SHANGHAI and BURBANK, Calif., May 19 /Xinhua-PRNewswire/ -- The Walt Disney Company (NYSE: DIS) announced today that it will contribute US$1 million (approximately RMB 7 million) in humanitarian aid to the victims of the earthquake in China. The donation will be put towards acquiring materials for immediate relief efforts, helping and supporting displaced and distressed children and rebuilding damaged schools.
“On behalf of The Walt Disney Company, I extend our deepest condolences to the people in China and to all of those affected by this recent unfortunate event,” said Robert A. Iger, president and CEO, The Walt Disney Company. “We hope that our donation will aid emergency management teams and organizations in their valiant efforts to provide assistance to those impacted today, and also help families rebuild and reestablish their communities.”
“It is the wish of every member of our staff to provide assistance to those affected by the earthquake and their families. We hope that the company's contribution along with our staff's personal contributions will make a difference during these times of need," said Stanley Cheung, Executive Vice President and Managing Director, The Walt Disney Company, Greater China.
In addition, Hong Kong Disneyland Cast Members, as well as Disney’s China, Hong Kong and Taiwan-based employees, have made individual monetary contributions.
About The Walt Disney Company in China
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with four business segments: consumer products, media networks, parks and resorts and studio entertainment. Disney is a Dow 30 company, had annual revenues of $35 billion in its most recent fiscal year, and a market capitalization of nearly $66 billion as of May 19, 2008.
The Walt Disney Company entered China in 1930s and has offices in Beijing, Shanghai and Guangzhou and employs more than 350 cast members. Today, The Walt Disney Company is one of the most active and largest foreign entertainment companies in China with diversified business in consumer products, publishing, mobile content, television and family entertainment programs.
