News From INVESTOR RELATIONS - The Walt Disney Company

[Pages:12]NFerowmsINVESTOR RELATIONS

FALL 2012

Q3 FY12 Earnings Results pg2 - Company News Disney B.O. Passes $1 Billion pg3 - Studio Entertainment ABC Fall Premiere Dates pg4 - Media Networks ESPN and MLB's New Agreement pg6 - ESPN

Company News

Disney Reports Q3 FY12 Earnings Results

On August 7, The Walt Disney Company reported earnings for its third fiscal quarter and nine months ended June 30, 2012. Diluted earnings per share (EPS) for the third quarter increased 31% to $1.01 from $0.77 in the prior-year quarter. Diluted EPS for the nine months ended June 30, 2012, was $2.44 compared to $1.93 in the prior-year period.

"We had a phenomenal third quarter, delivering the largest quarterly earnings in the history of our company," Bob Iger, Chairman and CEO of The Walt Disney Company, said. "Earnings per share were up 31% over last year, driven by growth in every one of our businesses. We also delivered record earnings per share for the first nine months of our fiscal year, and we believe our results clearly demonstrate Disney's unique value proposition and great potential to deliver longterm growth."

income increased 21% to $630 million. Results for the quarter were driven by increases at Tokyo Disney Resort, Disney Cruise Line and domestic parks and resorts.

STUDIO ENTERTAINMENT: Studio Entertainment revenues were essentially flat at $1.6 billion, and segment operating income increased $264 million to $313 million. Higher operating income was primarily due to increases in worldwide theatrical results and worldwide television distribution, partially offset by a decrease in worldwide home entertainment.

CONSUMER PRODUCTS: Consumer Products revenues increased 8% to $742 million, and segment operating income increased 35% to $209 million. Higher operating income was primarily due to increases at Merchandise Licensing and at our retail business.

MEDIA NETWORKS: Media Networks revenues for the quarter increased 3% to $5.1 billion, and segment operating income increased 2% to $2.1 billion.

PARKS AND RESORTS: Parks and Resorts revenues for the quarter increased 9% to $3.4 billion, and segment operating

INTERACTIVE: Interactive revenue for the quarter decreased 22% to $196 million, and segment operating results improved from a loss of $86 million in the prior-year quarter to a loss of $42 million in the current quarter. Operating results were driven by improved performance from our games and online businesses.

Some of the statements in this note are forward looking and actual results may differ materially from what we predict, depending on the general economy and other factors identified in our Reports on Form 10-K and other SEC filings. For more information, visit investors.

The Walt Disney Company - Investor Relations

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STUDIO ENTERTAINMENT

Marvel's The Avengers Sequel

The Walt Disney Studios has announced a release date for Marvel Studios' sequel to the biggest Super Hero blockbuster and thirdhighestgrossing film of all time, Marvel's The Avengers. Joss Whedon returns to write and direct the UNTITLED MARVEL'S AVENGERS SEQUEL set for release May 1, 2015.

Disney Passes $1 Billion at Domestic B.O.

Walt Disney Studios Motion Pictures passed $1 billion in domestic gross on Sunday, July 8, becoming the first studio to reach this plateau this year. This is the fastest Disney has ever reached the billion dollar mark (188 days), beating the

previous Studio record of 210 days set in 2010. This marks the 16th time in the last 19 years (and the last seven years in a row) that Disney has achieved this milestone.

The Lion King is the Fifth Longest-Running Show in Broadway History

Disney's landmark musical event, The Lion King, played its 6,138th performance on Wednesday, August 15, becoming the fifth longestrunning show in Broadway history. The Lion King surpassed the original Broadway production of A Chorus Line.

In its 15th year, The Lion King remains ascendant, recently becoming the highest-grossing Broadway show in history. Since its Broadway premiere on November 13, 1997, 19 productions around the globe have been seen by more than 65 million people,

grossing over $4.8 billion and, cumulatively, running a staggering 91 years. Produced by Disney Theatrical Productions (under the direction of Thomas Schumacher), The Lion King is only the second show in history to generate five productions running 10 or more years. Translated into seven different languages (Japanese, German, Korean, French, Dutch, Mandarin, Spanish), the show has been performed in 15 different countries on five continents. Continuing to reign as one of the most popular stage musicals in the world, The Lion King can currently be seen on Broadway, on stages across North America, on tour in Japan, and in Tokyo, London's West End, Hamburg and Madrid. A UK tour launches in Bristol, England later this month.

The Walt Disney Company - Investor Relations

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MEDIA NETWORKS

The Disney/ABC Television Group Receives 53 Emmy? Nominations

The Disney/ABC Television Group received 53 nominations for the 64th Primetime Emmy Awards, covering the eligibility period of June 1, 2011, through May 31, 2012.

Among ABC's nominations were 14 for Modern Family, which received nods for Outstanding Comedy Series, Outstanding Supporting Actress for Julie Bowen and Sofia Vergara, and Outstanding Supporting Actor for Ed O'Neill, Jesse Tyler Ferguson, Ty Burrell and Eric Stonestreet. Dancing with the Stars received two nominations, for Outstanding Reality ? Competition Program and Tom Bergeron for Outstanding Host for a Reality or Reality-Competition Program. Jimmy Kimmel Live received a nod for Outstanding Variety Series, Ashley Judd received a nomination for Outstanding Lead Actress in a Miniseries or

a Movie for Missing, and Jamie Oliver's Food Revolution and Shark Tank were both nominated for Outstanding Reality Program.

Jimmy Kimmel will host the 64th Primetime Emmy Awards, broadcast live coast to coast, Sunday, September 23, 2012, exclusively on ABC.

ABC Fall Premiere Dates

Friday, September 14 8:00?9:00 p.m. 9:00?10:00 p.m. 10:00?11:00 p.m.

Shark Tank What Would You Do?

20/20

Monday, September 24 8:00?10:00 p.m. 10:00?11:00 p.m.

Dancing with the Stars: All-Stars Castle

Tuesday, September 25 8:00?10:00 p.m. 10:00?11:00 p.m.

Dancing with the Stars the Results Show Private Practice

Wednesday, September 26

8:00?9:00 p.m.

The Middle (special one-hour premiere)

9:00?9:30 p.m.

Modern Family

9:30?10:00 p.m.

The Neighbors (series premiere)

Thursday, September 27 8:00?9:00 p.m. 9:00?10:00 p.m. 10:00?11:00 p.m.

Last Resort Grey's Anatomy

Scandal

Sunday, September 30 8:00?9:00 p.m. 9:00?10:00 p.m. 10:00?11:00 p.m.

Once Upon a Time Revenge

666 Park Avenue

Wednesday, October 3

8:30?9:00 p.m.

The Neighbors (regular time period premiere)

Sunday, October 7 7:00?8:00 p.m.

America's Funniest Home Videos

Wednesday, October 10 10:00?11:00 p.m.

Nashville

Wednesday, October 17 9:30?10:00 p.m.

Suburgatory

Tuesday, October 23 9:00?9:30 p.m. 9:30?10:00 p.m.

Happy Endings Don't Trust the B--in Apartment 23

Friday, November 2 8:00?8:30 p.m. 8:30?9:00 p.m. 9:00?10:00 p.m.

Last Man Standing Malibu Country

Shark Tank (new time period premiere)

The Walt Disney Company - Investor Relations

FALL 2012 I 4

Disney/ABC Television Group and Comcast Unveil Watch Products

Comcast and Disney/ABC Television Group recently announced that Xfinity TV customers can now access three new authenticated TV+ products: WATCH Disney Channel, WATCH Disney XD and WATCH Disney Junior--at home or on-the-go--via a suite of new innovative apps for iPhone, iPad and iPod touch, and online at , and . The three new WATCH products are the first-ever to provide authenticated users with both access to live, linear network streams as well as an extensive offering of advantaged window "on demand" episodes.

Xfinity TV customers, who subscribe to Disney Channel, Disney XD and Disney Junior networks as part of their monthly video service can now stream these channels live online and via the convenience of their iOS devices. In addition, Xfinity TV customers can view a variety of top series including Good Luck Charlie, Shake It Up, Phineas and Ferb, TRON: Uprising, Mickey Mouse Clubhouse and Jake and the Never Land Pirates from Disney Channel, Disney XD and Disney Junior on these new WATCH products, on Xfinity On Demand, tv and

through the Xfinity TV app on the iPad, iPhone and iPod touch and Xfinity TV Player app on Android-powered devices, anytime.

The free Watch apps include a simple, kid-friendly user interface that brings the current online viewing experience to the highresolution, Multi-Touch displays of iOS devices. Once a user downloads one of the WATCH apps or visits one of the WATCH websites, they will receive sign-in instructions to verify their Comcast Xfinity TV credentials, allowing them access to their favorite Disney Channel, Disney XD or Disney Junior programs on their device(s).

Non-authenticated users of the WATCH Disney Channel, WATCH Disney XD and WATCH Disney Junior services will have access to a limited number of "on demand" episodes each month.

Disney/ABC Television Group's WATCH apps are available for free from the App Store on iPhone, iPad and iPod touch or at appstore.

The Walt Disney Company - Investor Relations

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ESPN

ESPN, MLB Reach Eight-Year Multiplatform Rights Extension

ESPN and Major League Baseball have reached an eightyear, multiplatform rights extension which will significantly enhance ESPN's TV, digital, radio and International MLB rights. The agreement--effective 2014 through 2021-- was recently announced by MLB Commissioner Allan H. Selig and ESPN President John Skipper.

ESPN's expanded MLB package will include the following additional rights:

? The addition of an annual Wild Card game presented by Budweiser, which will alternate between AL and NL each year;

? The rights to produce a significant amount of additional Baseball Tonight hours;

? The rights to all regular-season tiebreaker games, if necessary;

? In-progress highlights during SportsCenter on ESPN, ESPN2 and ESPNEWS;

? 10 additional regular-season games per season, including four Pennant Chase games in late September and up to six Holiday games across Memorial Day, July 4th and Labor Day;

? New and increased co-exist rights on Monday Night Baseball and Wednesday Night Baseball;

? The rights to produce a new, daily baseball studio show.

The new deal will also include several enhancements to existing rights:

? Increased rights for Sunday Night Baseball exclusive team appearances;

? More selection flexibility throughout ESPN's 25-game Sunday Night Baseball slate;

? Increased highlight rights for ESPN websites and applications, additional digital rights for ESPN programs and increased interactive television rights;

? Increased ESPN Radio rights, including the additional right to co-exist during two Saturday windows per team, per year;

? All MLB-related television content, including games and studio shows, to be available on WatchESPN;

? Continued State Farm Home Run Derby coverage during MLB All-Star, including renewed 3D Derby rights;

? Renewal and expansion of International rights across territories, including Wild Card games and the rights to additional Baseball Tonight hours.

The new agreement will guarantee a 30-plus year continuous relationship between ESPN and MLB--dating back to 1990-- which is one of the longest standing relationships between a network and a league.

The Walt Disney Company - Investor Relations

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PARKS AND RESORTS

New Fantasyland Grand Opening

Walt Disney Parks and Resorts recently announced that the grand opening of New Fantasyland will take place on December 6, 2012. Attractions included in this opening are Under the Sea ~ Journey of The Little Mermaid, Be Our Guest Restaurant, Enchanted Tales with Belle, Ariel's Grotto, Gaston's Tavern and Bonjour! Village Gifts.

The Storybook Circus section of the New Fantasyland expansion, which includes Barnstormer--Starring the Great Goofini, the Casey Jr. Splash & Soak Station, and Dumbo the Flying Elephant, opened to guests in July.

Previews of these attractions will begin November 19.

As previously planned, the New Fantasyland expansion will continue with the opening of Princess Fairytale Hall in 2013 and the debut of a new Disney "mountain" in the form of the Seven Dwarfs Mine Train in 2014.

Aulani, a Disney Resort & Spa, Ko Olina, Hawai'i Announces Plans to Expand Offerings

Aulani, a Disney Resort & Spa, Ko Olina, Hawai'i recently announced it is expanding its offerings to give guests even more to love at the 21-acre vacation paradise resort inspired by the wonders and traditions of Hawaii.

The project is planned to include an expansion of the highly popular Waikolohe Valley pool area as well as the addition of two new quick-service dining options. In addition, the Starlit

Hui show, a family favorite, will move to a larger venue so more guests can experience the performance.

Scheduled to begin in September and conclude in mid 2013, the expansion is happening in conjunction with the final buildout of the resort. More specific details of the expansion will be shared at a later date.

The Walt Disney Company - Investor Relations

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CONSUMER PRODUCTS

Disney Junior's Hit Series Inspire New Product Lines

Disney Consumer Products has launched an assortment of products inspired by Disney Junior's hit series' Jake and the Never Land Pirates and Doc McStuffins. Popularity for both programs has generated strong consumer demand for merchandise lines that allow fans to take home their favorite characters.

Breakout hit Jake and the Never Land Pirates, ranked as 2011's No.1 cable TV series for boys 2-5, a spot it continues to hold. The March premiere of Doc McStuffins, the imaginative animated series featuring 6-year-old Doc McStuffins who communicates with and heals stuffed animals and toys out of her backyard playhouse clinic, ranks as the No. 1 preschool series launch in cable TV history among Adults 18-49.

The Walt Disney Company - Investor Relations

FALL 2012 I 8

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