Disney announces Josh D'Amaro as next CEO
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The cost of tickets, food, and merchandise for Disneyland and Disney World have risen drastically over the years.
For Disney's fiscal first quarter, experiences represented 38% of the company's total revenue, yet generated a whopping 71% of its operating income.
For the past several years, Josh D’Amaro has been running the engine of Disney’s business, its theme parks. Now he must grapple with a changing media universe.
The celebration extends beyond Disneyland. At Walt Disney World, Black History Month festivities will officially begin Feb. 9 with a special parade moment at Magic Kingdom, led by Toya Johnson-Rushing as honorary grand marshal.
The theme parks segment of Walt Disney Co. recorded record quarterly revenue of $10 billion worldwide for the October-December period, the company announced Monday. It was a 6% increase over the previous year for Disney’s Experiences division, which also includes hotels, resorts and Disney Cruise Line.
With fewer international visitors coming to the U.S. and the company’s streaming unit firing on all cylinders, Disney contemplates a day when its U.S. theme parks aren’t the company’s biggest growth driver.
Josh D'Amaro was announced as Disney's next CEO on Feb. 3. Here's everything to know about Josh D'Amaro and his 28-year career with the company.