Appearing at the 41st Annual UBS Global Media and Communications Conference, Disney CFO Jay Rasulo talked about Disney’s plans for the future…
When asked about his appetite for acquisitions, he said:
“we don’t have anything on the scale of Marvel or Lucasfilm right now. I don’t feel there is anything we need, but you will continue to see us do acquisitions in the future.”
Discussing key growth drivers for Disney, he said he expected growth contributions from all units in the coming years. After the recent box office successes of Marvel, Lucasfilm’s Star Wars VII, set for a 2015 release, will be a key driver of Disney’s studio performance, Rasulo said. He also said there will be much more in terms of Star Wars consumer products on offer around that release. Overall, he said investors should expect Lucasfilm to follow the successful Marvel path now that it is part of Disney as the company would look to push its content across various Disney and other platforms just like in the case of the Marvel acquisition.
Rasulo also said Tuesday that the firm’s upcoming Shanghai Disneyland theme park could become the company’s second-largest behind Disneyworld. And he signaled that after its planned 2015 launch, the firm could invest in it further. The park is within three hours of 300 million-plus people.
More Star Wars rides are likely to come to the firm’s parks over time, he added as part of a broader theme parks discussion.