SOURCE: Town Hall Los Angeles

June 01, 2006 21:52 ET

Disney President and CEO Robert Iger Addresses Town Hall Los Angeles

LOS ANGELES, CA -- (MARKET WIRE) -- June 1, 2006 -- Thursday, June 15, 2006, The Walt Disney Company President and CEO Robert Iger speaks to Town Hall Los Angeles at The Beverly Hills Hotel. Iger's appearance at Town Hall provides an opportunity for the public, including Los Angeles' influential entertainment executives, to ask him questions about the future of Disney and its impact on Los Angeles' economy.

Iger takes the helm of Disney in the wake of shareholder litigation, board unrest, and internal dissension that began during Michael Eisner's term as CEO. Ending a period of uncertainty about the Disney-Pixar collaboration, on May 5, 2006, Iger announced the successful acquisition of Pixar: "The addition of Pixar significantly enhances Disney animation, which is a critical creative engine for driving growth across our businesses." At $7.4 billion, the acquisition of Pixar is the most expensive all-stock transaction ever made. Disney-Pixar's summer release "Cars" opens the weekend preceding Iger's Town Hall address.

In its most recent fiscal year, Disney reported annual revenue of nearly $32 billion, and a market capitalization of approximately $54 billion as of May 4, 2006. In 2005, Disney employed 129,000 people.

On October 1, 2005, Robert Iger became the sixth CEO of The Walt Disney Company. Iger previously served as President and Chief Operating Officer of the company, a position he held since June 2000, during which time he became a member of Disney's board of directors. He began his career at ABC in 1974, and has held several senior management positions at the company, including President and Chief Operating Officer of Capital Cities/ABC, where he helped guide the merger of ABC with The Walt Disney Company.

Town Hall Los Angeles has been dedicated to promoting civic participation and awareness since 1937. As a nonpartisan and nonprofit forum, we work to encourage a public discussion of issues of regional, national, and international significance. Speakers and audiences interact in a true town hall format, promoting a vigorous exchange of ideas and helping participants Be Informed.

All members of the media are invited to cover this event.
** Please credit Town Hall Los Angeles in your coverage.

WHEN:       Thursday, June 15, 2006
            8:00 AM Breakfast
            8:30 - 9:30 AM Keynote Address and Q & A


WHERE:      The Beverly Hills Hotel
            9641 Sunset Boulevard
            Beverly Hills, CA  90210

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