As Disney’s new CEO, Josh D’Amaro is getting ready for an exciting journey
At the annual shareholders’ meeting on Wednesday, Josh D’Amaro formally took over as Disney’s CEO, leading the entertainment behemoth during a period of significant transition.
D’Amaro rose to the top thanks to his leadership of the company’s profitable theme park division. Which generated 57% of the $17.5 billion in revenue from the previous year.
Investors are anxiously awaiting D’Amaro’s plan for leading Disney into the artificial intelligence era, where tech companies pose a threat to the media economy. Handling possible disruptions to the company’s travel business brought on by the Middle East conflict and skyrocketing oil prices.
D’Amaro detailed his priorities for Disney in a letter to staff on Wednesday. Storytelling and artistic brilliance «will be the foundation of every decision we make,» he added. In order to empower storytellers, improve their skills, and produce more individualized Disney experiences, the corporation will embrace technology. «One Disney» will be the name under which the entertainment behemoth operates.
D’Amaro takes over a fragmented entertainment world where Disney must contend with YouTube and TikTok for viewers’ time and attention, as well as a deteriorating television industry and a box office slump for key entertainment franchises like Marvel and Star Wars.
