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Inside Disney’s Hunt to Replace Bob Iger as CEO

tall_guy1 said:
But why?
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Iger came back for a promised 2-year term to fix some of the issues the prior CEO created or left pending. He was asked begged to do two more years, but indicated that was as much as he wanted to do.
 
How is Disney doing overall? They have cut back on spending, but unsure how the decline of their linear business is affecting them overall, so it's hard to gauge.
 
tall_guy1 said:
How is Disney doing overall? They have cut back on spending, but unsure how the decline of their linear business is affecting them overall, so it's hard to gauge.
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What? It's not hard at all. Here, let me help you:

The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2024

BURBANK, Calif.–The Walt Disney Company today reported earnings for its third quarter ended June 29, 2024. Financial Results for the Quarter: Revenues for the quarter increased to $23.2 billion from $22.3 billion in the prior-year quarter. Income (loss) before income taxes improved to income of...
thewaltdisneycompany.com thewaltdisneycompany.com
 
Kelly A said:
What? It's not hard at all. Here, let me help you:

The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2024

BURBANK, Calif.–The Walt Disney Company today reported earnings for its third quarter ended June 29, 2024. Financial Results for the Quarter: Revenues for the quarter increased to $23.2 billion from $22.3 billion in the prior-year quarter. Income (loss) before income taxes improved to income of...
thewaltdisneycompany.com thewaltdisneycompany.com
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It's stock price has gone down 20 dollars just this year.
 
tall_guy1 said:
It's stock price has gone down 20 dollars just this year.
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Stock quotes are usually expressed as "points" and not dollars. Such as "The DJ Industrial average was off by 124 points in early trading today".
 
DavidEduardo said:
Stock quotes are usually expressed as "points" and not dollars. Such as "The DJ Industrial average was off by 124 points in early trading today".
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That's right, and if Tall_Guy read the linked report, he'd see that 'Linear-TV' earnings were up. That, and the overall market goes up and down daily.
It isn't always an indicator of one particular company being in trouble. But it's not just him. A lot of the general public considers the stock exchange as a measure of the U.S. economy, or that the success or failure of a particular company is directly tied to their per-share price.
 
DavidEduardo said:
Stock quotes are usually expressed as "points" and not dollars. Such as "The DJ Industrial average was off by 124 points in early trading today".
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Indexes like the Dow are listed in points, but individual companies are quoted in dollars.
The reason is that I can buy a share of Disney at whatever today's price is, but there is no way to buy shares of the Dow.
 
DavidEduardo said:
Stock quotes are usually expressed as "points" and not dollars. Such as "The DJ Industrial average was off by 124 points in early trading today".
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You can look at the dollar amount too. I saw on Google it went from 110 USD to 90 USD in a six month period. Not well versed on the points, but that is what I look at.
 
Don CT said:
You need to look at their market cap. Share price is really just speculative.
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Share price and market cap are the same thing, in most cases. Market cap is just Share Price multiplied by the Number of Shares. The Number of Shares is relatively constant unless the board of directors enacts a stock split.

According to company documents, Disney had 1.83 billion shares as of 11/15/2023, and 1.82 billion the year prior. The increase of 0.3% would not have affected the share price meaningfully.
 
None of this matters. Media stocks have been under pressure and cyclical for years. Traditional media (Radio and TV) has been going further underwater because there's no chance of future growth. Some people are looking for a scoreboard to follow in bare, simplistic terms of what might be happening. The reality is whether it's 6+ published ratings or per share price, you aren't seeing the whole story unless you have access and dig into the details. Anything else and you're just spinning wheels and wasting time.
 
Kelly A said:
None of this matters. Media stocks have been under pressure and cyclical for years. Traditional media (Radio and TV) has been going further underwater because there's no chance of future growth. Some people are looking for a scoreboard to follow in bare, simplistic terms of what might be happening. The reality is whether it's 6+ published ratings or per share price, you aren't seeing the whole story unless you have access and dig into the details. Anything else and you're just spinning wheels and wasting time.
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Disney is more than a media stock. It’s the amusement parks, cruise line.
 
Don CT said:
Disney is more than a media stock. It’s the amusement parks, cruise line.
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Of course, but in this case, Tall_Guy is one of those looking for a scoreboard on Disney's financial health. To your point; there's so much more to it than looking at the daily per share price.
 

Here is an updated one this time focusing Dana Walden and Josh D’Amaro as candidates to take over as Disney CEO.

As 2025 enters its final months, Disney inches closer to the announcement the entire entertainment industry has been waiting for — who will take over for Bob Iger as the company’s next CEO.

Disney has publicly stated it will name Iger’s successor in early 2026. Two internal candidates stand out as the most likely contenders: Disney Entertainment co-chairman Dana Walden and Disney Experiences chairman Josh D’Amaro. Walden brings decades of Hollywood expertise; D’Amaro worked in consumer products before his elevation in the theme parks division all the way up to running the unit when its previous leader, Bob Chapek, was named Disney CEO in 2020.




Given Walden’s and D’Amaro’s complementary skill sets — and given recent momentum behind co-CEO appointments both in media and beyond — the Disney board could opt to select both to jointly replace Iger.

It’s a strategy rival Netflix has similarly — and effectively — used since 2020, when Reed Hastings named Ted Sarandos his co-CEO. Three years later, Hastings relinquished that post and moved on to become the company’s executive chairman, elevating Greg Peters into his spot as co-CEO.
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