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Land of the Giants

The Disney Dilemma

Land of the Giants

Vox Media Podcast Network

Technology, Society & Culture, Business

4.62.3K Ratings

🗓️ 26 June 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

Over the past 100 years, the Walt Disney Company has grown from a small animation studio to become one of the largest companies in the world, with an enviable history of creative and financial success. But as it's grown and acquired companies like Marvel, Pixar, and Lucasfilm, can its winning streak continue? What has Disney lost in the process of getting so big, and can it sustain its high quality and brand loyalty at this enormous scale? From Vulture and the Vox Media Podcast Network. Episodes drop every Wednesday beginning July 10th. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

What is the essence of Disney?

0:07.0

Disney is make-believe, wishing, hoping, dreaming, fireworks shows.

0:11.0

I would have to say it's once upon a time. Once upon a time

0:16.0

means we're going to tell you something that is so fantastic and wonderful. You're going to need your imagination to believe it.

0:26.0

Once upon a time, Disney was a motion picture studio in a sea of Hollywood studios doing

0:31.9

something nobody else was doing.

0:34.0

Disney's business is memory making.

0:38.0

Disney's business is tradition.

0:40.0

Following Walt Disney's vision, the company made beloved family-friendly animated films

0:45.0

and built magical theme parks where those movies came alive.

0:48.0

You know, Disneyland was the first virtual reality.

0:51.0

But here's the thing about kingdoms.

0:53.0

They don't last forever.

0:55.0

When I first joined Disney, I took over a CFO.

0:59.0

And it was a broken company, and I'd never really seen a broken company before.

1:05.0

To survive, Disney had to grow to expand into new labs like television.

1:10.0

It was a great time and I think it provided a lot of rocket fuel for some of the acquisitions that happened

1:17.2

Pixar Marvel Star Wars 20th century Fox

1:22.2

Over the past 20 years Disney CEO Bob Eager acquired them all and

1:26.9

that family-friendly movie studio became a nearly 200 billion dollar company a

1:31.6

behemoth of franchises and intellectual property and interlocking lines of business.

1:37.0

But now Disney's facing a whole new level of competition.

...

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