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

[Lilofan]

If they wanted to shake things up, make Joe Rhode, Tony Baxter, this will set people off hell John Lasseter (yes the hugging bandit), with someone like Frank Wells or Roy O Disney. Proof is in the pudding that seems to be when Disney gets it more right than wrong. To me at least. Maybe then we will see creative growth again. I like some IP attractions but the original stuff just hits for longer to me. Maybe I am a Moron.

Lassiter the hugging bandit was also a walking drunk on the job in social events when he had to be escorted by an assistant to avoid further mishaps.

 

[CoastalElite64]

YouTube, TikTok and Netflix are putting Hollywood out of business.

TikTok will be DOA in America sooner than later

Other countries are starting to ban these apps for children

Lots of change is happening. Things wont stay how they are forever

 

[Disstevefan1]

YouTube, TikTok and Netflix are putting Hollywood out of business.

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.

 

[aladdin2007]

A bit dramatic, IMO.

I'm happy with the Josh pick with the Dana balance, considering the internal pool. Not sure if this has been called out in the 18 pages of drama, but the difference between Josh's decisions as head of DPEP versus Josh as CEO is the same as making decisions you make when you try to appeal to your manager - especially when a promo is in sight - versus when you actually get the promo. While his comments re: AI make me a bit queasy, Vaughn's comments about Josh being a champion of WDI give me some hope and without him having to appeal to Iger's IP mandate we may see some originality in the future.

Just my two cents on the matter.

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.

 

[Agent H]

Do we know how many decades D,Amaro intends to stay?

Not currently no.

 

[Meeko77]

Matt Ouimet on D'Amaro:

Josh D’Amaro is Disney’s new CEO.

He is a good guy and a very talented businessman.

As the years pass he will be judged by both Main Street and Wall Street.

Residents of Main Street seek to be entertained by compelling and creative content delivered through all the forms and channels Disney controls.

Residents of Wall Street want to see profits grow, driving the stock value higher.

It is reminiscent of Rumplestiltskin. Josh and his colleagues are tasked with spinning content straw into gold.

As an edited line from a Disney Cruise line show goes: “It has all happened before and it may happen again, but this time it will happen to Josh and his friends.”

There have been periods of dramatic growth for Disney before, but this time is different. The scale of the company is greater, competitors are stronger and the impact of technology is unprecedented.

I had drafted something more complicated but this says it in a lot less words:

I believe in Josh but not in the stock.

At the current scale of the company with the challenges noted, expecting significant growth to drive the stock price higher is a fairy tale.

I am certain that Josh will prove to an outstanding leader of the company. His impact may not ever receive the highest of accolades on Wall Street but I am quite certain that with his focus on creativity and quality content he will be happily welcomed on Main Street.

Why is growth the ultimate measure of success? Isn’t enough to keep a great brand, great.

With Josh in charge I am looking forward to watching more great movies, visiting the parks more and cancelling my Wall Street Journal subscription.

Disney is in good hands.

I think the world of Matt Ouimet; years ago I had the pleasure of meeting him when he was with DCL. Thanks for sharing this!

 

[Meeko77]

The interview he just gave on abc news with Iger was not exactly great, he didn't exactly put his own spin or direction on anything, not that it was that much of an in depth interview,,,but I would have liked to have heard something about his personal vision like "what I would like to do moving ahead" and instead it was just a copy off what Iger was saying. He was very nervous.

I agree; I could tell he was quite nervous as well. I know I would have been! I'm sure he will improve with TV interviews with time.

 

[denyuntilcaught]

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.

 

[HoustonHorn]

It's amazing how bad mainstream journalism gets when it comes to theme parks. It's like they just don't bother doing any fact checking at all when it comes to the industry. Even from mainstream publications.

Here's a dirty secret - it's not just theme parks that "journalists" are ignorant of. We just catch it because we are obsessed with them. But "journalism" these days is shoddy on every subject, in no small part because the race to be first prevents the race to be right, and they are all chasing those clicks. And nobody cares about the corrections or punishes the misinformation. There is a legal publication that covers lots of topics and cases, and the amount of half-truths and just plain wrong information that they publish is astounding. Add in the use of AI, and you really need to look critically at everything you read these days.

 

[monothingie]

Has anyone checked in on Alan Bergman this morning?

Maybe on his way home one night he'll be passing through Los Gatos...

 

[flynnibus]

How is merch and IP licensing allocated? All of that wouldn't exist without the movies.

5% of company revenue, but 19% of income. Meanwhile parks were 67% of company income.

 

[flynnibus]

View attachment 906478

When was media a 'growth' company in the first place?

 

[Kamikaze]

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'.

 

[TrainsOfDisney]

I think some believe his hands were tied due to Bog Iger's leadership, but now that he is in charge, things will be different.

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

 

[Jrb1979]

TikTok will be DOA in America sooner than later

Other countries are starting to ban these apps for children

Lots of change is happening. Things wont stay how they are forever

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.

 

[MisterPenguin]

It’s still Iger can’t seem to give up his influence by saying in the ABC interview the other night he will stay on as advisor until end of fiscal year. Life is too short. Play golf , or do whatever except be concerned about work. Who’s pulling the strings , Josh or Bob ??

Staying on for a year to advise is a good idea. Iger has institutional memory.

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

 

[BagOfGroceries]

D’reaction to D’appointment of D’Amaro is mostly one of cautious optimism. All of my CM friends have nothing but positive stories about him, but it remains to see how that will translate to his job as CEO.

 

[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'.