Core Insights - The new CEO of Disney is Josh D'Amaro, a 30-year veteran with extensive experience in the company's theme parks and experiences division [1][2] - D'Amaro has successfully led the experiences division, which is considered the most important segment of Disney, especially during the pandemic when revenues fell by 35% in 2020 [2] - Under his leadership, improvements were made to the parks, including technology upgrades and the expansion of Disney's cruise line, with plans to double the fleet by 2031 [3][4] Group 1: Leadership and Experience - D'Amaro has held various leadership roles, including president of Walt Disney World and Disneyland, and has been instrumental in the company's international development projects [1][3] - He announced a new theme park in Abu Dhabi, showcasing his commitment to expanding Disney's global footprint [4] Group 2: Challenges Ahead - D'Amaro lacks extensive experience in Disney's streaming and linear TV business, which faces significant challenges due to declining advertising revenue and cable cutting [5] - The competition for the CEO role included Dana Walden, who has a strong background in the TV and streaming domain, raising questions about D'Amaro's strategy in this area [5] Group 3: Legacy and Expectations - D'Amaro steps into the role following Bob Iger, who significantly expanded Disney's market cap and led major acquisitions, leaving behind a notable legacy [6][7] - Despite the challenges, D'Amaro is perceived to have the "magic Disney touch" and a solid track record, which may help him succeed in his new role [7]

The next CEO of Disney is Josh D'amaro. Fans of Disney's theme parks, cruises and resorts will know this 30 year veteran. He's held many leadership roles within the company, including president of Walt Disney World in Orlando, Florida, and Disneyland in Anaheim, California.And for the past six years, he's led the highly profitable experiences division, arguably the company's most important segment. He took over that role during the pandemic, when everything -- parks, resorts and cruises -- were all shut dow ...

Core Insights - Walt Disney appointed Josh D'Amaro, head of theme parks, as CEO, resolving years of succession uncertainty and placing a seasoned insider in charge as the company faces challenges from artificial intelligence and industry consolidation [1] Company Summary - The appointment of Josh D'Amaro is seen as a strategic move to leverage his extensive experience within the company [1] - D'Amaro's leadership is expected to guide Disney through the evolving landscape of the entertainment industry, particularly with the rise of artificial intelligence [1] Industry Summary - The entertainment industry is currently experiencing significant changes, including a wave of consolidation and the integration of artificial intelligence technologies [1] - Disney's decision to promote from within reflects a trend among companies to prioritize experienced leadership during times of transformation [1]

Disney said its streaming profit surged, while warning that fewer foreigners are visiting its U.S. theme parks, as investor attention turns to an expected announcement of its next CEO https://t.co/lILOOjeuwU ...

Theme parks and cruises have overtaken television as Disney’s biggest source of profits, and the company is counting on them to fuel its growth for the rest of this decade and beyond.Read more: https://t.co/lJhY1mMu13 https://t.co/vguLLenexz ...

Looks like even "The Most Magical Place on Earth" isn't enough to entice foreign travelers who are skipping the US. Disney is facing some "international visitation headwinds" at its parks in the US, which include Disney World in Florida and Disneyland in California, the Walt Disney Company said in its first-quarter earnings report on Monday.Despite the slowdown in international visitors, the company reported growth in its experiences segment, with visitation at its domestic parks up 1% in the most recent q ...

U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., Feb. 13, 2025.The world's largest economy has struck a deal with the most populous nation.U.S. President Donald Trump announced Monday that America will lower so-called reciprocal tariffs on India to 18% from 25%. As part of the deal, New Delhi will "BUY AMERICAN" at "a much higher level," and stop buying oil from Russia. Instead, India will im ...

In his current role, tomorrow oversees Disney's global theme parks, resorts, cruise line, consumer products, and Imagineering. He joined Disney in 1998, and he rose through the ranks with leadership roles at Disneyland, Walt Disney World, and across international parks. Tomorrow was named head of the parks business in 2020, taking on that role during the pandemic and helping lead the division through reopening and subsequent expansion.Now, under his leadership, Disney Experiences has emerged as the company' ...

Core Insights - Walt Disney, a major player in the theme park industry and a competitor in the streaming service market, has recently published its latest quarterly financial results [1] Company Summary - The company is recognized for its long-standing dominance in the theme park sector while also expanding its presence in the streaming service arena [1]

Core Insights - Disney's experiences division, which includes parks, cruise ships, hotels, and consumer products, achieved record revenue exceeding $10 billion for the first time in its history during the fiscal first quarter [2] - The operating income for this segment reached $3.3 billion, reflecting a 6% increase compared to the same period last year [2] - Experiences accounted for 38% of Disney's total revenue and generated 71% of its operating income for the period ending December 27 [3] Financial Performance - The growth in the experiences segment has accelerated post-Covid, significantly contributing to the company's profits [3] - Company executives project high-single-digit growth in operating income for the experiences segment for fiscal 2026 [3] Leadership and Succession - Bob Iger, CEO of Disney, highlighted the broad and diverse footprint of the business and the ongoing projects that will enhance this diversity [4] - There is an ongoing CEO succession process, with Josh D'Amaro, Chairman of Disney Experiences, expected to be appointed as Iger's successor, pending a vote by the Disney board [5]