Feb. 4 at 4:48 PM
$DIS CEO Iger chose another Parks guy to be new CEO. Recall last time that didn't work out very well. The new guy, D'Amaro, has no TV/movie/streaming experience
Iger approached
$NFLX Sarandos to inquire about how Netflix's dual-CEO structure operates but chose not to make Walden co-CEO - instead she has been given a new title of chief creative officer
This suggest that Disney sees itself increasingly as an experiences company, not a traditional entertainment studio.
Streaming is no longer the company’s defining future & simply a manageable operations business not a transformational one.
Internally, Disney accepts it cannot compete with YouTube, TikTok, Instagram for attention on TV screens. Parks are the core profit engine (segment grew +6% in FY25 & hit
$36B+ in reves)