In a significant move for the entertainment giant, Disney has announced that Josh D’Amaro, the current head of its theme parks division, will take over as Chief Executive Officer, effective March 18. This decision comes after a thorough three-year search to identify a suitable successor to Bob Iger, who has led the company through pivotal transformations over nearly two decades.
A New Era for Disney
D’Amaro’s ascension marks a notable chapter in his extensive 28-year career with Disney, which began at the Disneyland Resort. As the head of Disney Experiences, he has successfully overseen a portfolio that includes theme parks, resorts, and cruise operations. His appointment signifies a strategic shift aimed at revitalising Disney’s approach in an evolving marketplace, especially in light of recent challenges.
Bob Iger, who returned to the helm in 2022 after a brief departure, had extended his contract until early 2026. His return was prompted by the resignation of Bob Chapek, who faced backlash over his management style and the company’s direction during the COVID-19 pandemic. Iger’s tenure has been marked by significant growth and innovation, leaving D’Amaro with big shoes to fill.
Leadership Transition and Future Vision
Disney’s chairman, James Gorman, expressed confidence in D’Amaro’s leadership capabilities, stating, “Throughout this search process, Josh has demonstrated a strong vision for the company’s future and a deep understanding of the creative spirit that makes Disney unique in an ever-changing marketplace.” Gorman believes D’Amaro is exceptionally equipped to guide the global company and enhance shareholder value.
D’Amaro’s vision will be crucial as Disney navigates the complexities of the entertainment landscape, particularly in the wake of increased competition from streaming services and changing consumer preferences. The recent rise in subscription fees for Disney+ and the successful launches of films like *Zootopia 2* and *Avatar: Fire and Ash* indicate that the company is already on a positive trajectory.
Financial Performance and Challenges Ahead
In its latest financial report, Disney recorded a 5% revenue increase for 2025, largely driven by higher subscription fees for Disney+ and the box office success of its recent films. The subscription price for Disney+ saw a rise from £4.99 to £5.99 for its basic plan in the UK as of October. Furthermore, the experiences division, under D’Amaro’s leadership, experienced a 6% year-on-year revenue growth.
However, challenges loom on the horizon, particularly concerning the decline in international visitors to Disney’s amusement parks in the United States. As the global travel landscape continues to recover, addressing this issue will be a critical focus for D’Amaro.
Why it Matters
D’Amaro’s appointment as CEO of Disney is not just a change in leadership; it represents a pivotal moment for the company as it seeks to adapt to the rapidly changing entertainment industry. With a strong background in theme park operations and experience within various Disney divisions, D’Amaro is poised to steer the company towards renewed growth and innovation. As consumer habits shift and competition intensifies, his leadership will be essential in redefining Disney’s strategy, ensuring its legacy as a leader in family entertainment while delivering value to shareholders in a challenging economic climate.
