Eisner: Web's Future Lies In 'Professionally Produced Content'

Wednesday, 18 Apr 2007 | 3:01 PM ET

Michael Eisner joined CNBC’s Sue Herera on “Power Lunch” to talk about his new ventures. The former Walt Disney CEO turned investment mogul spoke about the changing media landscape and his predictions for the future.

Power Shift: Eisner Goes Private
Discussing the new companies being formed by Michael Eisner, CNBC program host & former Walt Disney chairman & CEO and CNBC's Sue Herera

“The Internet is going to be the place where mainstream professionally produced content, not just e-mails, will be streamed. We will be about to do things that I could never do while running Disney, Paramount or ABC,” said Eisner, who founded the privately-held Tornante investment company in 2005, and recently teamed with Madison Dearborn Partners to buy Topps for $385.4 million.

“Right now it’s about user generation and blogging, but it’s going to be about content.”

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  • Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."

  • Tyler Mathisen co-anchors CNBC's "Power Lunch." Mathisen also co-anchors "Nightly Business Report produced by CNBC."

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Kenny Polcari