I think networks are in trouble if they continue to do business the same way. If networks are willing, and this one is, to do business differently, then I don't think we're in trouble at all.

It's a good time to be in the content business though, the branded content business.

Netflix, Amazon, iTunes - whatever platforms emerge - we are looking at as having the same potential that home video had for the movie business. Which means there are entirely new opportunities to monetize our capital investment in content and do so in ways that work for distributors, for consumers and for creators.

An all-out trade war with China would be damaging to Disney's business and to business in general. It's something I think we have to be very careful about.

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

People don't like to follow pessimists.