Now there's a relic from another age: the entertainment industry was still operating on the old model, Japan was a perceived threat to US businesses (!) and the Internet was not yet a "problem".
I can't imagine the 2017 version of this letter.
Considered in 2017 they now are a blockbuster powerhouse with Marvel, Lucasfilms, Pixar, and a rejuvenated Disney Animation under their banner.
It might sound flippant, but that's one of the best pieces of writing I've ever read. I have a lot of respect for the author.
That's such a fantastically well written letter and I think he was absolutely right in his diagnosis of the problems they faced and the solutions.