Bob Iger revived Disney
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Walt Disney Co. missed expectations on net profit but came in slightly ahead on adjusted earnings per share and revenue.
We came across a bearish thesis on The Walt Disney Company on Accrued Interest’s Substack by Simeon McMillan. In this article, we will summarize the bears’ thesis on DIS. The Walt Disney Company’s share was trading at $109.
Disney's future has been revealed, and it's happening faster than we thought.
Disney Chairman James Gorman led the succession process, which began with a list of more than 100 candidates and ended with the selection of parks chief Josh D'Amaro, who will replace Bob Iger as CEO.
For Disney's fiscal first quarter, experiences represented 38% of the company's total revenue, yet generated a whopping 71% of its operating income.
Josh D'Amaro, former Disney Experiences Chairman, has been named the new CEO of the Walt Disney Company starting in March.
New Disney CEO Josh D’Amaro promised AI will not replace human creativity at the Walt Disney Company, but noted that the technology has been embraced by its employees.