media
Disney CEO Josh D'Amaro tells CNBC parks were 'big surprise' in last quarter, company has 'clarity' and 'stability'
New CEO Josh D'Amaro has said his strategy for continued growth at Disney is centered around storytelling, intellectual property and technology.
TL;DR
- Disney CEO Josh D'Amaro feels confident about the company's direction after nearly six months in the role.
- The parks division exceeded expectations last quarter, showing strength despite macroeconomic uncertainty.
- D'Amaro's strategy focuses on telling great stories, embracing technology more aggressively, and uniting the company as 'One Disney'.
- Disney+ is seeing growing international scale, with plans for a free, ad-supported tier to attract new viewers.
- The company is exploring a unified consumer experience that meshes streaming viewership with product purchasing.
- D'Amaro is not interested in spinning off ESPN and believes its sports rights are a significant asset.
- Disney has faced cost-cutting measures, including layoffs, amidst industry shifts.
- The company is pushing back against political pressure and scrutiny regarding its broadcast licenses and DEI efforts.