Summit: Tech challenges yield better companies

Disney's Kevin Mayer talks M&A discipline, strategy in keynote sesh

Kevin Mayer, executive VP of corporate strategy and business development at Disney, observed that the entertainment industry was caught by surprise by the many ways technology has changed the game in showbiz, but the recovery process has made congloms like Disney better companies.

“I think it’s a very healthy thing,” he told moderator Michael Kassan, CEO of Medialink, on Monday at Variety’s Entertainment and Technology Summit at the Ritz-Carlton Hotel in Marina del Rey.

Mayer touted the strategic discipline Disney brings to acquisitions from Marvel to Playdom. He cited the divestiture of Miramax as a tough challenge given the egos involved. “That was a difficult one,” he said. “It was a long, hard road.”

He noted that there’s value in allowing the companies absorbed to maintain their own identity or operations. “We don’t like to bring them in and just acculturate them entirely,” he said.

Mayer lamented the loss of Steve Jobs, who served on Disney’s board.

“He kept us on our toes, very sharp guy,” said Mayer. “He wanted us to think big.”

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety