Disney's New Era: Josh D'Amaro Takes the Helm Amid AI and Industry Challenges

Walt Disney Company has named Josh D'Amaro, head of its theme parks division, as the new CEO. This appointment comes as the media giant navigates the turbulent waters of artificial intelligence and industry consolidation. D'Amaro steps in as a successor to Bob Iger, who had a pivotal role in transforming Disney into a powerful entertainment conglomerate.

D'Amaro, a veteran at Disney with nearly three decades of experience, will take charge amid challenges including declining international visitors to U.S. parks and emerging threats from generative AI in content production. As D'Amaro takes over, Dana Walden is appointed as chief content officer, reinforcing Disney’s focus on content creation to drive its extensive business flywheel.

The change in leadership comes with intensifying competition, notably from streaming giants like Netflix and Paramount pursuing mergers with Warner Bros assets. D'Amaro’s role will also involve navigating political landscapes, such as recent pressures from the Trump administration. Disney sets D'Amaro's annual salary at $2.5 million, with significant long-term incentives linked to the company’s future success.