Disney CEO unveils entertainment giant's new 3-pillar growth plan
Fox Business • • business
Key Points:
- New Disney CEO Josh D'Amaro outlined a growth strategy focusing on investing in intellectual property, expanding global consumer engagement, and leveraging advanced technologies like AI to enhance storytelling and monetization.
- Disney plans to use AI across content creation, monetization, workforce productivity, guest experiences, and operations, while maintaining human creativity and respecting intellectual property.
- The company reported double-digit revenue growth in its subscription video-on-demand segment for the first time, driven by price adjustments and international expansion, targeting at least 10% growth for the full year.
- Disney continues to improve its streaming platform with initiatives like the Verts feature on Disney+ to boost user engagement and is exploring monetization opportunities for ESPN's direct-to-consumer offerings.
- Despite plans to invest in AI, Disney has paused its investment in OpenAI following the shutdown of its Sora platform but remains open to future collaborations with AI firms.
