Now that Eisner is stepping down he thinks he is sitting pretty:

In his parting words to a gathering of Hollywood executives on Tuesday, Walt Disney Co Chief Executive Michael Eisner told an industry facing major technological change: don’t panic.

“Don’t panic over the latest techno jargon like ... peer-to-peer, wi-max, 80211, bittorrent ... the only thing that gives purpose to all these remarkable delivery systems is the kind of creative content we all produce,” Eisner said

On the one hand, Eisner is correct that at the end of the day everyone wants Hollywood’s content. We here at BBB would recommend that anyone thinking of listening to his Douglas Adams-esque “don’t panic” to reconsider.

The music industry didn’t panic when napster came along. Look what happened to them. Hollywood hasn’t faced this yet simply because the bandwidth isn’t there. But one day it will be. What will you be doing then? Eisner doesn’t care because its not his problem anymore.