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

[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?

 

[Disstevefan1]

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

RIP Hollywood I guess then.
OR
Could Hollywood and friends of Hollywood that are in the government kill YouTube, TikTok and Netflix???

 

[Sirwalterraleigh]

Are you calling epic awful? That’s….a take

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'.

I thought it was incredibly well constructed…but horribly conceived and designed

Now that it’s been like 6 months…my immediate reaction changed.

It can’t handle people and is egregious on how you have to do it. Just to summarize: you basically have to pay a $300 a person line skip to have a good time…even if it doesn’t rain

That’s a $1500 for 4 park day. It would make Disney blush.

That’s just not a reasonable amusement park market…and relative to inflation it will probably get worse.

 

[FiestaFunKid]

Called what?

Iger putting up underlings as “successors”?

Really climbed out on the limbs there

Not quite - when he was a commercial director at WDW, not reporting to Iger of course, Pete was impressed with Josh in some contact they had and went on and on about how he carried himself and that he would be CEO someday (which actually was a pretty bold call given how few people get to be CEO and how things have to fall to still even be in DIsney leadership 10 years later). He said more of the same after Josh got promoted to run DL.

And it was unusual b/c Pete spent most of his time hating on parks leadership and wanting to toss them out