David Rosenthal: belief

Transcript context

…That’s right. For even more perspective, it was just over half the price that they paid 3 years before for Pixar. So if you kind of look at this trend, they hadn’t yet acquired Lucasfilm but let’s simplify Disney to a content and distribution company, and they’re basically out buying content, you know, part 2 of their second big pickup that they made here. You know, they signaled that they were going to do this before. This was Iger’s strategy and it clearly had been working with Pixar. I mean, the Pixar, famously, Bob Iger’s first board meeting as CEO which was I think like his second day on the job, he proposed to the board that he wanted to buy Pixar, and this was clearly how he kind of set the tone for his tenure as CEO and it’s certainly hard to argue with his execution across the three of these companies. Right, right. And if you’re Disney and you’re looking around and it’s 2005, all the valuable content that you don’t own, some of it is in Universal and some of it’s like there’s little pieces and pockets elsewhere, but the three other big powerhouses are Lucasfilm, Pixar, and Marvel. Went in over, what, how many years – 2006 to 2012, so over six years rolled them all up.…

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