US stocks mostly fell as investors digested a wave of tech-focused earnings, precious metals jumped to continue their wild ride, and a partial government shutdown rolled into its fourth day. The tech-heavy Nasdaq Composite (^IXIC) sank by 0.8% after initially beginning the session in the green, while the S&P 500 (^GSPC) lost 0.4% after also starting the day up. Moving the other direction, the Dow Jones Industrial Average (^DJI) managed to avoid losses and pick up 0.1% after the blue-chip benchmark led gai ...

Core Viewpoint - Outgoing CEO Bob Iger's tenure at Disney has ended with disappointing quarterly results, leading to a 7% drop in stock price, reflecting investor dissatisfaction and a significant decline compared to the S&P 500's performance [1] Financial Performance - Disney's recent quarterly revenue increased by 5% to $26 billion, but total segment operating income fell by 9% to $4.6 billion [1] - The entertainment segment's operating income decreased by 35% to $1.1 billion, while the sports segment's figure dropped by 23% to $191 million [1] - The experiences segment, led by Josh D'Amaro, reported revenue of $10 billion, up 6%, and operating income of $3.3 billion, also up 6%, contributing 38% of Disney's revenue and 72% of segment operating income [1] Leadership Transition - Josh D'Amaro, head of Disney's theme park operations, is set to replace Iger as CEO [1] - Iger's leadership has been criticized for failing to improve Disney's financial situation, with the stock down 42% over the past five years compared to a 79% increase in the S&P 500 [1] Market Context - Disney's stock performance has been poor, with a nearly 8% decline over the past year, contrasting sharply with the S&P 500's more than 15% increase [1] - The company is suggested to consider selling during the current M&A frenzy in the entertainment sector as a potential strategy for recovery [1]

来源：环球市场播报 迪士尼周二宣布，旗下乐园及邮轮业务负责人Josh D'Amaro将于3月接任Bob Iger，出任公司下一任首席 执行官，彼时公司正持续应对影视、体育及流媒体业务板块的各项变革。 D'Amaro将于3月18日公司年度股东大会上正式接替Iger执掌帅印，并在会议结束后加入迪士尼董事会。 2022年11月重返迪士尼重任首席执行官的Iger，将于年底卸任公司董事职务。 D'Amaro自2020年起执掌迪士尼乐园及邮轮业务（隶属于公司体验板块），他于1998年加入迪士尼。 迪士尼体验板块最新财季录得100亿美元创纪录营收，在公司当季260亿美元总营收中占比近40%；公司 第一财季营业利润总额为46亿美元，其中33亿美元来自体验板块。 ...

Group 1: Leadership Change - Josh D'Amaro has been elected as the next CEO of The Walt Disney Company, effective at the upcoming Annual Meeting on March 18, succeeding Robert A. Iger [1][3] - D'Amaro has been with Disney for 28 years and has significantly expanded the company's Experiences segment, which generated $36 billion in revenue in fiscal year 2025 [3] Group 2: Company Overview - Disney operates in three global business segments: entertainment, sports, and experiences, leveraging its ownership of iconic franchises and characters [4] - The company includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services, engaging in movie and television production and distribution [4] Group 3: Earnings and Analyst Sentiment - The next earnings report is anticipated on May 6, with analysts projecting an EPS estimate of $1.57, up from $1.45 year-over-year, and a revenue estimate of $25.76 billion, up from $23.62 billion year-over-year [5][6] - The stock carries a Buy Rating with an average price target of $131.48, indicating fair valuation with a P/E of 15.4x [6] - Recent analyst actions include Jefferies lowering its target to $132.00, Needham maintaining its target at $125.00, and Citigroup lowering its target to $140.00 [6] Group 4: Stock Performance - Walt Disney shares were up 1.23% at $105.73 during premarket trading [7]

Walt Disney tapped theme-parks chief Josh D'Amaro as CEO on Tuesday, succeeding long-time head Bob Iger as the entertainment giant navigates the shift from linear television to streaming in an era of ... ...

Core Viewpoint - Josh D'Amaro has been appointed as the new CEO of The Walt Disney Company, succeeding Bob Iger, marking the end of a significant succession process within the company [1][2]. Group 1: Leadership Changes - The Disney board has unanimously voted to elevate Josh D'Amaro, currently the chairman of Disney Experiences, to CEO effective March 18, 2026 [2]. - Dana Walden, co-chair of Disney Entertainment, will assume a newly created role as president and chief creative officer, reporting directly to D'Amaro [3]. - Bob Iger will remain on Disney's board and serve as a senior adviser until his retirement on December 31, 2026 [3].

Core Viewpoint - The Walt Disney Co. has appointed Josh D'Amaro as the new CEO, succeeding Bob Iger, marking a significant leadership transition in one of the world's leading entertainment companies [1][2]. Group 1: Leadership Transition - Josh D'Amaro, previously chairman of Disney's theme parks and experiences division, has been promoted to CEO, a role he takes over after Iger's return in 2022 [1][2]. - D'Amaro's leadership in the parks and experiences division has been pivotal, as this segment generates over 70% of Disney's operating income while accounting for less than 40% of total revenue [3]. Group 2: Strategic Importance - D'Amaro's elevation highlights the increasing strategic importance of physical experiences, such as theme parks and cruises, to Disney's future, alongside its digital media initiatives [4]. - The transition aims to prevent the issues faced during the previous CEO change, where Bob Chapek struggled in his brief tenure [4]. Group 3: Market Reaction - Initial reactions from investors have been positive, with many preferring D'Amaro for the CEO position due to his steady operational approach and success in parks [5]. - Industry observers believe D'Amaro's low public profile may influence his negotiation style with talent and partners in the evolving media landscape [5]. Group 4: Future Considerations - Attention will focus on how D'Amaro will structure his leadership team and who will take over his previous role in parks and experiences [6]. - Analysts will be looking for indications regarding Disney's streaming strategy, the future of ESPN, and potential adjustments to recent price increases in parks and services [6].

In this articleDISJosh D'Amaro, chairman of Disney Experiences, speaks during the grand opening ceremony of Shanghai Disney Resort's Zootopia-themed land on December 19, 2023 in Shanghai, China.Vcg | Visual China Group | Getty ImagesThe Walt Disney Company has a new CEO — Josh D'Amaro.The chairman of Disney's experiences division, which includes the company's theme parks, cruise line, resorts and consumer products, was named to succeed long-time CEO Bob Iger. He will be the eighth CEO in Disney's more than ...

Disney (DIS) announced Tuesday that Josh D'Amaro, the head of its parks and cruise business, will succeed Bob Iger as its next CEO in March as the company continues to navigate changes across its film, sports, and streaming units. D'Amaro will take over the top role from Iger at the company's annual meeting on March 18. D'Amaro will also join the company's board following that meeting. Iger, who rejoined Disney as CEO in November 2022, will leave the company's board at the end of the year. D'Amaro has l ...

Core Viewpoint - Disney has appointed Josh D'Amaro as its new CEO, succeeding Bob Iger, marking a significant moment in the company's leadership transition [1][2]. Group 1: Leadership Transition - The announcement of D'Amaro as CEO concludes a closely watched succession race, being the second successor chosen by Iger in six years [2]. - Iger expressed confidence in D'Amaro's leadership abilities, highlighting his understanding of the Disney brand and operational excellence [3]. - The Disney board, led by James Gorman, has been evaluating candidates for the CEO position, with D'Amaro and Dana Walden being the final contenders [4]. Group 2: Business Performance - Disney's recent quarterly earnings exceeded expectations, driven by strong performance in theme parks and streaming, although the stock price fell by 7% [5]. - The experiences unit, which includes theme parks, reported over $10 billion in quarterly revenue for the first time, indicating significant growth potential [6]. - CFO Hugh Johnston noted that enhancing park operations, achieving profitability in streaming, and improving theatrical business are crucial for the new CEO [6]. Group 3: Future Plans - Disney is planning to develop a new theme park and resort in Abu Dhabi, alongside a commitment to invest $60 billion in its theme parks over the next decade [7]. - The company aims to address the challenges posed by the decline of traditional TV while focusing on high-profile content and profitability in the streaming sector [7]. - The new CEO will be responsible for guiding Disney into its next phase amidst these evolving industry dynamics [8].