News Josh D’Amaro Named Next CEO of The Walt Disney Company

[Lilofan]

I definitely don’t think that was the case for sure - but Bob seemed to to be a control freak and clearly didn’t understand the parks.

So it’s possible that with Josh in complete control things may improve.

I know if I became ceo in about a month I would tell them to put a River back in!!! Haha

Bob is a control freak. He said in the ABC interview with Josh that he would stay as an adviser until end of fiscal year so Josh is not in control.

 

[HauntedPirate]

I like how $5B profit a quarter is a profit wasteland.

Sports and streaming generated $5 billion in profit in a quarter?

 

[flynnibus]

It is. Starfall is fine, but its just an outdoor coaster. Only other attraction worth anything is Monsters Unchained. And thats saying a lot for me because I don't enjoy 'horror'.

 

[FiestaFunKid]

Pete Werner called this around 2016 - just saying.

 

[monothingie]

Sports and streaming generated $5 billion in profit in a quarter?

 

[SamusAranX]

It is. Starfall is fine, but its just an outdoor coaster. Only other attraction worth anything is Monsters Unchained. And thats saying a lot for me because I don't enjoy 'horror'.

Strongly disagree, although I don’t think it’s amazing either. Hopefully as it grows and more investment is made it will reach the upper echelon. Needs more trees, no more coasters, and better sight lines

 

[monothingie]

Pete Werner called this around 2016 - just saying.

That's apparently not the only thing he was doing around 2016....

 

[MisterPenguin]

Sports and streaming generated $5 billion in profit in a quarter?

My mistake, they made that much in revenue. Apologies.

 

[Vegas Disney Fan]

I think this could be viewed 2 ways: it shows the parks are doing amazing or it shows just how badly the other divisions are doing. A few years ago Marvel was making bank, Pixar was making bank, LucasFilm was making bank, ESPN was making bank… I’d argue the parks are doing what they’ve always done, which is being a steady source of reliable profit, while everything is stumbling.

In many ways it validates promoting Josh due to the parks success but also makes promoting Dana, despite entertainments struggles, a bit questionable.

I can see the free streaming services starting to take over. If I'm going to have Ads for streaming I'm not going to pay for it.

I’ve thought this for a while, if Disney followed the YouTube model and made D+ free (ad based) I think it would get unbelievable amounts of views, and a staggering amount of ad revenue, makes me wonder just how much revenue a free D+ could generate.

 

[MisterPenguin]

Here's the profit per segment per this past quarter....

Entertainment bore the cost of Fubo purchase.

And $450M of Entertainment is the DTC profit per quarter.

 

[DisneyHead123]

I tend to agree, what bothered me in the interview was Josh's lack of confidence,,,oh I'll just call Bob...that does not bode well for the new CEO to be his own man. Bob be gone already, you shoulnd't have to call him as a support line. Josh has been groomed for this for how long now, and yet it was like he was Bambi caught in the headlights. Im not against him at all but I just expected more of "his" vision plans, we got nothing. In that particular interview anyway.

I agree with you, but I also think it was first-day jitters frankly. He's human. A highly-paid and incredibly compensated human, but a human nevertheless.

FWIW, It's been reported several times that in order to get the CEO gig he had to present his own vision of the company moving forward and that, in part, is what landed him here.

Out of curiosity I pulled up a couple videos of Josh speaking in other places. He’s generally a much more commanding speaker. So, I dunno - maybe he was nervous because he’s the new CEO, maybe he was nervous because he thinks Iger can push a red button and have him yeeted out of there at any second (kidding… I think…), maybe for whatever reason they actually wanted to present the image of him as wide-eyed and Iger as sage. In the end I guess it doesn’t matter too much. He seems like a good guy, he’ll find his footing.

 

[CoastalElite64]

I think this could be viewed 2 ways: it shows the parks are doing amazing or it shows just how badly the other divisions are doing. A few years ago Marvel was making bank, Pixar was making bank, LucasFilm was making bank, ESPN was making bank… I’d argue the parks are doing what they’ve always done, which is being a steady source of reliable profit, while everything is stumbling.

In many ways it validates promoting Josh due to the parks success but also makes promoting Dana, despite entertainments struggles, a bit questionable.


I’ve thought this for a while, if Disney followed the YouTube model and made D+ free (ad based) I think it would get unbelievable amounts of views, and a staggering amount of ad revenue, makes me wonder just how much revenue a free D+ could generate.

YouTube is starting to face scrutiny internationally. I can't see the status quo staying long term....

 

[Jrb1979]

I like how $5B profit a quarter is a profit wasteland.

Its not $5B in profit. It actually only profitted $191 million. That's not good.

 

[Jrb1979]

YouTube is starting to face scrutiny internationally. I can't see the status quo staying long term....

D+ will be the top one when all is said on done. . Personally the streaming bubble is going to pop sooner rather than later. Its going to end up the way of cable. Its getting close to the same cost as cable.

 

[HauntedPirate]

Its not $5B in profit. It actually only profitted $191 million. That's not good.

Propping up mismanaged leagues ain’t cheap.

 

[Sirwalterraleigh]

Pete Werner called this around 2016 - just saying.

Called what?

Iger putting up underlings as “successors”?

Really climbed out on the limbs there

 

[monothingie]

YouTube is starting to face scrutiny internationally. I can't see the status quo staying long term....

User generated content, whether it's on Youtube, X, TickTock, etc. scares the living crap out of establishment content providers.

The fact that streamers in basements can generate more viewers than hundred million dollar productions is the reason why they're attacking it.

 

[Sirwalterraleigh]

Its getting close to the same cost as cable.

Exactly

And cable had technology limitations to hold its monopoly

Streaming does not

 

[Sirwalterraleigh]

In my opinion, Hollywood is putting Hollywood out of business.
Hollywood should:
Financially support the theaters.
Make GREAT moves again.
Really work to keep costs down; production, post production, marketing.
Protect their product! A movie should go into theaters and NO WHERE ELSE for a period of time, than go to PHYSICAL MEDIA, then after a period of time, go to VOD, then after a period of time go to a streaming service for a limited time.

Can’t put it back in the tube at this point

The market doesn’t want to be shunted back into theaters for high fees

 

[Sirwalterraleigh]

Staying on foot a year was a Board decision. Bob said yes to it.

do you find remembering to breathe difficult?