Brazil Buena Vista International Business Overview Orlando October 2006

Table of content FY06 performance FY07 overview FY07 Drivers Q1 Main titles P&L (The Guardian, déjà vu & Saw 3). Meet the Robinsons P&L. Pirates: at world ends: P&L and term analysis. Ratatouille: P&L and dating analysis. Competitive schedule Other Issues FY07 Key opportunities Key Issues Local product update

FY06 Performance $48.0 $49.1 $42.8 $13.3 $16.0 $7.8 vs Budget vs FY05 (BRL millions) vs Budget vs FY05 $48.0 +2% $49.1 $42.8 +15% $13.3 - 41% $16.0 - 51% $7.8

FY06 Drivers (based on revenue)

FY06 Drivers (based on net cont)

Net Contribution Breakdown (In 000’s BRL) PIRATES 2 NARNIA CARS DIDI SCARY MOVIE 4 CHICKEN LITTLE FLIGHTPLAN TOTAL ALL OTHERS TOTAL NET CONT 3.763 2.306 2.286 1.275 1.266 1.258 763 12.921 (5.084) 7.837

Net Loss Breakdown (In 000’s BRL) (656) EIGHT BELOW (514) GOAL (493) MUITO GELO * THE WILD SHAGGY DOG A MAQUINA CINDERELLA MAN ANO QUE MEUS PAIS SAIRAM DE FÉRIAS * BAMBI 2 CASANOVA BASIC INSTINCT 2 FICA COMIGO ESTA NOITE * ALL OTHERS TOTAL NET CONT - LOSS *(Only costs – release in FY07) (656) (514) (493) (479) (433) (378) (279) (263) (230) (226) (213) (190) (727) (5.084)

FISCAL YEAR 2007 Business overview

FY07 figures $45.4 $49.1 $37.5 $13.7 $11.2 $7.8 vs FY06 vs Budget - 8% (BRL millions) vs FY06 vs Budget $45.4 $49.1 - 8% +21% $37.5 $13.7 In FY06 Licensees have surpassed budget by 4% and remain almost flat with previous year. Next year we will incorporate Chile into the licensee structure. FY07 Budget (including Chile) is $2.2M, although our goal is to achieve $3M in royalties, surpassing budget by 38%. Best Case drivers Chile: has changed its business model, turning into a licensee. Considering the last months sales, we can expect them to surpass budget ($0.6) and get to $0.8M in royalties reported. Central America: the incorporation of the Caribbean islands (Barbados, Jamaica, Trinidad & Tobago, etc.) to the distribution. Videomark associated with a local company. Is important to remark that no original product is currently available in those islands. Venezuela: Colombia: “El Circulo” has started with us 9 months ago, with growing positive trend that is shown in their monthly statements. $11.2 +22% $7.8 +76%

FY07 Drivers (based on revenue)

FY07 Drivers (based on net cont)

The Guardian 100 2,370 1,805 358 630 988 359 Local estimate Budget 2,370 1,805 358 630 988 359 Local estimate Budget Release date 17-Nov-2006 # of prints Revenue (000’s US$) 2,425 802 686 Ad/Pub (000’s US$) Net Contribution (000’s US$)

Deja Vu 150 2,793 3,626 1,313 1,100 118 985 Local estimate Budget 2,793 3,626 1,313 1,100 118 985 Local estimate Budget Release date 01-Dec-2006 # of prints Revenue (000’s US$) 1,506 600 241 Ad/Pub (000’s US$) Net Contribution (000’s US$)

Saw 3 Local estimate Budget Release date 02-Apr-2005 04-Nov-2005 Admissions (000’s) 498 1,067 832 # of prints 130 157 200 Revenue (000’s R$) 1,500 3,440 3,080 900 1,110 Ad/Pub (000’s R$) N/A N/A Net Contribution (000’s R$) N/A N/A

Meet the Robinsons 4,605 1,688 908 Local estimate Budget 06-Apr-2007 Release date 06-Apr-2007 # of prints Revenue (000’s US$) 4,891 1,704 941 Ad/Pub (000’s US$) Net Contribution (000’s US$)

Pirates of the Caribbean: at world ends 9,373 1,765 4,670 Local estimate Budget Release date 25-May-2007 # of prints Revenue (000’s US$) 8,852 3,352 1,353 11,125 3,390 3,502 Ad/Pub (000’s US$) Net Contribution (000’s US$)

Terms Analysis Out of the box ideas, to increase settlement rate on POC 3.

Ratatouille 11,115 2,683 5,773 Local estimate Budget Release date 06-Jul-2007 # of prints Revenue (000’s R$) 12,580 2,164 7,440 8,920 3,258 2,203 Ad/Pub (000’s R$) Net Contribution (000’s R$)

Ratatouille dating Analysis Ratatouille dating relative to Shrek 3 and Harry Potter 5

Competitive Schedule

FY07 Key Opportunities

FY07 Key Issues

Local product update