.<br />

December 20, 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>’s international TV licensing arm, <strong>Disney</strong>-ABC<br />

International Television, concludes a multi-year partnership with Russian<br />

state broadcaster Channel One. This agreement covers the licensing of<br />

features, live action series, animated series and made-for-TV movies, and<br />

also the launch of monthly family film timeslot <strong>The</strong> Wonderful World of <strong>Disney</strong>.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 28

O OPeratiOns: MeDia netWOrKs<br />

Fast Facts<br />

ABC Television Network, as of September 29, 2007,<br />

had affiliation agreements with 23 local stations<br />

reaching 99% of all U.S. television households.<br />

<strong>The</strong> ABC Television Network owns nine very high<br />

frequency (VHF) television stations, six of which are<br />

located in the top-ten markets in the United States,<br />

and one ultra-high frequency (UHF) television station. All of<br />

the television stations are affiliated with the ABC Television Network and<br />

collectively reach 24% of the nation’s television households.<br />

ABC Daytime recently marked a full decade as the No. in Daytime<br />

drama among Women 8-49.<br />

ABC finished the 2006-2007 season as the No. network among all<br />

upscale audiences for the second year in a row.<br />

During the 2006-2007 season, viewers watched almost 40 million episodes<br />

of the network’s hit shows on ABC.com’s Emmy ® Award-winning<br />

broadband player.<br />

<strong>The</strong> ESPN Radio Network format is<br />

carried on more than 750 stations,<br />

of which 355 are full-time (five stations<br />

are owned by the <strong>Company</strong>),<br />

making it the largest sports radio network in the United States.<br />

In an average week, 02 million people were exposed to ESPN either by<br />

watching, listening to, reading, or logging on to ESPN (Fall 2007 ESPN All<br />

Day, Every Day study).<br />

ESPN2 and ESPNEWS posted their<br />

most-viewed year in 2007.<br />

Up to 24.5 million people watch SportsCenter editions per day and 05.6<br />

million people watch per month. (Nielsen from Dec 07)<br />

ABC has won 59 Sports Emmy Awards since they were first given in<br />

980, while ESPN has won 6 in 20 years of eligibility.<br />

<strong>The</strong> Radio <strong>Disney</strong> Network is carried in 54<br />

markets, covering 97% of the U.S. market.<br />

<strong>Disney</strong>-ABC<br />

International Television distributes television<br />

and new media content to broadcasters, operators,<br />

and platforms across 240 territories<br />

worldwide.<br />

More than 250 million people<br />

have seen the smash <strong>Disney</strong><br />

Channel Original Movie, High<br />

School Musical.<br />

<strong>Disney</strong>-branded mobile and<br />

Web entertainment is available<br />

in 70 international markets<br />

through more than 00<br />

mobile distribution agreements and<br />

22 localized <strong>Disney</strong> Online sites.<br />

<strong>Disney</strong>.com is the No. -ranked site for kids and families. <strong>Disney</strong>.com<br />

broke its own all time highest traffic record in August 2007 with more than<br />

23 million unique visitors.<br />

In 2007, the all new <strong>Disney</strong>.com garnered numerous industry awards<br />

including two Technology & Engineering Emmy® Award nominations for<br />

“Best Use of On Demand” and “Creation of Non-Traditional Programs or<br />

Platforms” as well as eight WebAwards including the top honors “Best of<br />

Show” and “Best Design Web site.”<br />

<strong>Disney</strong>’s Toontown Online<br />

continued to grow in 2007<br />

amassing more than 7.5<br />

million created “Toons”<br />

and six million active<br />

players since the game’s<br />

inception.<br />

Between December 0th and 24th, 2007, more than 2.5 million people<br />

participated in Club Penguin’s Coins for Change program donating in<br />

excess of two billion virtual coins earned by playing games on the popular<br />

children’s Web site. Club Penguin split a $ million donation between<br />

<strong>The</strong> Elizabeth Glaser Pediatric AIDS Foundation, <strong>The</strong> World Wildlife Fund<br />

(WWF) and Free <strong>The</strong> Children.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 29

O OPeratiOns: MeDia netWOrKs<br />

meDia netWoRks — BUsiness WeBsites<br />

Broadcast<br />

ABC Television Network abc.com<br />

ABC Daytime abc.com/daytime<br />

ABC News abcnews.com<br />

ABC Sports espn.com/abcsports<br />

ABC Kids tv.disney.go.com/abckids<br />

<strong>Disney</strong>-ABC TV Group disneyabctv.com<br />

Owned and Operated TV Stations abclocal.go.com<br />

cable<br />

ESPN, Inc. espn.com<br />

ESPN2 espn.com<br />

ESPN Classic espn.com/classic<br />

ESPNEWS espn.com<br />

ESPN Deportes espndeportes.com<br />

ESPNU espnu.com<br />

ESPN360 espn360.com<br />

ESPN Mobile Properties espnmobile.com<br />

ESPN Regional Entertainment espnregionaltv.com<br />

ESPN Radio Network espnradio.com<br />

ESPN <strong>The</strong> Magazine espnmag.com<br />

ESPN International soccernet.com<br />

scrum.com<br />

cricinfo.com<br />

<strong>Disney</strong> Channel disneychannel.com<br />

Toon <strong>Disney</strong> toondisney.com<br />

SOAPnet soapnet.com<br />

ABC Family abcfamily.com<br />

Jetix (U.S.) jetix.tv<br />

Jetix Europe jetixeurope.com<br />

Jetix Latin America jetixtv.com<br />

A&E aetv.com<br />

A&E International aetninternational.com<br />

<strong>The</strong> History Channel history.com<br />

History International historyinternational.com<br />

<strong>The</strong> Biography Channel biography.com<br />

Lifetime mylifetime.com<br />

Radio <strong>Disney</strong> Network radiodisney.com<br />

<strong>Walt</strong> <strong>Disney</strong> internet Group<br />

<strong>Disney</strong>.com disney.com<br />

<strong>Disney</strong>.com XD <strong>Disney</strong>.com/xd<br />

m<strong>Disney</strong> mdisney.com<br />

Club Penguin clubpenguin.com<br />

Toontown toontown.com<br />

Pirates of the Caribbean Online piratesonline.com<br />

<strong>Disney</strong> Fairies <strong>Disney</strong>Fairies.com<br />

Virtual Magic Kingdom vmk.com<br />

Game Kingdom gamekingdom.com<br />

Playhouse Preschool Time Online preschoooltime.com<br />

<strong>Disney</strong> Family.com family.com<br />

Family Fun familyfun.com<br />

Wondertime wondertime.com<br />

iParenting iparenting.com<br />

Movies.com movies.com<br />

* <strong>The</strong>re are 22 localized international <strong>Disney</strong>.com sites around the world available in more than 40 global markets<br />

aBc tV stations<br />

New York, NY WABC / Channel 7<br />

Los Angeles, CA KABC / Channel 7<br />

Chicago, IL WLS / Channel 7<br />

Philadelphia, PA WPVI / Channel 6<br />

San Francisco, CA KGO / Channel 7<br />

Houston, TX KTRK / Channel 3<br />

Raleigh-Durham, NC WTVD / Channel<br />

Fresno, CA KFSN / Channel 30<br />

Flint, MI WJRT / Channel 2<br />

Toledo, OH WTVG / Channel 3<br />

peRcentaGe oWneRship oF non-Wholly oWneD caBle<br />

pRopeRties<br />

property ownership %<br />

ESPN 80<br />

ESPN2 80<br />

ESPN Classic 80<br />

ESPNEWS 80<br />

ESPNU 80<br />

<strong>Disney</strong> Channel 00<br />

International <strong>Disney</strong> Channels 00<br />

Toon <strong>Disney</strong> 00<br />

Lifetime Television 50<br />

A&E 37.5<br />

ABC Family 00<br />

<strong>The</strong> History Channel 37.5<br />

A&E International 37.5<br />

Lifetime Movie Network 50<br />

Lifetime Real Women 50<br />

Jetix Europe 73.6<br />

Jetix Latin America 00<br />

SOAPnet 00<br />

<strong>The</strong> Biography Channel 37.5<br />

History International 37.5<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 30

O OPeratiOns: MeDia netWOrKs<br />

caBle sUBscRiBeRs<br />

cable subscribers > <strong>Disney</strong> channel<br />

Fy07 Fy06<br />

territory (in millions) (in millions)<br />

United States (a) 94.4 89.3<br />

United Kingdom 8.8 8.9<br />

France 3.9 .8<br />

Germany 2.3 2.4<br />

Italy 4. 2.8<br />

Spain 2. .9<br />

Portugal 0.3 0.2<br />

Middle East (e) 0.3 0.3<br />

Scandinavia (d) 3.8 3.<br />

South Africa (i) .4 .2<br />

Poland (j) 2.3 n/a<br />

Turkey 0.8 n/a<br />

Asia (b) 2.2 3.6<br />

Australia (g) 2.7 2<br />

India (h) 4.6 3.2<br />

Taiwan 5.6 5.4<br />

Japan (f) 3.8 3.2<br />

Latin America (c) 8.8 3.9<br />

int’l total 67.8 53.9<br />

Worldwide total 162.2 143.2<br />

cable subscribers > aBc Family channels<br />

channel Fy07 Fy06<br />

(in millions) (in millions)<br />

ABC Family 95.3 9 .0<br />

Jetix Europe (c) 50.6 46.2<br />

Jetix Latin America (c) 8.9 4.6<br />

cable subscribers > espn<br />

channel Fy07 Fy06<br />

(in millions) (in millions)<br />

ESPN 96.6 92.2<br />

ESPN2 96.2 9 .7<br />

ESPN Classic 62.8 62.<br />

ESPNEWS 63 full time 5 .7 full time<br />

cable subscribers > other cable properties<br />

channel Fy07 Fy06<br />

(in millions) (in millions)<br />

A&E Channel 95.9 9 .7<br />

Lifetime Channel 96. 9 .8<br />

<strong>The</strong> History Channel 95.3 9 .0<br />

A&E International (c) 86.6 75.2<br />

Toon <strong>Disney</strong> 65.8 57.0<br />

Lifetime Movie Channel 58. 5 .2<br />

SOAPnet 66.2 53.0<br />

Biography 47. 39.2<br />

History International 46.9 38.9<br />

Lifetime Real Women (c) 9.0 N/A<br />

(a) Nielsen households; International <strong>Disney</strong> Channels reflect reported<br />

subscribers.<br />

(b) Includes Brunei, Cambodia, Hong Kong, Indonesia, Malaysia, Palau,<br />

Papua New Guinea, Singapore, Thailand, and Vietnam<br />

(c) Not tracked by Nielsen<br />

(d) Channel launched February 28, 2003. Includes Sweden, Norway and<br />

Denmark. August 2005 launched on Teledenmark, Canal Digital, and<br />

in Finland.<br />

(e) Estimated data<br />

(f) Channel launched November 8, 2003.<br />

(g) Numbers include New Zealand territory following launch in December<br />

2003<br />

(h) Channel launched December 7, 2004<br />

(i) Channel launched September 25, 2006<br />

(j) Channel launched December 2, 2006<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 3

O OPeratiOns: MeDia netWOrKs<br />

inteRnational <strong>Disney</strong> channels (exclUDinG FeeD<br />

extensions) anD laUnch Dates<br />

channel launch Date<br />

Taiwan March 995<br />

UK October 995<br />

Australia June 996<br />

Asia October 996<br />

France March 997<br />

Middle East April 997<br />

Spain April 998<br />

Italy October 998<br />

Germany October 999<br />

Latin America July 2000<br />

Brazil April 200<br />

Portugal November 200<br />

Scandinavia February 2003<br />

Japan November 2003<br />

India December 2004<br />

oWneD espn RaDio stations<br />

Radio Broadcast<br />

market station Band<br />

New York, NY WEPN AM<br />

Los Angeles, CA KSPN AM<br />

Chicago, IL WMVP AM<br />

Dallas-Fort Worth, TX KESN FM<br />

Pittsburgh, PA WEAE AM<br />

oWneD RaDio <strong>Disney</strong> stations<br />

Radio Broadcast<br />

market station Band<br />

New York, NY WQEW AM<br />

Los Angeles, CA KDIS AM<br />

Chicago, IL WRDZ AM<br />

San Francisco, CA KMKY AM<br />

Dallas-Fort Worth, TX KMKI AM<br />

Houston, TX KMIC AM<br />

Philadelphia, PA WWJZ AM<br />

Atlanta, GA WDWD AM<br />

Detroit, MI WFDF AM<br />

Boston, MA WMKI AM<br />

Miami, FL WMYM AM<br />

Seattle, WA KKDZ AM<br />

Phoenix, AZ KMIK AM<br />

Minneapolis, MN KDIZ AM<br />

Tampa, FL WWMI AM<br />

St. Louis, MO WSDZ AM<br />

Denver, CO KDDZ AM<br />

Portland, OR KDZR AM<br />

Cleveland, OH WWMK AM<br />

Sacramento, CA KIID AM<br />

San Antonio, TX KRDY AM<br />

Kansas City, MO KPHN AM<br />

Salt Lake City, UT KWDZ AM<br />

Charlotte, NC WGFY AM<br />

Orlando, FL WDYZ AM<br />

Milwaukee, WI WKSH AM<br />

Providence, RI WDDZ AM<br />

Indianapolis, IN WRDZ FM<br />

Norfolk, VA WHKT AM<br />

Greensboro, NC WCOG AM<br />

West Palm Beach, FL WMNE AM<br />

Jacksonville, FL WBWL AM<br />

Hartford, CT WDZK AM<br />

Louisville, KY WDRD AM<br />

Richmond, VA WDZY AM<br />

New Orleans, LA WBYU AM<br />

Albany, NY WDDY AM<br />

Tulsa, OK KMUS AM<br />

Albuquerque, NM KALY AM<br />

Little Rock, AR KDIS FM<br />

Wichita, KS KQAM AM<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 32

HHistOry

F H financials<br />

HistOry<br />

October 17, 2007<br />

<strong>Disney</strong>land Resort announces expansion<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> unveils a significant<br />

multi-year expansion plan for the <strong>Disney</strong>land<br />

Resort in Anaheim. <strong>The</strong> expansion will bring<br />

new entertainment and major family-oriented<br />

attractions to <strong>Disney</strong>’s California Adventure,<br />

including an entirely new ‘Cars Land’ inspired<br />

by the hit <strong>Disney</strong>/Pixar animated film Cars.<br />

October 3, 2007<br />

hawaiian Resort announced<br />

<strong>Walt</strong> <strong>Disney</strong> Parks & Resorts announces final-<br />

ized plans to purchase the rights to 2 acres<br />

of oceanfront property on Hawaii’s island of<br />

Oahu.<br />

October 1, 2007<br />

<strong>Disney</strong> parks extends ‘Year of a Million<br />

Dreams’ through 2008<br />

Due the overwhelming success of the 2007<br />

campaign, <strong>Disney</strong> Parks announces that its ‘Year<br />

of a Million Dreams’ celebration will extend<br />

throughout 2008 at <strong>Disney</strong>land Resort in Cali-<br />

fornia and <strong>Walt</strong> <strong>Disney</strong> World Resort in Florida.<br />

September 18, 2007<br />

<strong>Disney</strong>’s Grand californian hotel & spa<br />

expands<br />

Responding to a growing demand for guest<br />

accommodations in Anaheim, the <strong>Disney</strong>land<br />

Resort announces an expansion of <strong>Disney</strong>’s<br />

Grand Californian Hotel & Spa that will increase<br />

accommodations by more than 30 percent and<br />

will include the first <strong>Disney</strong> Vacation Club villas<br />

in Anaheim. <strong>The</strong> expansion is scheduled for<br />

completion in 2009.<br />

August 17, 2007<br />

High School Musical 2 premieres<br />

<strong>The</strong> follow up to the <strong>Disney</strong> Channel original<br />

movie and company-wide sensation, High<br />

School Musical, premieres, breaking cable<br />

broadcast records with the highest-rated cable<br />

broadcast in U.S. history.<br />

August 9, 2007<br />

<strong>Disney</strong>’s “new” hollywood studios<br />

<strong>Disney</strong> announces the re-branding of its MGM<br />

Studios park in Florida to <strong>Disney</strong>’s Hollywood<br />

Studios, effective January 7, 2008.<br />

August 1, 2007<br />

<strong>Disney</strong> acquires club penguin<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong><br />

acquires Club Penguin, an online<br />

virtual world for kids.<br />

June 12, 2007<br />

aBc Radio merger completed<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> and Citadel Broadcasting<br />

Corporation announce the completion of <strong>Disney</strong>’s<br />

spin-off of its wholly-owned subsidiary ABC<br />

Radio Holdings, Inc. and its subsequent merger<br />

with a wholly-owned subsidiary of Citadel.<br />

May 1, 2007<br />

new Board member elected<br />

Susan Arnold, President – Global Business<br />

Units, <strong>The</strong> Procter & Gamble <strong>Company</strong>, is<br />

elected to <strong>Disney</strong>’s Board of Directors as a new<br />

independent director.<br />

March 8, 2007<br />

<strong>Disney</strong> supports new orleans<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> continues its support<br />

of New Orleans and the gulf region by holding<br />

its annual meeting of shareholders at the Ernest<br />

N. Morial Convention Center. At the meeting,<br />

<strong>Disney</strong> also announces plans for support, both<br />

financial and hands on, from <strong>Disney</strong>’s volunteer<br />

and outreach programs.<br />

February 22, 2007<br />

<strong>Disney</strong> cruise line expands<br />

<strong>Disney</strong> announces the expansion of its successful<br />

cruise line business with the announcement<br />

of two new planned ships, to launch in<br />

20 and 20 2.<br />

January 1, 2007<br />

John e. pepper, Jr. Becomes chairman<br />

John E. Pepper, Jr. becomes non-executive<br />

Chairman of the Board, succeeding Senator<br />

George J. Mitchell, who served as <strong>Disney</strong> Chairman<br />

since March 2004.<br />

November 16,<br />

2006<br />

mary poppins<br />

on Broadway<br />

After a long run<br />

in London, Mary<br />

Poppins opens on<br />

Broadway.<br />

October 16, 2006<br />

new healthy Food initiative Unveiled<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> introduces new food<br />

guidelines aimed at giving parents and children<br />

healthier eating options. <strong>The</strong> new policies call<br />

for <strong>Disney</strong> to use its name and characters only<br />

on products that meet specific guidelines,<br />

including limits on calories, fat, saturated fat<br />

and sugar. <strong>Disney</strong> also announces nutritionally-beneficial<br />

changes in the meals served to<br />

children at all <strong>Disney</strong> operated restaurants in its<br />

Parks and Resorts.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 34

F H financials<br />

HistOry<br />

October 1, 2006<br />

year of a million Dreams Begins<br />

<strong>Disney</strong> Parks kick off the ‘Where Dreams Come<br />

True’ initiative, a worldwide marketing campaign<br />

meant to unify the positioning of <strong>Disney</strong>’s parks<br />

across the world, and the ‘Year of a Million<br />

Dreams’ celebration at <strong>Disney</strong>’s domestic parks,<br />

in which <strong>Disney</strong> cast members award a million<br />

magical dreams.<br />

September 12, 2006<br />

<strong>Disney</strong> Films available on itunes<br />

Over 75 movies from <strong>Walt</strong> <strong>Disney</strong> Pictures,<br />

Pixar, Touchstone Pictures and Miramax Films<br />

are made available for purchase via Apple’s<br />

iTunes download service.<br />

September 11, 2006<br />

Monday Night Football on espn<br />

Monday Night Football debuts on ESPN with a<br />

special opening double-header, delivering the<br />

network’s biggest audience ever and the sec-<br />

ond largest audience in cable television history.<br />

September 8, 2006<br />

Pirates of the Caribbean 2 Reaches<br />

$1 Billion mark<br />

Pirates of the Caribbean: Dead Man’s Chest, the<br />

summer block-<br />

buster from<br />

<strong>Walt</strong> <strong>Disney</strong><br />

Pictures and<br />

Jerry Bruck-<br />

heimer Films,<br />

adds a new<br />

milestone,<br />

officially<br />

crossing the<br />

$ billion mark<br />

at the global<br />

box office.<br />

August 9, 2006<br />

<strong>Disney</strong> sells share in Us Weekly magazine<br />

Wenner Media and <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong><br />

announce that Wenner Media has acquired<br />

<strong>Disney</strong>’s 50 percent stake in Us Weekly LLC,<br />

which publishes Us Weekly.<br />

July 25, 2006<br />

<strong>Disney</strong> acquires hungama television channel<br />

in india<br />

<strong>The</strong> <strong>Company</strong> announces an agreement to<br />

acquire Hungama TV, a leading Indian children’s<br />

television channel, and take an equity interest in<br />

media company UTV Software Communications<br />

Limited.<br />

July 18, 2006<br />

<strong>Walt</strong> <strong>Disney</strong> studios moves to increase its<br />

<strong>Disney</strong> Branded output strategy<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> Studios announces a strategic<br />

shift toward more <strong>Disney</strong> branded movies<br />

producing and distributing approximately 0<br />

<strong>Disney</strong> live-action / animated films a year and<br />

two to three Touchstone films a year.<br />

May 5, 2006<br />

<strong>Disney</strong> acquires pixar<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> completes its acquisition<br />

of renowned computer animation leader,<br />

Pixar.<br />

May 2, 2006<br />

<strong>Disney</strong> parks Welcome 2 Billionth Guest<br />

At 9:02am, <strong>Disney</strong>land welcomes 2-year old<br />

Emmalee Mason of Colorado Springs,<br />

Colorado, as the honorary two-billionth guest to<br />

visit a <strong>Disney</strong> Park.<br />

February 9, 2006<br />

oswald the lucky Rabbit Returns to <strong>Disney</strong><br />

After an 80-Year Absence, the company announces<br />

the return of Oswald the Lucky Rabbit<br />

to <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> by agreement<br />

with NBC/Universal.<br />

January 20, 2006<br />

High School Musical premieres<br />

<strong>Disney</strong> Channel’s Original Movie, High School<br />

Musical, premieres on the <strong>Disney</strong> Channel.<br />

October 12, 2005<br />

tV shows available for<br />

Download on apple’s<br />

itunes<br />

<strong>Disney</strong>, ABC and Apple<br />

announce a deal to sell<br />

television shows online via<br />

Apple’s iTunes download<br />

service.<br />

October 2, 2005<br />

Bob iger Becomes ceo<br />

Bob Iger succeeds Michael Eisner as CEO of<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>, the sixth CEO in the<br />

<strong>Company</strong>’s 82-year history.<br />

September 12, 2005<br />

hong kong <strong>Disney</strong>land opens<br />

Hong Kong <strong>Disney</strong>land, <strong>Disney</strong>’s th vacation<br />

destination and first theme park in China, opens<br />

its gates.<br />

July 17, 2005<br />

<strong>Disney</strong>land<br />

celebrates 50<br />

years of magic<br />

<strong>Disney</strong>land Park in<br />

Anaheim officially<br />

celebrates its 50th<br />

birthday.<br />

May 5, 2005<br />

<strong>Disney</strong>’s “happiest celebration on earth”<br />

kicks off<br />

<strong>The</strong> 50th Anniversary of <strong>Disney</strong>land kicks off the<br />

worldwide “Happiest Celebration on Earth.”<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 35

F H financials<br />

HistOry<br />

March 29, 2005<br />

the Weinsteins and <strong>Walt</strong> <strong>Disney</strong> studios Dis-<br />

solve their partnership<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> Studios and Miramax co-chair-<br />

men Bob and Harvey Weinstein reach a mutual<br />

agreement concluding the Weinsteins’ current<br />

deal with <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>.<br />

March 13, 2005<br />

Bob iger elected ceo<br />

of the <strong>Walt</strong> <strong>Disney</strong><br />

company<br />

<strong>Disney</strong>’s Board of Directors<br />

announces that<br />

Robert A. Iger has been<br />

unanimously elected Chief<br />

Executive Officer effective September 30, 2005.<br />

February 25, 2005<br />

<strong>Disney</strong> sells mighty Ducks of anaheim<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> sells the Mighty<br />

Ducks of Anaheim.<br />

November 21, 2004<br />

the <strong>Disney</strong> stores change hands<br />

<strong>The</strong> Children’s Place Retail Stores, Inc. and <strong>The</strong><br />

<strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> finalize the agreement<br />

announced in October 2004 for <strong>The</strong> Children’s<br />

Place to acquire and operate, under a long-term<br />

licensing agreement, the <strong>Disney</strong> Store retail<br />

chain in North America.<br />

September 10, 2004<br />

michael eisner’s Retirement<br />

announcement<br />

Michael Eisner sends a letter to the Board,<br />

announcing his intention to retire as CEO at the<br />

end of his contract.<br />

May 15, 2004<br />

the <strong>Disney</strong> Family expands<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> signs an agreement<br />

with <strong>The</strong> Jim Henson <strong>Company</strong> to buy the<br />

Muppets.<br />

November 18, 2003<br />

mickey mouse turns 75<br />

<strong>The</strong> mouse that started it<br />

all, Mickey Mouse, turns<br />

75.<br />

April 18, 2003<br />

<strong>Disney</strong> channel celebrates 20 years<br />

<strong>Disney</strong> Channel celebrates its 20th Anniversary.<br />

When it launched as<br />

a pay cable network<br />

on April 8, 983,<br />

<strong>Disney</strong> Channel<br />

aired 6 hours a day<br />

and ended its debut<br />

season with 7 2,000<br />

subscribers.<br />

December 16, 2002<br />

50 years of imagineering<br />

<strong>Walt</strong> <strong>Disney</strong> Imagineering celebrates its 50th<br />

Anniversary. <strong>Disney</strong> Imagineers are responsible<br />

for designing and building <strong>Disney</strong><br />

theme parks worldwide.<br />

March 16, 2002<br />

<strong>Disney</strong>land paris Becomes a Resort<br />

<strong>Disney</strong>land Resort Paris welcomes a second<br />

theme park, as <strong>Walt</strong> <strong>Disney</strong> Studios Park opens<br />

its gates.<br />

December 5, 2001<br />

<strong>Walt</strong> <strong>Disney</strong> World celebrates 100 years of<br />

magic<br />

<strong>The</strong> 00 Years of Magic at <strong>Walt</strong> <strong>Disney</strong> World<br />

honors the 00th Anniversary of <strong>Walt</strong> <strong>Disney</strong>’s<br />

birth with a 5-month long celebration.<br />

October 24, 2001<br />

<strong>Disney</strong> acquires Fox Family Worldwide<br />

<strong>The</strong> <strong>Company</strong> acquires Fox Family Worldwide,<br />

Inc. (subsequently re-named ABC Family Worldwide).<br />

October 9, 2001<br />

the one that started it all premieres on<br />

<strong>Disney</strong> DVD<br />

Snow White is released on <strong>Disney</strong> DVD and<br />

sells more than million copies on its first day<br />

in release.<br />

September 4, 2001<br />

tokyo <strong>Disney</strong>land Becomes a Resort<br />

Tokyo <strong>Disney</strong>Sea, the second <strong>Disney</strong> theme park<br />

in Japan, opens adjacent to Tokyo <strong>Disney</strong>land.<br />

February 8, 2001<br />

<strong>Disney</strong>’s california adventure shines in<br />

california<br />

<strong>Disney</strong>’s California Adventure, the company’s<br />

sixth domestic theme park, opens in Anaheim,<br />

California, featuring lands and<br />

attractions celebrating<br />

the adventure,<br />

diversity and<br />

natural beauty<br />

of California.<br />

October 1, 1999<br />

the millennium celebration Debuts at WDW<br />

<strong>The</strong> 5-month Millennium Celebration at <strong>Walt</strong><br />

<strong>Disney</strong> World begins as guests “celebrate the<br />

future hand in hand.”<br />

August 24, 1999<br />

<strong>Disney</strong> sells Fairchild publications, inc.<br />

<strong>Disney</strong> agrees to sell Fairchild Publications<br />

Inc., a subsidiary of ABC Inc. and publisher of<br />

W, Jane and Women’s Wear Daily, to Advance<br />

Publications, Inc.<br />

July 8, 1999<br />

aBc entertainment television Group created<br />

<strong>Walt</strong> <strong>Disney</strong> Television Studio, including Buena<br />

Vista Television Productions and ABC’s Primetime<br />

Division join forces<br />

and become ABC Entertainment<br />

Television<br />

Group.<br />

July 30, 1998<br />

<strong>Disney</strong> cruise line launches<br />

<strong>Disney</strong> Magic departs on its maiden voyage.<br />

<strong>Disney</strong>’s second cruise ship, <strong>Disney</strong> Wonder,<br />

launches the following summer. In 2007, <strong>Disney</strong><br />

announces the building of 2 more ships.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 36

F H financials<br />

HistOry<br />

July 12, 1998<br />

espn Zone scores in Baltimore<br />

<strong>The</strong> first ESPN Zone, a sports-themed res-<br />

taurant and entertainment complex, debuts in<br />

Baltimore, Md. <strong>The</strong>re are currently eight ESPN<br />

Zones nationwide.<br />

June 19, 1998<br />

<strong>Disney</strong> common stock splits<br />

<strong>Disney</strong> records a three-for-one stock split.<br />

April 4, 1997<br />

knight-Ridder, inc. Buys aBc newspapers<br />

Knight-Ridder, Inc. announces an agreement<br />

with <strong>Disney</strong> to purchase four newspapers<br />

owned by ABC, Inc. for $ .65 billion.<br />

April 3, 1997<br />

<strong>Disney</strong> purchases stake in starwave<br />

corporation<br />

<strong>Disney</strong> purchases a significant equity stake in<br />

Starwave Corporation, a leading producer of Internet<br />

media, and assumes operational control<br />

of the company.<br />

February 24, 1997<br />

<strong>Disney</strong> and pixar Join Forces<br />

<strong>Disney</strong> announces an agreement with Pixar<br />

to create five animated films over the next 0<br />

years including A Bug’s Life ( 998), Monsters,<br />

Inc. (200 ), Finding Nemo (2003), <strong>The</strong> Incredibles<br />

(2004) and Cars (2006). In 2006, <strong>Disney</strong><br />

acquires Pixar.<br />

November 18, 1996<br />

Radio <strong>Disney</strong> premieres<br />

Radio <strong>Disney</strong>, a live, music-intensive radio<br />

network for children debuts, offering fun,<br />

high-energy entertainment and family-oriented<br />

programming for kids under the age of 2.<br />

May 22, 1996<br />

<strong>Disney</strong> Debuts on 5th avenue<br />

<strong>The</strong> world’s largest <strong>Disney</strong> Store to date, at<br />

40,000 square feet, opens on New York’s Fifth<br />

Avenue. This is later renamed the “World of<br />

<strong>Disney</strong>” store.<br />

February 22, 1996<br />

<strong>Disney</strong>.com launches<br />

<strong>Disney</strong> Online launches <strong>Disney</strong>.com to provide<br />

interactive online access to a wealth of <strong>Disney</strong><br />

information and services.<br />

February 9, 1996<br />

<strong>Disney</strong> completes acquisition of aBc<br />

<strong>Disney</strong> completes the acquisition of ABC as<br />

approved by stockholders of both <strong>Disney</strong> and<br />

Capital Cities/ABC in their respective special<br />

meetings of shareholders<br />

held in January in New<br />

York City.<br />

July 31, 1995<br />

<strong>Disney</strong> announces its intention<br />

to Buy cap cities/aBc<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> announces its intention<br />

to acquire Capital Cities/ABC for approximately<br />

$ 9 billion.<br />

October 20, 1994<br />

euro <strong>Disney</strong> s.c.a Refinanced<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> sells a portion of its<br />

shares in Euro <strong>Disney</strong> S.C.A., operator of <strong>Disney</strong>land<br />

Paris, reducing its ownership interest to<br />

39 percent.<br />

September 6, 1994<br />

<strong>Disney</strong> theme parks pass a milestone<br />

<strong>Disney</strong> theme parks welcome their one-billionth<br />

guest.<br />

April 3, 1994<br />

tragedy strikes the <strong>Walt</strong> <strong>Disney</strong> company<br />

Frank Wells, President and Chief Operating<br />

Officer, dies.<br />

June 30, 1993<br />

miramax Films acquired<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> acquires Miramax<br />

Film Corporation.<br />

April 12, 1992<br />

<strong>Disney</strong>land paris opens<br />

Euro <strong>Disney</strong> (later renamed <strong>Disney</strong>land Paris)<br />

opens 20 miles outside of Paris, France.<br />

November 6, 1989<br />

euro <strong>Disney</strong> s.c.a. shares offered<br />

Fifty-one percent of Euro <strong>Disney</strong> S.C.A.’s 70<br />

million shares are offered to European investors<br />

at FF72 per share. A subsidiary of <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong><br />

<strong>Company</strong> owns the remaining 49 percent.<br />

May 1, 1989<br />

<strong>Disney</strong>-mGm studios and pleasure island<br />

premiere at WDW<br />

<strong>The</strong> <strong>Disney</strong>-MGM Studios <strong>The</strong>me Park and the<br />

Pleasure Island entertainment complex open at<br />

<strong>Walt</strong> <strong>Disney</strong> World.<br />

`<br />

January 21, 1988<br />

Wrather corporation acquired<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> acquires the Wrather<br />

Corporation, the assets of which include the<br />

<strong>Disney</strong>land Hotel, for approximately $ 6 million<br />

in cash and $89 million in debt.<br />

March 28, 1987<br />

the <strong>Disney</strong> store Debuts<br />

<strong>The</strong> first <strong>Disney</strong> Store opens at the Glendale<br />

Galleria in Glendale, California.<br />

February 6, 1986<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

Formed<br />

<strong>Walt</strong> <strong>Disney</strong> Productions<br />

changes its name<br />

to <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong>.<br />

September 22, 1984<br />

<strong>Disney</strong> enters a new era<br />

<strong>Walt</strong> <strong>Disney</strong> Productions welcomes Michael D.<br />

Eisner as Chairman and Chief Executive Officer<br />

and Frank G. Wells as President and Chief<br />

Operating Officer.<br />

June 8, 1984<br />

hostile take-over announced<br />

MM Acquisition Corporation announces its<br />

intent to take over and dismantle <strong>Walt</strong> <strong>Disney</strong><br />

Productions by offering $67.50 a share for<br />

<strong>Disney</strong> common stock.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 37

F H financials<br />

HistOry<br />

April 18, 1983<br />

<strong>Disney</strong> channel Debuts<br />

<strong>Disney</strong> Channel first<br />

broadcasts cable television<br />

programming.<br />

April 15, 1983<br />

tokyo <strong>Disney</strong>land opens<br />

Tokyo <strong>Disney</strong>land opens six miles from down-<br />

town Tokyo.<br />

April 1, 1983<br />

<strong>Walt</strong> <strong>Disney</strong> pictures incorporates<br />

<strong>Walt</strong> <strong>Disney</strong> Pictures is incorporated as a sepa-<br />

rate entity responsible for the development,<br />

production and marketing of all live-action films<br />

and commercial television programming.<br />

October 1, 1982<br />

epcot Debuts at<br />

WDW<br />

Epcot opens at <strong>Walt</strong><br />

<strong>Disney</strong> World.<br />

July 8, 1981<br />

<strong>Walt</strong> <strong>Disney</strong> name acquired<br />

<strong>Walt</strong> <strong>Disney</strong> Productions acquires the rights to<br />

<strong>Walt</strong> <strong>Disney</strong>’s name, likeness and portrait, as<br />

well as the steam train and monorail systems at<br />

<strong>Disney</strong>land, from Retlaw for 888,46 shares of<br />

common stock, worth $46.2 million.<br />

December 20, 1971<br />

another legend passes<br />

Roy O. <strong>Disney</strong> dies.<br />

October 1, 1971<br />

<strong>Walt</strong> <strong>Disney</strong> World<br />

opens<br />

<strong>The</strong> Magic Kingdom<br />

opens at <strong>Walt</strong> <strong>Disney</strong><br />

World.<br />

December 15, 1966<br />

the passing of a legend<br />

<strong>Walt</strong> <strong>Disney</strong> dies.<br />

February 3, 1965<br />

<strong>Walt</strong> <strong>Disney</strong> productions consolidates again<br />

<strong>Walt</strong> <strong>Disney</strong> Productions acquires WED Enterprises<br />

from <strong>Walt</strong> <strong>Disney</strong> for approximately $4<br />

million.<br />

July 6, 1960<br />

<strong>Walt</strong> <strong>Disney</strong> productions purchases Remaining<br />

stake in <strong>Disney</strong>land<br />

<strong>Walt</strong> <strong>Disney</strong> Productions, Inc. purchases the<br />

remaining 34.5 percent interest in <strong>Disney</strong>land,<br />

Inc. for $7.5 million.<br />

June 19, 1957<br />

<strong>Walt</strong> <strong>Disney</strong> productions exercises <strong>Disney</strong>land<br />

options<br />

<strong>Walt</strong> <strong>Disney</strong> Productions, Inc. exercises options<br />

to purchase an additional 3 percent stake in<br />

<strong>Disney</strong>land, Inc. for $528,8 0.<br />

October 3, 1955<br />

<strong>The</strong> Mickey Mouse Club airs on aBc<br />

<strong>The</strong> Mickey Mouse<br />

Club first airs on<br />

ABC.<br />

July 17, 1955<br />

an american<br />

original opens<br />

<strong>Disney</strong>land first opens its gates in Anaheim,<br />

California. <strong>Walt</strong> <strong>Disney</strong> Productions invests<br />

$500,000 to own 34.5 percent of <strong>Disney</strong>land,<br />

Inc., the company that owns <strong>Disney</strong>land.<br />

April 6, 1953<br />

Retlaw enterprises Founded<br />

Retlaw Enterprises is founded as a private company<br />

solely owned by <strong>Walt</strong> <strong>Disney</strong> to control<br />

the merchandising rights to the name “<strong>Walt</strong><br />

<strong>Disney</strong>.”<br />

December 16, 1952<br />

WeD enterprises Founded<br />

WED Enterprises is founded as a private company<br />

owned solely by <strong>Walt</strong> <strong>Disney</strong> to design<br />

and create <strong>Disney</strong>land.<br />

April 2, 1940<br />

First preferred shares issued<br />

<strong>Walt</strong> <strong>Disney</strong> Productions, Ltd. issues 55,000<br />

shares of 6 percent cumulative convertible preferred<br />

stock in the over-the-counter market.<br />

September 29, 1938<br />

<strong>Walt</strong> <strong>Disney</strong> productions, ltd. consolidates<br />

<strong>Walt</strong> <strong>Disney</strong> Productions, Ltd. absorbs the three<br />

other <strong>Disney</strong> companies created in 929.<br />

December 21, 1937<br />

premiere of snow White and the seven<br />

Dwarfs<br />

Snow White and the Seven<br />

Dwarfs, the first featurelength<br />

animated film,<br />

premieres accompanied<br />

by the first comprehensive<br />

merchandise campaign.<br />

December 16, 1929<br />

<strong>Walt</strong> <strong>Disney</strong> productions, ltd. Formed<br />

<strong>The</strong> <strong>Disney</strong> Brothers<br />

partnership is replaced<br />

by <strong>Walt</strong> <strong>Disney</strong> Productions,<br />

Ltd.; <strong>Walt</strong> <strong>Disney</strong><br />

Enterprises; Liled Realty<br />

and Investment <strong>Company</strong>;<br />

and the <strong>Disney</strong> Film<br />

Recording <strong>Company</strong>.<br />

November 18, 1928<br />

steamboat Willie Debuts<br />

Mickey and Minnie<br />

Mouse debut in<br />

Steamboat Willie,<br />

<strong>Disney</strong>’s first<br />

animated film with<br />

sound effects and<br />

dialogue.<br />

October 16, 1923<br />

the alice comedies<br />

created<br />

<strong>Walt</strong>er E. and Roy O. <strong>Disney</strong><br />

establish <strong>The</strong> <strong>Disney</strong> Brothers<br />

Studio in a contract with<br />

M.J. Winkler for a series of<br />

animated short subjects entitled<br />

<strong>The</strong> Alice Comedies.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 38

Ffinancials

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

consolidated statements of income<br />

(in millions, except per share data)<br />

Revenues:<br />

2007 2006<br />

Media Networks $ 5,046 $ 4, 00<br />

Parks and Resorts 0,626 9,925<br />

Studio Entertainment 7,49 7,529<br />

Consumer Products 2,347 2, 93<br />

Total revenues $35,5 0 $33,747<br />

Segment operating income ( ) (2) :<br />

Media Networks $4,285 $3,480<br />

Parks and Resorts ,7 0 ,534<br />

Studio Entertainment ,20 729<br />

Consumer Products 63 6 8<br />

Total segment operating income 7,827 6,36<br />

Corporate and unallocated shared expenses (497) (522)<br />

Amortization of intangible assets ( 6) ( )<br />

Equity-based compensation plan modification charge (48) -<br />

Gains on sales of equity investments and business ,052 70<br />

Restructuring and impairment (charges) and other credits, net - 8<br />

Net interest expense (593) (592)<br />

Income from continuing operations before income taxes and minority interests 7,725 5,324<br />

Income taxes (2,874) ( ,837)<br />

Minority interests ( 77) ( 83)<br />

Income from continuing operations 4,674 3,304<br />

Discontinued operations, net of tax 3 70<br />

Net income $4,687 $3,374<br />

Diluted Earnings per share:<br />

Earnings per share, continuing operations (3) $2.24 $ .60<br />

Earnings per share, discontinued operations 0.0 0.03<br />

Earnings per share (3) (4) $2.25 $ .64<br />

Basic Earnings per share:<br />

Earnings per share, continuing operations $2.33 $ .65<br />

Earnings per share, discontinued operations 0.0 0.03<br />

Earnings per share $2.34 $ .68<br />

Average number of common and common equivalent shares outstanding:<br />

Diluted 2,092 2,076<br />

Basic 2,004 2,005<br />

( ) Segment operating income includes equity in the income of investees.<br />

(2) Aggregate segment operating income is not a financial measure defined by Generally Accepted Accounting Principles (GAAP).<br />

<strong>The</strong> associated GAAP measure is income from continuing operations. A reconciliation of the two income financial measures is noted above.<br />

(3) <strong>The</strong> calculation of diluted earnings per share assumes the conversion of the <strong>Company</strong>’s convertible senior notes and adds back interest expense (net of tax) of<br />

$2 million for fiscal 2007 and 2006.<br />

(4) Total earnings per share may not equal the sum of the column due to rounding.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 40

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

consolidated statements of income (continued)<br />

(in millions, except per share data) 2007 2006<br />

Depreciation expense from continuing operations by segment is as follows:<br />

Media Networks $ 84 $ 79<br />

Parks and Resorts<br />

Domestic 790 780<br />

International 304 279<br />

Studio Entertainment 3 30<br />

Consumer Products 8 23<br />

Corporate 32 26<br />

Total depreciation expense from continuing operations $ ,459 $ ,4 7<br />

Supplemental revenue, segment operating income, and depreciation expense from continuing operations detail for the Media<br />

Networks segment are as follows:<br />

Revenues ( )<br />

Cable Networks $9, 67 $8, 59<br />

Broadcasting 5,879 5,94<br />

$ 5,046 $ 4, 00<br />

Segment operating income ( )<br />

Cable Networks $3,582 $3,005<br />

Broadcasting 703 475<br />

Depreciation expense ( )<br />

$4,285 $3,480<br />

Cable Networks $89 $86<br />

Broadcasting 95 93<br />

$ 84 $ 79<br />

( ) Operating results of the ESPN Radio and Radio <strong>Disney</strong> network and stations businesses are now included with Cable Networks in the Media Networks segment<br />

for the current and prior periods. Previously, the <strong>Company</strong>’s radio businesses were included within Broadcasting in the Media Networks segment.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 4

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

consolidated Balance sheets<br />

(in millions, except per share data)<br />

September 29, September 30,<br />

2007 2006<br />

ASSETS<br />

Current assets<br />

Cash and cash equivalents $3,670 $2,4<br />

Receivables 5,032 4,707<br />

Inventories 64 694<br />

Television costs 559 4 5<br />

Deferred income taxes 862 592<br />

Other current assets 550 743<br />

Total current assets ,3 4 9,562<br />

Film and television costs 5, 23 5,235<br />

Investments 995 ,3 5<br />

Parks, resorts and other property, at cost<br />

Attractions, buildings and equipment 30,260 28,843<br />

Accumulated depreciation ( 5, 45) ( 3,78 )<br />

5, 5 5,062<br />

Projects in progress , 47 9 3<br />

Land , 7 , 92<br />

7,433 7, 67<br />

Intangible assets, net 2,494 2,907<br />

Goodwill 22,085 22,505<br />

Other assets ,484 ,307<br />

$60,928 $59,998<br />

LIABILITIES AND SHAREHOLDERS’ EQUITY<br />

Current liabilities<br />

Accounts payable and other accrued liabilities $5,949 $5,9 7<br />

Current portion of borrowings 3,280 2,682<br />

Unearned royalties and other advances 2, 62 ,6<br />

Total current liabilities ,39 0,2 0<br />

Borrowings ,892 0,843<br />

Deferred income taxes 2,573 2,65<br />

Other long-term liabilities 3,024 3, 3<br />

Minority interests ,295 ,343<br />

Commitments and contingencies<br />

Shareholders’ equity<br />

Preferred stock, $0.0 par value<br />

Authorized - 00 million shares, Issued - none - -<br />

Common stock - $0.0 par value<br />

Authorized - 3.6 billion shares,<br />

Issued - 2.6 billion shares at September 29, 2007 and 2.5 billion<br />

at September 30, 2006 24,207 22,377<br />

Retained earnings 24,805 20,630<br />

Accumulated other comprehensive loss ( 57) (8)<br />

48,855 42,999<br />

Treasury stock, at cost, 637.8 million shares at September 29, 2007<br />

and 436.0 million shares at September 30, 2006 ( 8, 02) ( , 79)<br />

30,753 3 ,820<br />

$60,928 $59,998<br />

<strong>The</strong> footnotes to the financial statements are an integral part of the financial statements. Please refer to pages 68 - 08<br />

of the 2007 0-K, which can be found here.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 42

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

consolidated statements of cash Flow<br />

(in millions)<br />

2007 2006<br />

OPERATING ACTIVITIES OF CONTINUING OPERATIONS<br />

Net income $4,687 $3,374<br />

Income from discontinued operations ( 3) (70)<br />

Depreciation and amortization ,49 ,437<br />

Gains on sales of equity investments and business ( ,052) (70)<br />

Deferred income taxes (260) ( 39)<br />

Equity in the income of investees (485) (473)<br />

Cash distributions received from equity investees 420 458<br />

Minority interests 77 83<br />

Net change in film and television costs 5 860<br />

Equity-based compensation 4 9 373<br />

Other<br />

Changes in operating assets and liabilities<br />

(65) (54)<br />

Receivables (355) (85)<br />

Inventories 52 (63)<br />

Other assets 9 (55)<br />

Accounts payable and other accrued liabilities 77 304<br />

Income taxes 8 (20)<br />

Cash provided by continuing operations 5,398 5,960<br />

INVESTING ACTIVITIES OF CONTINUING OPERATIONS<br />

Investments in parks, resorts and other property ( ,566) ( ,292)<br />

Sales of investments 5 ,073<br />

Proceeds from sales of equity investments and business ,530 8<br />

Acquisitions (588) (55)<br />

Proceeds from sales of fixed assets and other (27)<br />

Cash used in continuing investing activities (6 8) (220)<br />

FINANCING ACTIVITIES OF CONTINUING OPERATIONS<br />

Commercial paper borrowings, net ,847 85<br />

Borrowings 3, 43 2,806<br />

Reduction of borrowings (2,294) ( ,950)<br />

Dividends (637) (5 9)<br />

Repurchases of common stock (6,923) (6,898)<br />

Equity partner contributions - 5<br />

Exercise of stock options and other ,245 ,259<br />

Cash used in continuing financing activities (3,6 9) (5, 66)<br />

CASH FLOWS OF DISCONTINUED OPERATIONS<br />

Net cash provided by operating activities of discontinued operations 23 98<br />

Net cash used in investing activities of discontinued operations (3) (7)<br />

Net cash provided by financing activities of discontinued operations 78 23<br />

Increase in cash and cash equivalents ,259 688<br />

Cash and cash equivalents, beginning of year 2,4 ,723<br />

Cash and cash equivalents, end of year $3,670 $2,4<br />

Supplemental disclosure of cash flow information:<br />

Interest paid $55 $6 7<br />

Income taxes paid $2,796 $ ,857<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 43

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

consolidated statements of income<br />

Fiscal 2007<br />

(in millions, except per share data) Quarter Ended Year Ended<br />

Dec 30 Mar 3 Jun 30 Sep 29 Sep 29<br />

Revenues:<br />

Media Networks $3,767 $3,442 $3,8 7 $4,020 $ 5,046<br />

Parks and Resorts 2,489 2,446 2,904 2,787 0,626<br />

Studio Entertainment 2,633 ,550 ,775 ,533 7,49<br />

Consumer Products 692 5 6 549 590 2,347<br />

Total revenues $9,58 $7,954 $9,045 $8,930 $35,5 0<br />

Segment operating income:<br />

Media Networks $709 $ , 53 $ ,358 $ ,065 $4,285<br />

Parks and Resorts 405 254 62 430 ,7 0<br />

Studio Entertainment 604 235 92 70 ,20<br />

Consumer Products 235 25 8 53 63<br />

Total segment operating income ( ) ,953 ,767 2,289 ,8 8 7,827<br />

Corporate and unallocated shared expenses ( 07) ( 30) ( 5) ( 45) (497)<br />

Amortization of intangible assets (3) (3) (4) (6) ( 6)<br />

Equity-based compensation plan modification charge (48) - - - (48)<br />

Gains on sales of equity investments ,052 - - - ,052<br />

Net interest expense ( 57) ( 30) ( 43) ( 63) (593)<br />

Income from continuing operations before income taxes and minority<br />

interests<br />

2,690 ,504 2,027 ,504 7,725<br />

Income taxes ( ,009) (582) (762) (52 ) (2,874)<br />

Minority interests (5) (3) (69) ( 00) ( 77)<br />

Income from continuing operations ,676 9 9 , 96 883 4,674<br />

Income (loss) from discontinued operations, net of tax 25 2 ( 8) (6) 3<br />

Net income $ ,70 $93 $ , 78 $877 $4,687<br />

Diluted Earnings per share:<br />

Earnings per share, continuing operations (2) (4) $0.78 $0.43 $0.58 $0.44 $2.24<br />

Earnings per share, discontinued operations 0.0 0.0 (0.0 ) - 0.0<br />

Earnings per share (2) (3) (4) $0.79 $0.44 $0.57 $0.44 $2.25<br />

Basic Earnings per share:<br />

Earnings per share, continuing operations (4) $0.8 $0.45 $0.60 $0.46 $2.33<br />

Earnings per share, discontinued operations 0.0 0.0 (0.0 ) - 0.0<br />

Earnings per share (3) (4) $0.83 $0.46 $0.59 $0.45 $2.34<br />

Average number of common and common equivalent shares outstanding:<br />

Diluted 2, 48 2, 29 2,070 2,023 2,092<br />

Basic 2,059 2,039 ,982 ,936 2,004<br />

( ) Aggregate segment operating income is a non-GAAP financial measure. <strong>The</strong> associated GAAP financial measure is income from continuing operations. A<br />

reconciliation of the two income financial measures is noted above.<br />

(2) <strong>The</strong> calculation of diluted earnings per share assumes the conversion of the <strong>Company</strong>’s convertible senior notes and adds back related interest expense (net of tax) of<br />

$5 million, $6 million, $5 million, $5 million and $2 million for the first quarter, second quarter, third quarter, fourth quarter and the fiscal year, respectively.<br />

(3) Total earnings per share may not equal the sum of the column due to rounding.<br />

(4) Earnings per share for the year may not equal the sum of the quarters due to rounding.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 44

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

consolidated statements of income<br />

Fiscal 2007 (continued)<br />

(in millions, except per share data) Quarter Ended Year Ended<br />

Dec 30 Mar 3 Jun 30 Sep 29 Sep 29<br />

Depreciation expense from continuing operations by segment is as follows:<br />

Media Networks<br />

Parks and Resorts<br />

$43 $45 $48 $48 $ 84<br />

Domestic 99 97 98 96 790<br />

International 74 73 79 78 304<br />

Studio Entertainment 5 4 3<br />

Consumer Products 5 4 4 5 8<br />

Corporate 33 33 34 32 32<br />

Total depreciation expense from continuing operations $ 365 $ 357 $ 367 $ 370 $ ,459<br />

Supplemental revenue, segment operating income, and depreciation expense from continuing operations detail for the Media<br />

Networks segment are as follows:<br />

Revenues ( )<br />

Cable Networks $2, 36 $ ,93 $2,305 $2,795 $9, 67<br />

Broadcasting ,63 ,5 ,5 2 ,225 5,879<br />

$3,767 $3,442 $3,8 7 $4,020 $ 5,046<br />

Segment operating income ( )<br />

Cable Networks $462 $962 $ ,063 $ ,095 $3,582<br />

Broadcasting 247 9 295 (30) 703<br />

Depreciation expense ( )<br />

$709 $ , 53 $ ,358 $ ,065 $4,285<br />

Cable Networks $2 $23 $22 $23 $89<br />

Broadcasting 22 22 26 25 95<br />

$43 $45 $48 $48 $ 84<br />

( ) Operating results of the ESPN Radio and Radio <strong>Disney</strong> network and stations businesses are included with Cable Networks in the Media Networks segment for all<br />

periods shown. Previously, the <strong>Company</strong>’s radio businesses were included within Broadcasting in the Media Networks segment.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 45

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

consolidated statements of income<br />

Fiscal 2006<br />

(in millions, except per share data) Quarter Ended Year Ended<br />

Dec 3 Apr Jul Sep 30 Sep 30<br />

Revenues:<br />

Media Networks $3,533 $3,432 $3,594 $3,54 $ 4, 00<br />

Parks and Resorts 2,402 2,25 2,730 2,542 9,925<br />

Studio Entertainment 2,045 ,774 ,705 2,005 7,529<br />

Consumer Products 733 45 445 564 2, 93<br />

Total revenues $8,7 3 $7,908 $8,474 $8,652 $33,747<br />

Segment operating income:<br />

Media Networks $572 $953 $ , 05 $850 $3,480<br />

Parks and Resorts 375 2 4 549 396 ,534<br />

Studio Entertainment 28 47 240 2 4 729<br />

Consumer Products 270 04 05 39 6 8<br />

Total segment operating income ( ) ,345 ,4 8 ,999 ,599 6,36<br />

Corporate and unallocated shared expenses ( 03) ( 36) ( 20) ( 63) (522)<br />

Amortization of intangible assets (3) (2) (3) (3) ( )<br />

Gains on sales of equity investment and business 70 - - - 70<br />

Restructuring and impairment (charges) and other credits, net - - 8 - 8<br />

Net interest expense ( 63) ( 45) ( 33) ( 5 ) (592)<br />

Income before income taxes and minority interests , 46 , 35 ,76 ,282 5,324<br />

Income taxes (4 7) (399) (593) (428) ( ,837)<br />

Minority interests ( 6) ( 2) (73) (82) ( 83)<br />

Income from continuing operations 7 3 724 ,095 772 3,304<br />

Discontinued operations, net of tax 2 9 30 0 70<br />

Net income $734 $733 $ , 25 $782 $3,374<br />

Diluted Earnings per share:<br />

Earnings per share, continuing operations (2) $0.36 $0.37 $0.5 $0.36 $ .60<br />

Earnings per share, discontinued operations (4) 0.0 - 0.0 - 0.03<br />

Earnings per share (2) (3) (4) $0.37 $0.37 $0.53 $0.36 $ .64<br />

Basic Earnings per share:<br />

Earnings per share, continuing operations $0.37 $0.38 $0.53 $0.37 $ .65<br />

Earnings per share, discontinued operations (4) 0.0 - 0.0 - 0.03<br />

Earnings per share (3) $0.38 $0.38 $0.54 $0.38 $ .68<br />

Average number of common and common<br />

equivalent shares outstanding:<br />

Diluted ,999 ,990 2, 47 2, 68 2,076<br />

Basic ,940 ,924 2,07 2,085 2,005<br />

( ) Aggregate segment operating income is a non-GAAP financial measure. <strong>The</strong> associated GAAP financial measure is income from continuing operations.<br />

A reconciliation of the two income financial measures is noted above.<br />

(2) <strong>The</strong> calculation of diluted earnings per share assumes the conversion of the <strong>Company</strong>’s convertible senior notes and adds back related interest expense (net<br />

of tax) of $5 million, $6 million, $5 million, $5 million and $2 million for the first quarter, second quarter, third quarter, fourth quarter and the fiscal year, respectively.<br />

(3) Total earnings per share may not equal the sum of the column due to rounding.<br />

(4) Earnings per share for the year may not equal the sum of the quarters due to rounding.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 46

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

consolidated statements of income<br />

Fiscal 2006 (continued)<br />

(in millions, except per share data) Quarter Ended Year Ended<br />

Dec 3 Apr Jul Sep 30 Sep 30<br />

Depreciation expense from continuing operations by segment is as follows:<br />

Media Networks<br />

Parks and Resorts<br />

$43 $43 $45 $48 $ 79<br />

Domestic 209 200 99 72 780<br />

International 68 68 7 72 279<br />

Studio Entertainment 5 6 9 0 30<br />

Consumer Products 5 5 5 8 23<br />

Corporate 34 3 28 33 26<br />

Total depreciation expense from continuing operations $364 $353 $357 $343 $ ,4 7<br />

Supplemental revenue, segment operating income, and depreciation expense from continuing operations detail for the Media<br />

Networks segment are as follows:<br />

Revenues ( )<br />

Cable Networks $ ,906 $ ,802 $2,206 $2,245 $8, 59<br />

Broadcasting ,627 ,630 ,388 ,296 5,94<br />

$3,533 $3,432 $3,594 $3,54 $ 4, 00<br />

Segment operating income ( )<br />

Cable Networks $380 $8 0 $975 $840 $3,005<br />

Broadcasting 92 43 30 0 475<br />

$572 $953 $ , 05 $850 $3,480<br />

Depreciation expense ( )<br />

Cable Networks $2 $2 $23 $2 $86<br />

Broadcasting 22 22 22 27 93<br />

$43 $43 $45 $48 $ 79<br />

( ) Operating results of the ESPN Radio and Radio <strong>Disney</strong> network and stations businesses are included with Cable Networks in the Media Networks segment for all<br />

periods shown. Previously, the <strong>Company</strong>’s radio businesses were included within Broadcasting in the Media Networks segment.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 47

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

key Financial Ratios<br />

Year Ended September 29, 2007<br />

Segment operating performance<br />

Segment operating income ( ) /Total revenues 22.0%<br />

Income from continuing operations before income taxes (2) /Total revenues 2 .3%<br />

Income from continuing operations /Total revenues 3.2%<br />

Return on investment<br />

Net Income /Average shareholders’ equity 5.0%<br />

Net income /Average total assets 7.8%<br />

Capital structure<br />

Borrowings/Average shareholders’ equity 48.5%<br />

Borrowings/Average total assets 25. %<br />

Borrowings/Total market capitalization 23.0%<br />

Debt service coverage<br />

Income from continuing operations before net interest expense and income taxes (3) /<br />

Total gross interest expense 0.9 x<br />

Income from continuing operations before net interest expense, income taxes,<br />

depreciation, and amortization<br />

2.9 x<br />

(4) /Total gross interest expense<br />

( ) - (4): Please see reconciliations page<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 48

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

<strong>Disney</strong> common stock statistics<br />

Year Ended September 29, 2007<br />

Stock Price<br />

High $36.30<br />

Low $30.00<br />

Close (September 29, 2007) $34.39<br />

Annual Cash Dividends Per Share ( ) $0.35<br />

Average Diluted Shares Outstanding (in millions) 2,092<br />

Dividend Payout Ratio 4%<br />

Dividend Yield %<br />

Market Value of Equity (in millions) $65,926<br />

( ) <strong>The</strong> fiscal 2007 annual dividend was declared on November 28, 2007 and is payable on January , 2008, to <strong>Disney</strong> common stock shareholders at the close of<br />

business on December 7, 2007.<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 49

F financials<br />

the <strong>Walt</strong> <strong>Disney</strong> company<br />

Reconciliations<br />

( ) Aggregate segment operating income is a non-GAAP financial measure. <strong>The</strong> associated GAAP<br />

financial measure is income from continuing operations. Below is a reconciliation of the<br />

two income financial measures:<br />

Segment operating income $7,827<br />

Corporate and unallocated shared expenses (497)<br />

Amortization of intangible assets ( 6)<br />

Equity-based compensation plan modification charge (48)<br />

Gains on sales of equity investments ,052<br />

Net interest expense (593)<br />

Income from continuing operations before income taxes and minority interests 7,725<br />

Income taxes (2,874)<br />

Minority interests ( 77)<br />

Income from continuing operations $4,674<br />

(2) Income from continuing operations before income taxes is a non-GAAP financial measure. <strong>The</strong> associated GAAP financial measure<br />

is income from continuing operations. Below is a reconciliation of the two income financial measures:<br />

Income from continuing operations before income taxes $7,548<br />

Income taxes (2,874)<br />

Income from continuing operations $4,674<br />

(3) Income from continuing operations before net interest expense and income taxes is a non-GAAP financial measure. <strong>The</strong> associated<br />

GAAP financial measure is income from continuing operations. Below is a reconciliation of the two income financial measures:<br />

Income from continuing operations before net interest expense and income taxes $8, 4<br />

Net interest expense (593)<br />

Income taxes (2,874)<br />

Income from continuing operations $4,674<br />

(4) Income from continuing operations before net interest expense, income taxes, depreciation, and amortization is a non-GAAP financial measure.<br />

<strong>The</strong> associated GAAP financial measure is income from continuing operations. Below is a reconciliation of the two income financial measures:<br />

Income from continuing operations before net interest expense, income taxes,<br />

depreciation, and amortization $9,632<br />

Net interest expense (593)<br />

Income Taxes (2,874)<br />

Depreciation ( ,459)<br />

Amortization (32)<br />

Income from continuing operations $4,674<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 50

This Fact Book has been prepared by the Investor Relations group of <strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> solely to provide information for shareholders and<br />

others interested in the <strong>Company</strong>. It is not intended to provide a basis for or be a recommendation with respect to investment decisions. All sharehold-<br />

ers and potential investors should carefully review the Annual Report of the <strong>Company</strong> on Form 0-K and the other quarterly and periodic reports of<br />

the <strong>Company</strong> and other information filed by the <strong>Company</strong> with the Securities and Exchange Commission before making any investment decision. All<br />

information contained in this Fact Book is presented as of the date below, and the <strong>Company</strong> assumes no duty to confirm, revise or update the<br />

information.<br />

December 3 , 2007<br />

<strong>The</strong> <strong>Walt</strong> <strong>Disney</strong> <strong>Company</strong> Fact Book 2007 5

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