Exhibit 99.1

DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

REPORT ON FINANCIAL STATEMENTS

DECEMBER 31, 2012 AND 2011

DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

INDEX TO FINANCIAL STATEMENTS

DECEMBER 31, 2012 AND 2011

		Page
Report of Independent Registered Public Accounting Firm		1
Financial Statements:
	Statements of Net Assets Available for Benefits as of December 31, 2012 and 2011	2
	Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2012	3
	Notes to Financial Statements	4
Additional Information (included pursuant to Department of Labor’s Rules and Regulations):*
	Schedule H, line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2012	12
	Schedule H, line 4d – Schedule of Nonexempt Transactions for the year ended December 31, 2012	13

*Other schedules required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 (“ERISA”) have been omitted because they are either not applicable or have been filed directly with the Department of Labor as part of the Master Trust filing.

Report of Independent Registered Public Accounting Firm

Tothe Participants and Administrator of the

Disney Hourly Savings and Investment Plan

In our opinion, the accompanying statements of net assets available for benefits and the related statements of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the Disney Hourly Savings and Investment Plan (the “Plan”) at December 31, 2012 and 2011, and the changes in net assets available for benefits for the year ended December 31, 2012 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of Assets (Held at End of Year) as of December 31, 2012 and Nonexempt Transactions for the year ended December 31, 2012 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the Plan's management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.

PRICEWATERHOUSECOOPERS LLP

Los Angeles, California

June 24, 2013

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

(In thousands)
	December 31,
	2012		2011
Assets
Investments in Master Trust at fair value:
Disney Stock ESOP Fund	$	40,673	$	28,772
Disney Stock Non ESOP Fund	258		198
Fidelity Institutional Money Market Fund	16,351		14,408
Fidelity Capital Appreciation K Fund	11,510		8,953
Fidelity Diversified International K Fund	9,821		7,648
Fidelity Freedom Income K Fund	928		759
Fidelity Freedom 2000 K Fund	385		317
Fidelity Freedom 2005 K Fund	426		353
Fidelity Freedom 2010 K Fund	2,665		2,314
Fidelity Freedom 2015 K Fund	6,803		5,323
Fidelity Freedom 2020 K Fund	7,912		5,512
Fidelity Freedom 2025 K Fund	8,076		5,650
Fidelity Freedom 2030 K Fund	6,611		4,468
Fidelity Freedom 2035 K Fund	5,619		3,739
Fidelity Freedom 2040 K Fund	4,929		3,199
Fidelity Freedom 2045 K Fund	3,264		1,767
Fidelity Freedom 2050 K Fund	4,280		2,185
Fidelity Freedom 2055 K Fund	583		-
PIMCO Total Return Fund	16,604		13,459
Baron Growth Fund	8,612		6,712
Sequoia Fund	16,730		12,811
Calamos Growth Fund	10,103		8,791
Federated US Treasury Cash Reserves	855		626
Vanguard Institutional Index Plus Shares Fund	9,325		7,541
Vanguard Small-Cap Index Fund	2,543		1,935
Vanguard Mid-Cap Index Plus Shares Fund	6,885		5,913
Vanguard Total Stock Market Index Fund	744		391
Vanguard Total Bond Market Index Fund	821		605
Royce Low Priced Stock Fund	3,881		3,576
Spartan International Index Fund	435		255
Total investments	208,632		158,180
Receivables:
Employer contributions	310		340
Interest and dividend income	—		461
Notes receivable from participants	10,920		9,302
Total receivables	11,230		10,103
Net assets available for benefits	$	219,862	$	168,283

The accompanying notes are an integral part of these financial statements.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

(In thousands)

	For the Year Ended
	December 31, 2012
Plan's interest in Master Trust's investment income:
Dividends	$	6,058
Net appreciation in fair value of investments (Note 3)	21,483
	27,541
Interest income on notes receivable from participants	406
Contributions:
Participant	24,954
Employer	8,816
	33,770
Deductions from net assets attributed to:
Benefits paid to participants	10,035
Administrative expenses (Note 5)	103
	10,138
Net increase	51,579
Net assets available for benefits:
Beginning of year	168,283
End of year	$	219,862

The accompanying notes are an integral part of these financial statements.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS

1. Description of the Plan

General

The Walt Disney Company (the “Company”) adopted the Disney Hourly Savings and Investment Plan (the “Plan”) effective June 1, 2000. The Plan is a defined contribution plan intended to provide participating employees the opportunity to accumulate retirement funds through a tax-deferred contribution arrangement pursuant to Section 401(k) of the Internal Revenue Code of 1986 (the “Code”). In addition to the Code, the Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). This Plan is also an Employee Stock Ownership Plan (“ESOP”) which is intended to comply with Section 4975(e)(7) of the Code. The ESOP provides employees the opportunity to participate in the performance, both positive and negative, of Company common stock. The following description of the Plan provides only general information. Participants should refer to the Plan document for a complete description of the Plan’s provisions.

Administration of the Plan

The Investment and Administrative Committee of The Walt Disney Company Sponsored Qualified Benefit Plans and Key Employee Deferred Compensation and Retirement Plan (the “Committee” or “Plan Administrator”) administers the Plan, interprets its provisions and resolves all issues arising in the administration of the Plan.

The assets of the Plan are administered under a trust agreement between the Company and Fidelity Management Trust Company (“Fidelity” or the “Trustee”). Pursuant to the trust agreement, Fidelity executes the day-to-day activities of trust administration.

Administrative expenses of the Plan may be paid from the assets of the Plan unless the Company, at its discretion, pays such expenses. Investment expenses incurred by the investment funds are charged to the respective funds.

Participation

Participation in the Plan is available to eligible domestic hourly employees of the Company and its subsidiaries who are not covered by a collective bargaining agreement, or who are covered by a collective bargaining agreement that provides for their participation in the Plan. Eligible employees age 18 or older may enroll and begin making contributions 90 days after their hire date.

The Plan accepts direct cash rollovers from other qualified plans or individual retirement accounts regardless of whether the employee has met the eligibility service requirement.

Contributions

Participants are permitted to make pre-tax contributions or after-tax Roth contributions or a combination of both in whole percentages, up to 50 percent of their base compensation, through weekly payroll deductions. A participant’s total pre-tax contributions, after-tax Roth 401(k) contributions and the Company’s matching contributions, in any Plan year, cannot exceed the limits provided under Section 402(g) and Section 415 of the Code.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS

(continued)

1. Description of the Plan (continued)

Contributions (continued)

Once the participant reaches one year of service the Company will begin making matching contributions in the amount of the lesser of three percent of eligible compensation or 75 percent of employee contributions, but only for participants not covered by a collective bargaining agreement or covered by a collective bargaining agreement that specifically provides for such increased Company match amount. For participants covered by collective bargaining agreements that do not specify the increased Company match amount, the matching contribution is the lesser of two percent of eligible compensation or 50 percent of employee contributions. The Company may change the level of matching contributions or cease making matching contributions.

Income earned on participant pre-tax contributions and Company contributions to the Plan is not taxable for federal or state income tax purposes until withdrawn from the Plan. Income earned on Roth 401(k) contributions is not taxable if distributed in a qualified distribution. A Roth 401(k) withdrawal is considered a qualified distribution if five taxable years have passed since a participant’s first contribution and the withdrawal is attributable to the participant’s attainment of age 59 ½, disability or death.

Vesting

Participants are fully vested immediately in all contributions, including the Company’s matching contributions, and all earnings thereon.

Investments

Participants may direct the investment of their individual contributions and any Company matching contributions in any one or more of the investment funds established under the Plan. Participants may elect to change the investment of their contributions or to transfer all or part of their account balances among the various investment funds in increments of one percent.

Benefits, Distributions and Withdrawals

A participant’s entire account balance, adjusted for investment gains or losses, is available for immediate distribution upon termination of employment. Distributions are made in cash or participants can elect to receive any part of their Disney Stock Fund accounts in the form of Company common stock plus cash for any fractional shares. Participants’ account balances under $1,000 are automatically distributed within 60 days following the participant’s termination date (or on a future date at which the fair market value of the account balance should fall below $1,000), less 20 percent for federal tax withholding, unless the participant elects to rollover the distribution into an IRA or another qualified plan. Participants with account balances of $1,000 or more may elect a distribution at any time following termination of employment, except all amounts are to be distributed in accordance with the minimum required distribution provisions of the Code.

In-service withdrawals, up to 100 percent of the participant’s account, are available after reaching age 59 ½. Hardship withdrawals are limited to the amounts necessary to satisfy a financial hardship and will be made if the Committee, or its delegate, determines that the reason for the hardship complies with applicable requirements under the Code and the Plan.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS

(continued)

1. Description of the Plan (continued)

Voting Rights for the Disney Stock Funds

Each participant has the right to direct the Trustee concerning shareholder rights, such as voting rights or tender offers. An appointed independent fiduciary will vote the shares if a participant does not give specific voting instructions to the Trustee. If an independent fiduciary is not appointed in a particular year or does not give the Trustee timely direction, the Trustee will vote those shares in the same proportion it has received instructions from other participants. If the Trustee does not receive specific tender offer instructions, the Trustee will not tender those shares.

Notes Receivable from Participants

Participants are permitted to borrow from their accounts subject to certain limitations and conditions established to comply with the current requirements of the Code. All notes made by participants are secured by their accounts with a right of offset. Participants may borrow up to 50 percent of their vested account balance not to exceed $50,000 in any consecutive twelve-month period. The minimum amount of each note is $1,000, and a participant may only have one note outstanding.

Notes may have a term of up to five years. However, the term can be extended to thirty years if the note is used to acquire or construct a principal residence of the participant. The interest rate on notes is determined at the time the note was issued based on the prime rate plus one percent. Note payments, including interest, are credited to the participant’s account.

Plan Amendment or Termination

The Company reserves the right to amend or modify the provisions of the Plan. Although the Company expects to continue the Plan indefinitely, the Board of Directors of the Company may terminate the Plan for any reason. If the Plan is terminated, each participant will receive, as prescribed by ERISA and its related regulations and in the form and manner determined by the Committee, a payment equal to the value of the participant’s account balance at the time of liquidation.

2. Summary of Significant Accounting Policies

Basis of Accounting

The financial statements of the Plan are prepared using the accrual basis of accounting.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Actual results could differ from those estimates.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS

(continued)

2. Summary of Significant Accounting Policies (continued)

Risks and Uncertainties

The Plan provides for various investment options in mutual funds and other securities. Investment securities are exposed to various risks, such as interest rate, market and credit risks, which can include increases in defaults and credit rating downgrades. Due to the level of risk associated with certain investment securities, it is at least reasonably possible those changes in risks in the near term could materially affect participants’ account balances, the amounts reported in the Statements of Net Assets Available for Benefits and in the Statement of Changes in Net Assets Available for Benefits.

Investment Valuation and Income Recognition

The Plan’s investments are all held in the Disney Savings Plan Master Trust (the “Master Trust”). Shares in registered investment companies are valued at the net asset value of shares held by the Plan at year end. The Disney Stock ESOP Fund is valued at the year end quoted market price of Company common stock. The Disney Stock Non ESOP Fund was added to be used for employee and employer contributions that are directed to be invested in Company common stock and is also a share accounted fund with real time trading and valued at the year end quoted market price of Company common stock. The balances in the Disney Stock Non ESOP Fund will be automatically transferred to the Disney Stock ESOP Fund annually. Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date.

Net Appreciation/Depreciation in Fair Value of Investments

The Plan’s share of the Master Trust’s net appreciation or depreciation in the fair value of investments recorded in the Statement of Changes in Net Assets Available for Benefits consists of realized gains (losses) on sales and unrealized appreciation (depreciation) on investments.

Notes Receivable from Participants

Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. There are no allowances for credit losses as delinquent participant notes are reclassified as distributions based upon the terms of the Plan document.

Payment of Benefits

Benefits are recorded when paid.

Subsequent Events

The Plan Administrator has evaluated subsequent events through June 24, 2013, the date the financial statements were available to be issued, and made any necessary adjustments and disclosures, as applicable.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS

(continued)

3. Investments

The following are the Plan’s share of investments within the Master Trust that represent 5% or more of the Plan’s total investments at December 31 (in thousands):

	2012		2011
Disney Stock ESOP Fund	$	40,673	$	28,772
Fidelity Institutional Money Market Fund	16,351		14,408
Fidelity Capital Appreciation K Fund	11,510		8,953
PIMCO Total Return Fund	16,604		13,459
Sequoia Fund	16,730		12,811
Calamos Growth Fund	n/a		8,791

During 2012, the Plan’s share of investments within the Master Trust appreciated in value as follows (in thousands):

Disney Stock Funds	$	9,707
International/Global Equities	1,423
Domestic Equities – Small Cap	522
Domestic Equities – Mid Cap	1,017
Domestic Equities – Large Cap	5,000
Life Cycle/Target Date Funds	3,376
Bond Funds	438
	$	21,483

4. Income Taxes

The Company has received a favorable determination letter from the Internal Revenue Service (“IRS”) dated February 10, 2006, stating that the Plan qualifies under the appropriate sections of the Code and is therefore exempt from income taxes under Section 501(a) of the Code. The Plan has subsequently been amended and the Company filed for a new determination letter on January 27, 2011 in accordance with the staggered remedial amendment period provisions of Revenue Procedure 2007-44. The Plan Administrator and the Plan’s legal counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Code.

U.S. GAAP requires the Plan Administrator to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has concluded that as of December 31, 2012, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by the IRS; however, there are currently no audits for any tax periods in progress. The Plan Administrator believes it is no longer subject to income tax examination for years prior to 2009.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS

(continued)

5. Party-in-Interest Transactions

Under ERISA rules related to 401(k) plans, transactions with related parties of the plan such as a sponsor, administrator, trustee or participant (Parties-in-Interest) are considered either exempt or non-exempt from ERISA prohibited transaction provisions. Non-exempt transactions are subject to penalty taxes.

During the year ended December 31, 2012, the Plan had the following exempt party-in-interest transactions:

• Certain Plan investments are shares of registered investment companies managed by Fidelity, who is the Trustee of the Plan.

• Fees paid by the Plan to the Trustee amounted to $103,119 for the year ended December 31, 2012.

• The Company absorbed certain administrative expenses on behalf of the Plan totaling $75,208.

• Participants borrowed $5,774,613 of loans and made repayments of $4,172,326.

• The Plan also allows participants to invest in Company common stock through the Disney Stock ESOP Fund and the Disney Stock Non ESOP Fund investment funds.

During the year ended December 31, 2011, the Plan had non-exempt party-in-interest transactions which arose when two participants erroneously obtained a second note receivable although the Plan only allows one note per participant. One of these notes also exceeded the 50% vested account balance maximum. The Plan has corrected these violations in 2012 by reporting the second note as deemed distributions under Code §72(p), and has implemented a new control to prevent recurrence in the future. These transactions totaled $3,774 and are reported in the attached Schedule of Nonexempt Transactions.

6. Investment in Disney Savings Plan Master Trust

The Plan’s investments are held in the Master Trust, which also includes the assets of the Disney Savings and Investment Plan and the Disney Retirement Savings Plan, which are other defined contribution plans sponsored by the Company. Assets of the Master Trust are allocated to the participating plans according to the investment elections of participants within each plan. The Plan’s interest in the net assets of the Master Trust was approximately 5% at December 31, 2012 and 2011. Investment income of the Master Trust for the year ended December 31, 2012 was allocated based upon each Plan’s interest within each of the investment funds held by the Master Trust. For the year ended December 31, 2012, the Master Trust’s purchases and sales of Company common stock were $139,480,851 and $167,226,548, respectively.

Investments held by the Master Trust are as follows (in thousands):

	December 31,
	2012		2011
Investments, at fair value:
Disney Stock Funds	$	955,316	$	741,358
International/Global Equities	223,360		185,181
Domestic Equities – Small Cap	228,813		204,092
Domestic Equities – Mid Cap	277,389		253,969
Domestic Equities – Large Cap	1,023,006		855,974
Life Cycle/Target Date Funds	493,820		371,734
Bond Funds	469,286		393,079
Money Market Funds	303,829		297,985
Total	$	3,974,819	$	3,303,372

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS

(continued)

6. Investment in Disney Savings Plan Master Trust (continued)

The changes in net assets for the Master Trust are as follows (in thousands):

	For the Year Ended
	December 31, 2012
Changes in Net Assets:
Dividends	$	108,050
Net appreciation in fair value of investments	488,727
Net investment income	596,777
Net Transfers	74,670
Increase in net assets	671,447
Net assets:
Fair value of investments at beginning of year	3,303,372
Fair value of investments at end of year	$	3,974,819

The net appreciation in the fair value of the investments held by the Master Trust is as follows (in thousands):

	For the Year Ended
	December 31, 2012
Net appreciation:
Disney Stock Funds	$	240,626
International/Global Equities	32,108
Domestic Equities – Small Cap	9,068
Domestic Equities – Mid Cap	19,122
Domestic Equities – Large Cap	140,625
Life Cycle/Target Date Funds	34,773
Bond Funds	12,405
Total	$	488,727

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

NOTES TO FINANCIAL STATEMENTS

(continued)

7. Fair Value Measurements

Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities measured at fair value are classified in the following three categories:

• Level 1 – Quoted prices for identical instruments in active markets

• Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets

• Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable

The Plan’s assets are Level 1 assets.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

EIN: 95-4545390, Plan: 026

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2012

(a)	(b)	Identity of Issue,	(c)	Description of Investment, Including	(e)	Current
		Borrower, Lessor		Maturity Date, Rate of Interest,		Value
		or Similar Party		Collateral, Par or Maturity Value
*		Disney Savings
		Plan Master Trust		Master Trust Investment Account		$	208,632,093
*		Notes receivable		Notes mature between January 2013 and August 2042
		from participants		with interest rates that range from 4.25% to 9.25%.		$	10,919,585

* A party-in-interest for which a statutory exemption exists.

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DISNEY HOURLY SAVINGS AND INVESTMENT PLAN

EIN: 95-4545390, Plan: 026

SCHEDULE H; LINE 4d - SCHEDULE OF NONEXEMPT TRANSACTIONS

And SCHEDULE G, PART III – SCHEDULE OF NONEXEMPT TRANSACTIONS

FOR THE YEAR ENDED DECEMBER 31, 2012

	(b)					(g)
	Relationship					Expenses			(j)
(a)	to plan,					incurred in	(h)		Net gain
Identity	employer, or	(c)	(d)	(e)	(f)	connection	Cost	(i)	or (loss)
of party	other party-	Description of	Purchase	Selling	Lease	with	of	Current	on each
involved	in-interest	transactions	Price	Price	Rental	transaction	Asset	Value	transaction
The Walt Disney Company	Plan Sponsor	In 2011, two participants erroneously obtained a second plan loan contrary to plan provisions, and one of these loans also exceeded the 50% vested account balance maximum. *See below.	N/A	N/A	N/A	N/A	N/A	$3,774	N/A

*The participants were able to obtain the second loan because plan records indicated that their first loan had been fully repaid. However, the first loan ultimately remained unpaid because the participants’ loan repayments were returned for insufficient funds. The Plan has corrected these loan failures in 2012 by reporting them as deemed distributions under Code §72(p). An administrative control has been implemented extending the period between loan payoffs and new loan initiations in order to insure that loans are repaid before issuing any new loans.

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