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The Walt Disney Company, Cisco Systems and Intel Corporation Invest in MovieBeam, Inc.

Burbank, Calif., San Jose, Calif. and Santa Clara, Calif., February 14, 2006 – The Walt Disney Company (NYSE: DIS), Cisco Systems and Intel Corporation, through its leading investment arm Intel Capital, today announced they have invested in MovieBeam, Inc., a newly formed digital entertainment venture. The series A financing round, worth a total of $48.5 million, includes additional investment from tier-one venture capital firms the Mayfield Fund, Norwest Venture Partners and VantagePoint Venture Partners.

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