Ben Gilbert: evaluation

Transcript context

…And interestingly, Iger actually said in kind of the “press” at the time of the Marvel deal. He said, “Marvel’s brand and its treasure trove of content will now benefit from our extraordinary reach. We pay the price that reflects the value they’ve created and the value we can create as one company. It’s a full price, but a fair price.” Absolutely, you know, we talked about this in the Pixar episode and especially in the Lucasfilm episode. But Disney’s core competency and what they have that the other media companies don’t have is that flywheel that Walt Disney drew back in the early days of the company, which is the ability to take great IP franchises like Star Wars, like Pixar, like Marvel and pump them through the flywheel and realize much more value out of it than they could on their own. That’s right. And old-school Disney was creating it but new-school Disney has pretty efficiently figured out how to bring in content they don’t create into that flywheel too. I think the fourth piece of the stool that we haven’t talked about yet because it wasn’t an acquisition, is the tremendous growth of the ESPN business inside of Disney. And I think the four of those businesses together really account for a lot of the growth and the dramatic change in share price between then and today. Yeah. And it’s interesting too. I hadn’t thought about ESPN in this context but you’re bringing it up and in the context of the flywheel–…

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