Media industry
fromTheWrap
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Hollywood executives are increasingly valuing creators for their unique stories and built-in audiences.
In early 1991, the composer Alan Menken took a keyboard to St Vincent's hospital in New York to visit his friend and creative partner, the lyricist Howard Ashman. Ashman was in the final stages of Aids-related illness, but was determined to finish his work on Disney's Aladdin.
Institutional Shareholder Services (ISS) stated that support for the 'extraordinary golden parachute' proposal, valued at $886.8 million for CEO David Zaslav, was not warranted due to excessive compensation concerns.
The Disney Experiences segment just delivered record quarterly revenue of $10.006 billion, and D'Amaro built that machine. The segment generated $9.99 billion in full-year operating income for FY2025, making it the company's most profitable division. A CEO whose fingerprints are all over that result is not a liability.
Josh D'Amaro appears to be the frontrunner in the race to be Disney's next CEO, and the Mouse House's latest quarterly earnings showed why. Disney's experiences business, which D'Amaro oversees, is the backbone of a company that's being weighed down by the struggling pay-TV business and isn't yet lifted up by its streaming profits. And when that part of the business sneezes, the stock catches a cold.
D'Amaro, 54, has been serving as chairman of Disney's theme parks and experiences division, the unit that generates the majority of the company's operating income through its parks, cruises, and consumer products. He will succeed longtime CEO Bob Iger, who returned to the role in 2022 after previously leading Disney from 2005 to 2020. The move caps a multiyear succession process closely watched by Wall Street, Hollywood, and fans of the company around the world.