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Disney CEO Josh D'Amaro tous parks 'surprise' in last quarter, 'clarity' and 'stability'
CNBC • • business
Key Points:
- Disney CEO Josh D'Amaro expressed confidence in the company's trajectory during his first six months, highlighting a strong performance in the parks division and clarity within the organization.
- Since taking over in March, D'Amaro has focused on sustaining growth in Disney's core areas, particularly theme parks and streaming, despite mixed investor reactions and stock performance.
- Disney's recent quarterly results showed strength in parks and streaming, with plans to invest further in destinations rather than immediately raising park prices amid economic uncertainties.
- D'Amaro emphasized investment in intellectual property and technology to drive growth, mentioning potential expansion of Disney+ through a free, ad-supported streaming tier to attract new viewers.
- The CEO has overseen significant cost-cutting measures, including layoffs across various divisions, while navigating political scrutiny directed at Disney's ABC network.
