"Bob Iger, who led the media giant for 15 years, stepped down in 2020 only to abruptly return in 2022 when his handpicked successor, Bob Chapek, was fired as the company came under pressure. D'Amaro has been chairman of the Disney's experiences since 2020, running its theme parks and cruise ships effectively the same job as Chapek before his ill-fated stint as CEO of the company."
"Disney is one of the biggest media and entertainment empires in the world, having acquired Pixar, Marvel, Lucasfilm and most of 21st Century Fox under Iger. Valued at $185bn, it also has a vast tourism business, built around its resorts and ships, and a sprawling digital media arm. While Disney+ reported a surge in profits from its streaming services Disney+, Hulu and ESPN earlier this week, it unnerved investors by warning of headwinds among international visitors to its US theme parks."
Disney named Josh D'Amaro as its next CEO, to take up the role in March. Bob Iger stepped down in 2020 and returned in 2022 after Bob Chapek, his earlier successor, was fired amid pressure. D'Amaro has chaired Disney's experiences since 2020, overseeing theme parks and cruise ships. Dana Walden will become president and chief creative officer. The company, valued at $185bn, owns Pixar, Marvel, Lucasfilm and most of 21st Century Fox and operates a large tourism and digital media business. Streaming services reported a surge in profits, but Disney warned of international visitor headwinds at US parks and faces entertainment division earnings pressures after heavy promotion spending.
Read at www.theguardian.com
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