The Walt Disney Company appoints a new leader

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The Walt Disney Company announced on the 3rd that the company’s board of directors has voted to appoint Josh D’Amaro, head of Disney’s Experience Business, as the new CEO of the company.

According to Disney, 54-year-old D’Amaro has worked at Disney for 28 years. As the head of Disney’s largest business segment, D’Amaro “led the segment to new heights in financial performance, creative achievements, and guest satisfaction.” Disney’s Experience Business segment is projected to generate $36 billion in revenue in fiscal year 2025 and employs 185,000 cast and crew worldwide.

D’Amaro’s appointment will officially take effect at Disney’s annual shareholder meeting on March 18, succeeding long-time CEO Robert Iger.

American media pointed out that Hollywood is at a critical transition period, with Disney and other traditional Hollywood giants facing numerous challenges, including a continuous decline in TV viewership, the development of generative artificial intelligence, ongoing tense labor relations, and scrutiny from U.S. government regulators.

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