"The most obvious thing to say about D'Amaro's selection is that the parks business he oversees is Disney's most important business - a reliable profit and growth driver. But a counterpoint to that is worth thinking about, too. It means the company's streaming business - the one Iger made a huge bet on back in 2017 - isn't the key to the company's future."
"Because going forward, Disney will be more of an experiences company than it already has been, and less of a media-first company. Disney's always been an experiences business. They're investing $60 billion [over 10 years] in that segment. It grew 6% in 2025, finishing at just over $36 billion. In the first quarter of the new year, it saw $10 billion in revenue. These are the basic data points that explain why D'Amaro is there."
Disney appointed parks leader Josh D'Amaro as CEO to succeed Bob Iger, marking the second time the company chose a parks executive after Bob Chapek’s failed tenure. The parks unit is now Disney’s most important business, delivering reliable profits and growth and receiving a $60 billion investment over ten years. Parks revenue grew 6% in 2025 to just over $36 billion, and produced $10 billion in the first quarter. The appointment signals a strategic emphasis on live experiences and parks over streaming, reflecting uncertainty about the long-term shape of entertainment and competition from platforms like YouTube, Instagram, and TikTok.
Read at Business Insider
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