Disney veteran Josh D'Amaro will take over as CEO in March as investors look for the stock to gain momentum.It's official: The Walt Disney Company (DIS 0.22%) veteran Josh D'Amaro will succeed Bob Iger as CEO on March 18 of this year. The first time Iger left the company in 2020, he handed the reins to a handpicked choice in Bob Chapek. The Chapek era proved tumultuous for the company, and the board ultimately fired Chapek. His tenure lasted less than three years, and Iger came back to right the wayward shi ...

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Core Viewpoint - The transition of leadership at Disney, with Josh D'Amaro taking charge, highlights the increasing importance of the parks division, which has become the main profit driver for the company, contributing approximately 60% of profits compared to 30-35% a few years ago [4][21]. Group 1: Leadership Transition - Josh D'Amaro's appointment as CEO is seen as a strategic move to emphasize the parks business, which is critical for Disney's future profitability [5][21]. - Bob Iger's decision to step down earlier than expected signals a desire for a clean transition, allowing D'Amaro to establish his own strategy without lingering influence [7][25]. - Dana Walden's new role as Chief Creative Officer is significant, as she brings valuable connections to Hollywood, although her lack of parks experience is noted [8][22]. Group 2: Business Performance and Strategy - The parks division is expected to drive growth, with a $60 billion capital expenditure investment planned, and new cruise capacity anticipated to contribute 40% of growth by fiscal 2026 [12][13]. - Despite recent volatility in attendance and macroeconomic challenges, the long-term outlook for Disney remains positive due to its diversified portfolio and ongoing international expansions, such as the opening of the World of Frozen in Disneyland Paris [16][17]. - The company is navigating the transition from traditional pay television to streaming, with a focus on improving profitability in the streaming segment, which is crucial for future growth [31][33]. Group 3: Market Position and Valuation - Disney's stock performance has been stagnant over the past decade, primarily due to the decline of traditional media, but the company is now positioned for potential revaluation as it shifts focus to growth-oriented segments [29][34]. - The parks and experiences segment is viewed as a stable profit generator, while the entertainment side is seen as shrinking, necessitating a strong performance in experiences for overall success [21][22]. - The company is expected to face short-term headwinds, such as dips in domestic tourism, but the long-term growth potential remains robust [34].

Several senators, both Republicans and Democrats, expressed concern at the Judiciary Committee hearing about the market power of a Netflix-Warner tie-up. ...

Hello and welcome to Market Domination. I'm Josh Lipton live from our New York headquarters. Just now to go now until the closing bell on stocks, they are falling as investors digest the flood of earnings and there's a big rotation out of tech.But first, we're diving into the latest in Disney's long awaited succession plan. Disney making it official. Company naming Josh Dearo, its next CEO taking over for Bob Iger later this year.Tomorrow oversees the parks and cruises business which has been a key profit d ...

>> BLOOMBERG TECH IS LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. >> THIS IS BLOOMBERG TECH. PALANTIR SHARES RISING AFTER THE COMPANY EXCEEDED WALL STREET EXPECTATIONS WITH ITS REVENUE FORECAST. >> AND DISNEY PARKS CHIEF WILL SUCCEED BOB IGER AS CEO. OUR CONVERSATION WITH THE DISNEY CHAIRMAN ABOUT THE NEWS LATER THIS HOUR. >> ELON MUSK IS COMBINING SPACEX AND XAI VALUING THE ENTITY AT $5.2% TRILLION. >> WE ARE BACK TO THE NORMAL STATE OF PLAY. STOCKS, BOND AND DOLL ...

Core Insights - Disney's first-quarter earnings for 2026 exceeded expectations, with revenue of $25.98 billion and adjusted earnings per share (EPS) of $1.63, surpassing analyst estimates [1][1][1] - The company's Experiences unit, which includes theme parks, reported over $10 billion in quarterly revenue for the first time [1][1][1] - Despite strong first-quarter performance, Disney's second-quarter forecasts indicate modest operating income growth for theme parks due to a decline in international tourist visits to the U.S. [1][1][1] Financial Performance - Disney's first-quarter revenue was $25.98 billion, above the expected $25.74 billion [1][1] - Adjusted EPS was $1.63, exceeding Wall Street's estimate of $1.57 by 6 cents [1][1] - The Experiences unit's revenue surpassed $10 billion for the first time, contributing significantly to overall earnings [1][1] Box Office and Streaming Success - Disney's box office hits, Zootopia 2 and Avatar: Fire and Ash, each grossed over $1 billion globally [1][1] - ESPN, Disney's sports channel, captured more than 30% of all sports viewership across networks, indicating strong performance in streaming services [1][1] Challenges Ahead - The forecast for the second quarter suggests modest growth in theme park operating income, attributed to reduced international tourist visits [1][1] - CEO Bob Iger noted that international visitors typically stay in Disney hotels less frequently, prompting a shift in marketing efforts towards a domestic audience [1][1] - Factors contributing to the decline in foreign tourism include immigration policies and tariffs under the previous administration [1][1]

Disney's new CEO is sending a wink with his wardrobe, whether he means to or not. Josh D'Amaro, who takes the helm of the Mouse House next month, has drawn attention for dressing much like his soon-to-be predecessor, Bob Iger. Both men regularly don sweaters over collared shirts and have a penchant for jackets paired with white dress shirts. At a celebration for Disney's 70th Anniversary last year, both sported button-downs and dark slacks. Josh D'Amaro, second from left, and Bob Iger, holding the top of ...

For the past several years, Josh D’Amaro has been running the engine of Disney’s business. But it’s not a movie studio or a slate of streaming channels. It’s the company’s lucrative and iconic theme parks.Now, the longtime Disney executive is set to take the top job.The Walt Disney Company announced Tuesday that D’Amaro will become CEO on March 18, succeeding Bob Iger after a carefully choreographed succession process. His promotion comes at a moment when streaming, film and sports media remain in flux, and ...

A day after announcing poorly received financial results, Walt Disney (NYSE: DIS) is introducing its next CEO. The media giant announced on Tuesday morning that Josh D'Amaro will replace Bob Iger as its chief executive. Currently serving as the chair of Disney Experiences, D'Amaro will officially take the helm at the company's shareholder meeting next month. It's the right choice for Disney. D'Amaro has been the front-runner since Iger announced he would step down by the time his current contract extensi ...