Jennifer Lopez and Marc Anthony DISNEY’S Q1 FY08 as Jasmine and Aladdin from Disney’s animated feature, EARNINgs RESULts Aladdin. PAGE 2 TOY STORY TRIO GOES 3-D PAGE 2 NEW 2008 BLU-RAY INITIATIVES PAGE 3 HIgh SCHOOL MUSICAL LIVE AROUND thE WORLD PAGE 4 ABC PICKS UP NINE SERIES FOR NEXT SEASON PAGE 5 ESPN, NBA FORM NEW CHINA ENTITY PAGE 5 Q1 FY08 EARNINGS RESULTS On February 5th, The Walt Disney Company reported earnings for its first fiscal quarter ended December 29, 2007. Diluted earnings per share (EPS) for the quarter were $0.63. EPS in the prior-year quarter, which included gains on sales of our interests High School Musical 2 premiered on Disney Channel U.S. in in E! Entertainment and Us Weekly, income from the discontinued August 2007 and attracted one of the largest audience ever for operations of the ABC Radio business, and an equity-based any basic-cable telecast with an initial viewership of 18.6 million. compensation plan modification charge that together increased It has now been seen by over 179 million total viewers around earnings by $0.30 per share, were $0.79. the world. Its soundtrack was the #2 album of 2007 in the U.S., achieving global sales of over 6.5 million. “We’ve started off 2008 with another outstanding quarter, marked by strong creative and operational performances,” said Robert A. The first movie, High School Musical, made its debut in January Iger, president and chief executive officer. “These results once 2006 on Disney Channel U.S., and has now been seen by 250 again highlight the quality of our content and our unique ability to million total viewers worldwide. It won two Emmy® Awards, a leverage it across our many businesses and territories.” DGA Award and a Television Critics Association Award, among others. The quadruple platinum soundtrack was the #1 album of For more information, please visit www.disney.com/investors. 2006. It was also the #1 TV movie on DVD for 2006 and became a best-selling series of junior novels and a popular consumer products franchise at mass retailers. THE WALT DISNEY COmpANY’S $750 MILLION MEDIUM-TERM NOTE TOY STORY TRIO GOES... ISSUANCE RATED ‘A’ On December 3, 2007, Standard & Poor’s Ratings Services assigned its ‘A’ rating to the $750 million issue of 4.7% medium-term notes due 2012 offered by The Walt Disney Company. All ratings affected by this rating action can be found on Standard & Poor’s public Web site at www.standardandpoors.com. The Walt Disney Studios is taking the latest advances in digital 3-D technology “to infinity and beyond” with ambitious plans to debut new Disney Digital 3-D™ versions of Disney-Pixar’s Toy Story on October 2nd, 2009, and Toy Story 2 on February 12th, 2010, it was recently announced. Both of these animated features are being newly converted to 3-D in advance of the June 18th, 2010 release of Disney-Pixar’s Toy Story 3, which is being DISNEY’S HIGH SCHOOL MUSICAL produced as a 3-D motion picture and will represent the state-of- the-art for the genre. Veteran Pixar filmmaker Lee Unkrich (co- STARS HEAD TO THE BIG SCREEN director Toy Story 2) is directing. All principal cast members from Disney’s High School Musical Academy Award®-winning filmmaker John Lasseter (director of – Zac Efron, Vanessa Hudgens, Ashley Tisdale, Lucas Grabeel, the first two Toy Story films and chief creative officer for Disney Corbin Bleu and Monique Coleman – will be reunited on the big and Pixar Animation Studios) will personally oversee the creative screen for Walt Disney Pictures’ upcoming feature film, High side of the 3-D conversions for Toy Story and Toy Story 2 with his School Musical 3: Senior Year, it was recently announced. acclaimed team. PAGE 2 RATATOUILLE AND ‘NO COUNTRY’ HIGH-DEFINITION SUCCESSOR TO SCORE AT THE OSCARS DVD TO BE SHOWCASED IN NEW CITIES ACROSS NORTH AMERICA Ratatouille, the critically acclaimed computer-animated feature from Following overwhelming consumer and media response of Blu-ray Walt Disney Pictures and Pixar technology being the leading format of choice for home entertain- Animation Studios, recently won the ment - Walt Disney Studios Home Entertainment and Panasonic Oscar® for ‘Best Animated Feature Electronics recently announced the official extension of Disney’s Film of the Year’ at the 80th Annual Magical Blu-ray Tour to visit seven additional North American Academy Awards ceremony after re- cities in 2008. ceiving five nominations, the most ever for a Disney/Pixar film. Miramax’s No Country BLU-RAY MALL TOUR SCHEDULE for Old Men won four MALL LOCATION EVENT DATES Academy Awards including ‘Best Motion Picture of the Year.’ Cool Springs Galleria Nashville, TN February 28 - March 1 North East Mall Hurst, TX March 7-9 Other winners include Daniel Day-Lewis, who won Flat Iron Crossing Denver, CO March 14-16 for Best Actor in Miramax’s There Will Be Blood. UNITY 2008 Convention Chicago, IL July 23-27 Javier Bardem won Best Supporting Actor for his work in No Country for Old Men, and Joel And Ethan Coen won Best Director and Best Adapted Screenplay honors, also for No For the Q1 FY08 Walt Disney Studios Home Entertainment Country for Old Men. No Country for Old Men and There Will Be Release Slate, please see Pages 9 and 10. Blood are co-productions with Paramount Vantage. For the Q1 FY08 Walt Disney Studios Release Slate, please NEWS FROM turn to Page 9. NEWS FROM Walt Disney Records Gets the Party Started with Hannah Montana 2 Non-Stop Dance Party Walt Disney Studios Home Entertainment Rolls into 2008 Walt Disney Records threw a full-on non-stop dance party with the with Blu-ray™ release of the Hannah Montana 2 Non-Stop Dance Party CD on January 29, 2008. Walt Disney Studios Home Entertainment (WDSHE) recently announced an exciting new line-up of Blu-ray initiatives in Following up on last summer’s #1 Billboard 200 release: 2008, an ever-expanding Blu-ray slate and new technological- Hannah Montana 2 / Meet Miley Cyrus two disc set – and on the advancements in bonus feature materials, all which guarantee a phenomenally successful 70-date Best of Both Worlds Tour – the superior high-definition home entertainment experience. Hannah Montana 2 Non-Stop For the first time ever, Disney will begin releasing its treasured Dance Party CD animated classics on Platinum Edition Blu-ray Disc™ launching is a fresh mix of with Sleeping Beauty in the fall of 2008. the complete hits from Disney/Pixar’s Finding Nemo Blu-ray Disc will debut the first the Hannah Cine-Explore featuring full motion picture-in-picture (BonusView). Montana Finding Nemo will also feature an all-new enhanced home theater 2 disc, mix in 7.1 surround sound. remixed into one As part of its continued worldwide Blu-ray release strategy, Disney continuous will be announcing the addition of many exciting movie titles to dance their 2008 Blu-ray line-up in North America, Europe and Asia. party mix. PAGE 3 NEWS FROM DISNEY THEATRICAL PRODUCTIONS Live Productions of High School Musical Fill Stages and Arenas Around The World While High School Musical 2 on DVD continues to fly off shelves and High School Musical 3 gets ready to roll for the cameras, Disney Theatrical Group has audiences flocking to live stage and ice productions around the world in record numbers. High School Musical On Tour!, which officially opened in Chicago on August 1, 2007, has just announced more domestic dates. By the end of 2008, High School Musical On Tour!, produced by Disney Theatrical Productions, will DISNEY’S THE LION KING CONTINUES have played 42 cities in over 60 weeks. Visit www.highschoolmusicalontour.com. TO ROAR ACROSS THE GLOBE High School Musical: The Ice Tour, which incorporates both Disney’s The Lion King, now in its eleventh year on Broadway, the story and music from High School Musical and High School continues to dominate the theatrical landscape across the globe. Musical 2, continues to do sell-out business in both the US and With over 45 million audience members worldwide to date, the abroad, reaching over 1.8 million guests around the globe since theatrical life of Disney’s biggest stage hit seems to have no end in its premiere on August 31st. Based upon this success, the US tour sight. will be extended through May of 2009. The Johannesburg production of The Lion King recently concluded On the international front, the show will return to the UK next its historic South African run at The Teatro at Montecasino on year. In other territories, the show has completed successful February 17th, marking the closing of the longest-running stage engagements in Italy, Spain and Mexico. production in South African history. Visit http://disney.go.com/disneylive/highschoolmusical/. Disney Theatrical Group also recently announced that after an unprecedented six seasons of touring two companies of The Lion King, one of the two record-setting tours would complete its final stop in Milwaukee, WI on March 2. As demand for the production remains strong, the second tour will continue indefinitely. Together the two tours have played to a combined audience of over 10 million people to date since the two tours began. For more information, visit http://www.lionkingtour.com. PAGE 4 NEWS FROM NEWS FROM NBA FORMS NEW CHINA ENTITY ABC TELEVISION NEtwORK The National Basketball Association recently announced the ABC Entertainment Picks Up formation of NBA China, a new entity that will conduct all of the Nine Series for Next Season league’s businesses in Greater China.