LOS ANGELES, June 1 /PRNewswire/ -- On 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.