Business, Politics & Society
Lesson time 6:39 min
Bob shares the strategy behind folding Marvel into the Disney brand, and he discusses how to capitalize on well-loved brands to maximize growth.
Topics include: Growing the Disney Family of Brands • Capitalizing on a Strong Fan Base • Changing the Way Marvel Operates
- What's this doing here? - That's it. Bring that to me. - You know what this is? - It's exactly what I need to make this work. [MUSIC PLAYING] - Because the Disney brand is so valuable and so important to the health and well-being of the company, both present, past, and future, when we acquire another company, we do spend time thinking about whether the company that we're acquiring-- and, in particular, the brand that we're acquiring-- is going to be an enhancement to the image of Disney and its brand, or whether it's going to detract from it. You can very quickly damage a brand by acquiring a company whose brand reputation is substantially lower than the brand reputation of Disney or, in some form or another, could actually do damage to the brand by being associated with it. So we are extremely careful when it comes to acquisitions on the impact of them on brands. [MUSIC PLAYING] When the idea of first purchasing Marvel was raised, there were people that believed that Disney could not own Marvel because the brand attributes of Marvel storytelling-- namely, that they were a little bit more violent, perhaps-- would potentially damage the Disney brand. And actually, there was quite some time that the company didn't consider buying Marvel because of that. When it came time to reconsider the acquisition of Marvel, which we did in 2009, we carefully studied the potential brand damage that we could incur in buying Marvel. And I felt, in examining the Marvel brand more carefully, than in actuality, the Marvel storytelling shared many of the storytelling values of Disney. And where it strayed, it strayed in a way in a way that was exciting to Marvel fans and I didn't think, necessarily, damaging to Disney. And so we talked about it a fair amount and ultimately concluded that as long as we managed them separately, and Marvel was Marvel, and Disney was Disney, and it's not Disney's Marvel, that we would be all right. Another thing we considered is whether, in buying Marvel, we should sanitize it a bit, which would essentially mean that we would tame it down somewhat. And I decided that if we did that, then we'd destroy Marvel brand value, and it wouldn't be worth what we paid for it. - He's mine. - There are elements of Marvel storytelling that were, in fact, too edgy, but not so edgy that they would be deemed wholly offensive to people who also love Disney so much. And obviously, in becoming part of Disney, we were careful that we didn't apply Marvel's brand attributes to Disney and we didn't apply Disney's brand attributes to Marvel. And so it's a fine line that you walk when you buy a brand whose brand attributes aren't exactly what your brand attributes are, but there is a way to manage brands separately, respecting both and adhering to each brand's attributes, still under one company's brand, and that's what we've done with Marvel. And that's what we did with Star Wars. And, in many respects, that's...
In an era of disruption, former Disney CEO Bob Iger led one of the world’s most beloved brands to unprecedented success with the acquisitions of Pixar, Marvel, and Lucasfilm. Now, through case studies and lessons from 45 years in media, Bob teaches you how to evolve your business and career. Learn strategies for expanding a brand, leading with integrity, and making big moves—from risk management to the art of negotiation.
As an owner of a broadcast company. Bob Iger's leadership insight is valuable and I will put to work the notes I took to grow my business.
This class helped me refocus on some main objectives and how to go about completing them.
Excellent lessons on business success and some good life lessons too. Highly recommended.
Loved it. Took tons of notes. Excited for the next class!