New Disney Boss Is Tested by Trump and His Administration
The New York Times • • business
Key Points:
- Since Josh D’Amaro became Disney’s CEO six weeks ago, the company has faced multiple setbacks including the cancellation of a $1 billion deal with OpenAI after it discontinued its text-to-video tool, Sora.
- A key partnership with a major video game maker has been jeopardized due to the company's recent struggles, impacting Disney’s growth plans.
- Disney-owned ABC’s show “The Bachelorette” was embroiled in a scandal involving its star, damaging the network’s reputation.
- D’Amaro announced layoffs as part of broader marketing cutbacks within the company.
- Most critically, D’Amaro now faces a significant political crisis involving President Trump, which could heavily influence his leadership at Disney.
