Disney CFO doesn’t see need for ‘major M&A’

Speaking at the Wells Fargo’s Annual TMT Summit, Disney (DIS) CFO Hugh Johnston said in response to a question about Disney’s view of strategic mergers and acquisitions: “Part of my job and our job is to look at everything. So of course we’re going to look at everything. But that said we’re very, very happy with where the portfolio is right now. You know, a lot of the things that that people are talking about doing with other media companies. Bob Iger and the team did it. Disney, a number of years ago, whether it was Pixar or Lucasfilm’s or the Fox acquisition. So we don’t think we need to add additional IP into our portfolio. And more broadly, we really don’t see the need for for major M&A. We’re really very happy with the portfolio as it exists right now. So I guess we’ll we’ll sort of watch what happens with everyone else. But we feel good about where we are.”