Hi, everybody. Tune in to this short version of the podcast, which we do every Friday for the long version.

Tune in on Wednesdays.

Hi, everyone. I'm Nicola Tangan, the CEO of Norges Bank Investment Management.

And today we're diving into the magical world of Disney, a company where we are the lucky owner of more than 1%.

And I'm here with Bob Eiger, the visionary leader who transformed Disney

into a global entertainment powerhouse, leading bold acquisitions like Pixar, Marvel,

and 21st Century Fox. Bob, warm welcome. Thank you very much. Nice to be here.

No, I think no other company has made so many people laugh and cry over more than a hundred years.

So in your mind, what is it that makes Disney so special?

Well, I think, first of all, the fact that we've touched people's hearts for, as you cited, over 100 years, is meaningful because when you tell stories that have that kind of effect that our stories have

on people, they become memorable. They become part of the fabric of people's lives. And there are

also stories that are frequently shared with other people. So you have basically a number of people

enjoying our stories together.

And that also, I think, compounds the impact of our storytelling.

We've also, you know, managed to stick to our core values.

And I think that's really important.

You know what you're going to get when you see the name Disney on a product.

And I think that goes a long way to enabling us to be relevant for over a century.

Why do you think we're still so drawn to these imaginary worlds?

Well, as Walt Disney used to say, you know, people often like to either experience things or hear stories told that

enables them to essentially distance themselves from kind of their daily lives and the daily

responsibilities. There's an escapist quality. But I think in many other respects with Disney stories,

...