Are there challenges? Absolutely. But in aggregate, this is a very strong and valuable company.

It's vital for a company such as ours to be incredibly vigilant in terms of the consumer, ... Consumers today, using great technological tools, have many more choices in terms of how they spend their time, what they consume in terms of media and they do so in many different places on many different devices.

We really believe that Walt Disney is a very able company with great depth and a great set of franchises.

We like the size of the company today given the environment and have no plans to split it up and make it smaller,

We fully expect this is a giant step in the direction of growing the company and all its Disney brands and businesses in this very populous region,

The heart and soul of the company is creativity and innovation.