The first reaction is, get defensive. Second reaction is, what are we going to do about it?

Fifteen years ago, nobody thought that content would ever work as a business. It was impossible to raise any money, initial investments were $10,000, seldom $100,000. It is only over the last two or three years that we have started to see very large amounts of capital coming into the digital industry. That has created a lot more competition.

I think the water cooler is more important than ever. "Oh, did you hear that 'Inside Amy Schumer' is fabulous?" Where do you find it? It's on Netflix, it's on iTunes, it's on places nobody ever heard of five years ago.

The first reaction is, get defensive. Second reaction is, what are we going to do about it?

[T]here's a difference between confident leadership and empty-headed delusion or cheerleading. And this is a difference that many CEOs miss.

Some things go slow, slow, slow, and then - wham! - they're over.

When television came in, everybody thought that was the end of the movie business, which was not and is not.