"The best thing D'Amaro can do in the current period of media mergers is put Disney on the market and hope that the Ellisons will buy it as part of their rush to control the entire sector. Iger, who was supposed to be a magician, ran Disney during some of its best days. From 2005 to 2029, he went on an M&A tear. He added Pixar, Marvel, LucasFilm, and part of 21st Century Fox. He also started Disney+ in November 2019."
"Over the past five years, Disney stock has collapsed 35% as the S&P 500 has risen 79%. Over the last year, Disney's stock is flat while the market is up 15%. While D'Amaro cannot fix Disney, he was the only person who posted results that made him a reasonable candidate. As Bloomberg reported, "D'Amaro, 54, has led the unit that delivers most of Disney's profits since 2020." Although the rising price of theme park admission has caused investor anxiety, short of a recession, the growth is unlikely to be curtailed."
Josh D'Amaro is being positioned to replace Bob Iger as Disney's CEO. The recommendation is to put Disney on the market and pursue a sale to the Ellisons amid consolidation in media. Iger expanded Disney through major acquisitions and launched Disney+ in 2019, but streaming growth imposed heavy costs and left Disney behind platform leaders. Disney stock has lagged the market, and recent revenue growth has been modest. Theme parks, led by D'Amaro, delivered strong operating income and account for a majority of current segment profits. D'Amaro faces challenges in fixing the film business and broader company issues.
Read at 24/7 Wall St.
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